GOODWILL INDUSTRIES OF DALLAS FOUNDATION

EIN: 751222611 501(c)(3) Employment

DALLAS, TX

Total Revenue
$1,687,441
Total Expenses
$1,632,802
Total Assets
$18,545,375
Net Assets
$18,535,903
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
TX
Principal Officer
TIMOTHY R HEIS
Phone
2146382800
Tax Period
2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF DALLAS FOUNDATION, founded in 1963, is a community nonprofit in the Employment sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 3% surplus.

Mission

The sole purpose of this corporation shall be to assist where needed the program of Goodwill Industries of Dallas, Inc. (GWD).

Program Service Accomplishments

Program 1
Expenses: $1,549,992

Beginning in 2015, Goodwill has hosted an annual fund raising event known as The Lunch. Goodwill has followed a practice of distributing the full proceeds from The Lunch each year to the Foundation...

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Beginning in 2015, Goodwill has hosted an annual fund raising event known as The Lunch. Goodwill has followed a practice of distributing the full proceeds from The Lunch each year to the Foundation with the understanding that the Foundation will bear all the costs of the annual event and will make periodic distributions of the net proceeds to Goodwill to provide support for the workforce development programs. The Foundation also makes an unrelated distribution to Goodwill from its net assets.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,643,703
Program Service Revenue $0
Investment Income $306,074
Other Revenue $-262,336
TOTAL REVENUE $1,687,441

Expense Breakdown

Grants Paid $1,549,992
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,549,992
Other Expenses $82,810
TOTAL EXPENSES $1,632,802

Year-over-Year Comparison

2023 2022 Change
Revenue $1,687,441 $1,546,820 +0.1%
Expenses $1,632,802 $1,515,199 +0.1%
Net Income $54,639 $31,621 +0.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
8
Employees
N/A
Volunteers
9

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$536,005
Total Directors
9
$536,005
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY R HEIS President 0.50
Officer Director
$0 $25,043 $536,005
C FRED BALL JR Director 0.50
Director
$0 $0 $0
PETER A LODWICK Director 0.50
Director
$0 $0 $0
FRANK MIHALOPOULOS Director 0.50
Director
$0 $0 $0
PAT S BOLIN SEC./TREAS. 0.50
Officer Director
$0 $0 $0
KYLE D MILLER Director 0.50
Director
$0 $0 $0
WILLIAM H VANDERSTRAATEN Chairman 0.50
Officer Director
$0 $0 $0
SUSAN M HICKS Director 0.50
Director
$0 $0 $0
CHARLES W MORRIS Director 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,687,441 $1,632,802 $18,545,375 $54,639
2022 $1,546,820 $1,515,199 $16,265,762 $31,621
2021 $1,522,499 $1,459,451 $19,717,349 $63,048
2020 $1,321,009 $1,440,881 $16,784,766 $-119,872
2019 $1,297,385 $1,318,969 $14,765,994 $-21,584
2018 $1,807,324 $1,227,545 $12,528,625 $579,779
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