Goodwill Industries of South Central California (EIN 770129283) - Form 990 Financial Analysis & Trantor Score

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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

1986

Legal Domicile

Principal Officer

Jake Slayton

Phone

6618370595

Tax Period

2023-01-01 to 2023-12-31

Goodwill Industries of South Central California, founded in 1986, is a mid-sized nonprofit in the Employment sector that reported $20.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF GOODWILL INDUSTRIES OF SOUTH CENTRAL CALIFORNIA (GOODWILL) IS TO PROVIDE WORK OPPORTUNITIES AND SKILLS DEVELOPMENT TO PEOPLE WITH BARRIERS TO EMPLOYMENT. GOODWILL PRIMARILY UTILIZES A TRANSITIONAL EMPLOYMENT PROGRAM MODEL, FUNDED THROUGH REVENUE GENERATED BY THE DONATED GOODS RETAIL PROGRAM, TO DELIVERMISSION SERVICES. GOODWILL PROVIDES EMPLOYMENT OPPORTUNITIES, TRAINING, AND CAREERSERVICES FOR PEOPLE WITH PHYSICAL, MENTAL, AND EMOTIONAL DISABILITIES, AS WELL ASTHOSE WITH DISADVANTAGES SUCH AS WELFARE DEPENDENCY, HOMELESSNESS, SOCIAL ANDCULTURAL BARRIERS, AND LACK OF EDUCATION OR WORK EXPERIENCE. ADDITIONALLY, GOODWILL PROVIDES ASSESSMENT AND EMPLOYMENT SERVICES TO CLIENTS OF THE CALIFORNIA DEPARTMENT OF REHABILITATION; SERVES AS A TRAINING WORKSITE FOR STUDENTS ENROLLED IN THE TRANSITION TO INDEPENDENT LIVING PROGRAM AT TAFT COLLEGE; AND OFFERS OPPORTUNITIES FOR COMMUNITY SERVICE PARTICIPANTS REFERRED BY THE COURTS, SCHOOL SYSTEMS, AND OTHER AGENCIES TO FULFILL THEIR RE

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,451,348

Program Service Revenue $18,829,077

Investment Income $0

Other Revenue $1,130

TOTAL REVENUE $20,281,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,904,290

Fundraising Expenses $0

Program Expenses $19,294,570

Other Expenses $11,179,982

TOTAL EXPENSES $22,084,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,281,555	$18,595,642	+0.1%
Expenses	$22,084,272	$20,649,655	+0.1%
Net Income	$-1,802,717	$-2,054,013	-0.1%

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

Governance

Voting Members

Independent Members

Employees

417

Volunteers

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

$165,302

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jake Slayton	President & CEO	40.00	Officer	$165,302	$0	$165,302
Justin Ahart	VP of Retail	40.00		$108,770	$0	$108,770
Virginia J Hazelton	Administration	40.00		$101,452	$0	$101,452
Xavier Canez	Director	1.00	Director	$0	$0	$0
Candy Cline-Gettman	Director	1.00	Director	$0	$0	$0
Daniel Klingenberger	Director	1.00	Director	$0	$0	$0
Anthony Olivieri	Director	1.00	Director	$0	$0	$0
Eric Shumate	Director	1.00	Director	$0	$0	$0
Sean Barker	Treasurer	1.00	Director	$0	$0	$0
Cindy Uetz	Vice Chair	1.00	Director	$0	$0	$0
Emmanual Mourtzanos	Director	1.00	Director	$0	$0	$0
Myrna Arias	Director	1.00	Director	$0	$0	$0
Cameron Mahoney	Director	1.00	Director	$0	$0	$0
Jessie Valencia	Director	1.00	Director	$0	$0	$0
Jessica Janssen	Director	1.00	Director	$0	$0	$0
Joel Askew	Director	1.00	Director	$0	$0	$0
Mayra Estrada	Secretary	1.00	Director	$0	$0	$0
Jeremy Shumaker	Director	1.00	Director	$0	$0	$0
Steven Taglia	Director	1.00	Director	$0	$0	$0
Tori Jacobs	Director	1.00	Director	$0	$0	$0
Timothy Diaz	DIrector	1.00	Director	$0	$0	$0
Jose Guerrero	Past Chairman	3.00	Officer	$0	$0	$0
Danhira Barajas Millan	Chair	2.00	Officer	$0	$0	$0
Rasmus Jensen	Past Treasurer	2.00	Officer	$0	$0	$0
Vanessa Franco Chavez	Past Secretary	2.00	Officer	$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	$20,281,555	$22,084,272	$17,109,499	$-1,802,717
2022	$18,595,642	$20,649,655	$14,249,114	$-2,054,013
2021	$22,567,652	$17,928,728	$10,236,275	$4,638,924
2020	$13,392,487	$14,505,833	$7,163,671	$-1,113,346
2019	$17,345,142	$16,547,509	$6,091,673	$797,633
2018	$16,489,325	$16,027,242	$6,354,641	$462,083

Goodwill Industries of South Central California