Goodwill Industries of Ventura and Santa Barbara Counties Inc (EIN 770448301) - 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

1997

Legal Domicile

Phone

8059810130

Tax Period

2023-01-01 to 2023-12-31

Goodwill Industries of Ventura and Santa Barbara Counties Inc, founded in 1997, is a mid-sized nonprofit in the Human Services sector that reported $41.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $36.4M left a modest 11% surplus.

Mission

Provides employment skills to challenged individuals, serves the community by helping people with barriers to employment achieve economic independence through training, educating and employment

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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 $42,293,827

Program Service Revenue $0

Investment Income $19,354

Other Revenue $-1,302,226

TOTAL REVENUE $41,010,955

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,655,008

Fundraising Expenses $0

Program Expenses $30,477,099

Other Expenses $14,750,619

TOTAL EXPENSES $36,405,627

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,010,955	$37,782,164	+0.1%
Expenses	$36,405,627	$32,692,611	+0.1%
Net Income	$4,605,328	$5,089,553	-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

899

Volunteers

N/A

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

$330,750

Total Directors

$330,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Marcus	President & CEO	40.00	Officer Director	$315,000	$15,750	$330,750
Steven Buenger	Treasurer	1.00	Officer Director	$0	$0	$0
Indy Batra	Director	1.00	Director	$0	$0	$0
Robin Whitney	Director	1.00	Director	$0	$0	$0
Paul Farry	Senior Director	1.00	Director	$0	$0	$0
Holly Lake	Director	1.00	Director	$0	$0	$0
David E Mead	Director	1.00	Director	$0	$0	$0
Tom Waddell	Director	1.00	Director	$0	$0	$0
Jonathan Fox	Vice Chair	1.00	Officer Director	$0	$0	$0
Elliot Glusker	Director	1.00	Director	$0	$0	$0
Sharon Roberts	Secretary	1.00	Officer Director	$0	$0	$0
Cynthia Herrera	Director	1.00	Director	$0	$0	$0
Manny Dela Huerta	Chairman	1.00	Officer Director	$0	$0	$0
Mark Spellman	Director	1.00	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	$41,010,955	$36,405,627	$65,445,825	$4,605,328
2022	$37,782,164	$32,692,611	$61,265,184	$5,089,553
2021	$36,387,219	$28,469,793	$36,147,815	$7,917,426
2020	$23,020,785	$24,132,774	$32,672,775	$-1,111,989
2019	$27,133,927	$24,869,016	$22,415,718	$2,264,911
2018	$25,274,212	$23,129,392	$19,799,046	$2,144,820

Goodwill Industries of Ventura and Santa Barbara Counties Inc