GOODWILL INDUSTRIES OF DENVER

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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

1918

Legal Domicile

Principal Officer

KARLA GRAZIER

Phone

7196354483

Tax Period

2018-01-01 to 2018-12-31

GOODWILL INDUSTRIES OF DENVER, founded in 1918, is a mid-sized nonprofit that reported $66.8M in total revenue in fiscal year 2018.

Mission

GOODWILL'S MISSION IS TO PROVIDE EDUCATION, CAREER DEVELOPMENT, AND EMPLOYMENT OPPORTUNITIES TO HELP COLORADANS IN NEED ACHIEVE SELF-SUFFICIENCY, DIGNITY, AND HOPE THROUGH THE POWER OF WORK.

Program Service Accomplishments

Program 1

Expenses: $60,276,897 Revenue: $40,801,418

RETAIL OPERATIONS - GOODWILL OF DENVER'S RETAIL OPERATIONS ARE DEDICATED TO HIRING PEOPLE WITH BARRIERS TO EMPLOYMENT INCLUDING THOSE WITH PHYSICAL, MENTAL, EMOTIONAL, ECONOMIC, INTELLECTUAL AND...

RETAIL OPERATIONS - GOODWILL OF DENVER'S RETAIL OPERATIONS ARE DEDICATED TO HIRING PEOPLE WITH BARRIERS TO EMPLOYMENT INCLUDING THOSE WITH PHYSICAL, MENTAL, EMOTIONAL, ECONOMIC, INTELLECTUAL AND BACKGROUND CHALLENGES. IN ADDITION, DONATED ITEMS ARE SOLD OR REPURPOSED TO PROVIDE SUPPORT FOR TRAINING, EDUCATION AND OTHER LIFE CHANGING OPPORTUNITIES. FINALLY, THROUGH GOODWILL OF DENVER'S OPERATIONS, APPROXIMATELY 55.4 MILLION POUNDS OF ITEMS WERE DIVERTED FROM LANDFILLS IN 2017, SAVING BOTH THE ENVIRONMENT AND DISPOSAL COST FOR TAXPAYERS.

Program 2

Expenses: $4,804,961 Revenue: $3,474,924

WORKFORCE DEVELOPMENT PROGRAMS - GOODWILL'S HIGHLY SUCCESSFUL WORKFORCE DEVELOPMENT PROGRAMS IN THE COMMUNITY HELP PEOPLE FIND THE TOOLS TO SUCCEED IN WORK AND IN LIFE. GOODWILL'S PROGRAMS FOCUS ON THE POWER OF WORK, THE IDEA THAT WORK - A JOB, A CAREER, OR THE OPPORTUNITY TO PLAN FOR A FUTURE CAREER - IS THE FORCE THAT GUIDES INDIVIDUALS IN THE RIGHT DIRECTION AND ULTIMATELY CREATES LASTING, POSITIVE CHANGE FOR SOCIETY. GOODWILL'S PROGRAMS SERVED NEARLY 24,000 PEOPLE IN THE COMMUNITY IN 2018, INCLUDING AT-RISK YOUTH, STRUGGLING ADULTS, AND INTELLECTUALLY CHALLENGED INDIVIDUALS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $21,170,520

Program Service Revenue $44,276,342

Investment Income $-296,620

Other Revenue $1,636,254

TOTAL REVENUE $66,786,496

Expense Breakdown

Grants Paid $114,300

Salaries & Benefits $39,048,949

Fundraising Expenses $771,308

Program Expenses $65,081,858

Other Expenses $34,032,727

TOTAL EXPENSES $73,195,976

Year-over-Year Comparison

	2018	2017	Change
Revenue	$66,786,496	$65,341,081	+0.0%
Expenses	$73,195,976	$69,689,578	+0.1%
Net Income	$-6,409,480	$-4,348,497	+0.5%

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

3096

Volunteers

5529

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

$650,340

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN MAY	CHAIR	2.00	Officer Director	$0	$0	$0
JENNIFER SOBANET	TREASURER	2.00	Officer Director	$0	$0	$0
DIANE REEDER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
VICKI LOVATO	SECRETARY	2.00	Officer Director	$0	$0	$0
DAMON BARRY	DIRECTOR	2.00	Director	$0	$0	$0
VANECIA KERR	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL EVERETT	DIRECTOR	2.00	Director	$0	$0	$0
HAROLD KLAUSNER	DIRECTOR	2.00	Director	$0	$0	$0
JEAN LAWHEAD	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT LIKOS	DIRECTOR	2.00	Director	$0	$0	$0
VENETIA MARSHALL	DIRECTOR	2.00	Director	$0	$0	$0
DAWN TAYLOR OWENS	DIRECTOR	2.00	Director	$0	$0	$0
CHRISSY WINKLER	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT WORRELL	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER WOZNIAK	DIRECTOR	2.00	Director	$0	$0	$0
RICK HETTLINGER END 10518	CFO/INTERIM CEO	40.00	Officer	$236,871	$5,721	$242,592
KRISTI ESBENSHADE	VICE PRESIDENT WFD	40.00	Officer	$118,087	$0	$118,087
STUART DAVIE END 62918	CEO	40.00	Officer	$188,114	$44,428	$232,542
KARLA GRAZIER	CEO/PRESIDENT	40.00	Officer	$0	$0	$0
TOM WILDENBERG	CFO	40.00	Officer	$57,119	$0	$57,119
HADLEY EVANS JR	VICE PRESIDENT CONTROLLER	40.00	Highest	$116,704	$0	$116,704
MATT MCCLELLAN	VICE PRESIDENT SC	40.00	Highest	$122,641	$0	$122,641
STAN SMITH	SR DIR OPERATIONAL RISK	40.00	Highest	$100,259	$0	$100,259

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
2018	$66,786,496	$73,195,976	$41,514,636	$-6,409,480