Goodwill Industrial Services Corporation (EIN 841273701) - 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

1994

Legal Domicile

Principal Officer

Tom Wildenberg

Phone

7196354483

Tax Period

2023-01-01 to 2023-12-31

Goodwill Industrial Services Corporation, founded in 1994, is a mid-sized nonprofit in the Employment sector that reported $12.2M in total revenue in fiscal year 2023. Expenses of $11.3M left a modest 8% surplus.

Mission

Goodwill Industrial Services Corporation is dedicated to helping people reach their highest level of personal and economic independence. See Sch. O for Continuation.

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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 $0

Program Service Revenue $12,192,754

Investment Income $0

Other Revenue $22,253

TOTAL REVENUE $12,215,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,674,945

Fundraising Expenses $0

Program Expenses $9,959,465

Other Expenses $3,586,763

TOTAL EXPENSES $11,261,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,215,007	$11,687,996	+0.0%
Expenses	$11,261,708	$10,910,461	+0.0%
Net Income	$953,299	$777,535	+0.2%

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

204

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

$1,226,258

Total Directors

$1,226,258

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karla Grazier - See Sch O	GISC Board Chair	39.0	Officer Director	$0	$46,693	$654,581
Thomas Wildenberg - See Sch O	GISC TREASURER	39.0	Officer Director	$0	$26,932	$256,383
Gary Smith - See Sch O	GISC President	39.0	Officer Director	$0	$12,032	$216,585
Karen Gordon - See Sch O	GISC SECRETARY	39.0	Officer Director	$0	$16,583	$98,709
Matt Gendron	Member	1.0	Director	$0	$0	$0
Vicki Lovato	Member	1.0	Director	$0	$0	$0
Ginna Morgan	Member	1.0	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	$12,215,007	$11,261,708	$11,685,800	$953,299
2022	$11,687,996	$10,910,461	$10,708,359	$777,535
2021	$12,107,759	$11,847,063	$11,010,379	$260,696
2020	$12,542,953	$12,003,315	$9,806,415	$539,638
2019	$13,784,069	$14,390,712	$9,756,173	$-606,643
2018	$13,228,355	$13,216,601	$8,673,686	$11,754

Goodwill Industrial Services Corporation