Goodwill of Colorado Foundation

EIN: 841488592 501(c)(3) Philanthropy & Grantmaking

Colorado Springs, CO

Total Revenue
$6,592,332
Total Expenses
$5,404,049
Total Assets
$22,693,739
Net Assets
$22,638,468
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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
1999
Legal Domicile
CO
Principal Officer
Thomas Wildenberg
Phone
7196354483
Tax Period
2024-01-01 to 2024-12-31

Goodwill of Colorado Foundation, founded in 1999, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.6M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 18% operating margin.

Mission

GOODWILL OF COLORADO FOUNDATION SERVES GOODWILL OF COLORADO (EIN # 84-0513404) THROUGH STRATEGIC AND EFFICIENT FUNDRAISING EFFORTS DEDICATED TO THE ORGANIZATION'S MANY DIVERSE LIFE-CHANGING PROGRAMS AND SERVICES BENEFITTING 148 THOUSAND COLORADOANS IN 63 COUNTIES THROUGHOUT COLORADO EACH YEAR. the foundation SUPPORTs GOODWILL OF COLORADO'S MISSION OF HELPING INDIVIDUALS WITH SIGNIFICANT DISABILITIES AND DISADVANTAGES OVERCOME THEIR BARRIERS TO INDEPENDENCE THROUGH THE POWER OF WORK AND LIFE-ENGAGEMENT OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $4,499,152 Revenue: $0

IN 2024, GOODWILL of colorado Foundation IN PARTNERSHIP WITH GOODWILL OF COLORADO (EIN#84-0513404) and Goodwill INDUSTRIAL SERVICES CORPORATION (EIN # 84-1273701), PROVIDED MEANINGFUL AND GAINFUL...

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IN 2024, GOODWILL of colorado Foundation IN PARTNERSHIP WITH GOODWILL OF COLORADO (EIN#84-0513404) and Goodwill INDUSTRIAL SERVICES CORPORATION (EIN # 84-1273701), PROVIDED MEANINGFUL AND GAINFUL EMPLOYMENT TO OVER 200 INDIVIDUALS WITH DEVELOPMENTAL AND ECONOMIC CHALLENGES THROUGH ITS SELF-SUSTAINING BUSINESS ENTERPRISES COMPRISED OF LAUNDRY & JANITORIAL SERVICES FOR GOVERNMENT AGENCIES, ACADEMIC AND HEALTH CARE INSTITUTIONS, AND BUSINESSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,726,159
Program Service Revenue $0
Investment Income $947,722
Other Revenue $918,451
TOTAL REVENUE $6,592,332

Expense Breakdown

Grants Paid $4,499,152
Salaries & Benefits $665,111
Fundraising Expenses $904,897
Program Expenses $4,499,152
Other Expenses $239,786
TOTAL EXPENSES $5,404,049

Year-over-Year Comparison

2024 2023 Change
Revenue $6,592,332 $5,434,652 +0.2%
Expenses $5,404,049 $3,468,551 +0.6%
Net Income $1,188,283 $1,966,101 -0.4%
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
17
Independent Members
15
Employees
9
Volunteers
26

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
6
$967,828
Total Directors
18
$967,828
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karla Grazier - See Sch O CEO 1.0
Officer Director
$0 $44,349 $685,733
Thomas Wildenberg - See Sch O CFO 1.0
Officer Director
$0 $25,008 $282,095
Peter Maiurro Chair 1.0
Officer Director
$0 $0 $0
Tom Neill Vice Chair 1.0
Officer Director
$0 $0 $0
Stacy Kasten Treasurer 1.0
Officer Director
$0 $0 $0
Michelle Blessing Secretary 1.0
Officer Director
$0 $0 $0
Mark Perrault Director 1.0
Director
$0 $0 $0
Judith Rae Judy Mackey Director 1.0
Director
$0 $0 $0
Laura Blackburn Director 1.0
Director
$0 $0 $0
Robb Conner Director 1.0
Director
$0 $0 $0
Walter Coughlin Director 1.0
Director
$0 $0 $0
Chris Jenkins Director 1.0
Director
$0 $0 $0
Margie Mauldin Director 1.0
Director
$0 $0 $0
Bo Peretto Director 1.0
Director
$0 $0 $0
Mari Sinton-Martinez Director 1.0
Director
$0 $0 $0
Mike Hess Director 1.0
Director
$0 $0 $0
Ted Hamstra Director 1.0
Director
$0 $0 $0
Mark Michalek Director 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 $6,592,332 $5,404,049 $22,693,739 $1,188,283
2023 $5,434,652 $3,468,551 $22,446,284 $1,966,101
2022 $4,617,693 $3,035,918 $17,723,307 $1,581,775
2021 $4,278,008 $3,900,260 $19,789,763 $377,748
2020 $4,963,009 $4,520,637 $16,052,767 $442,372
2019 $3,789,429 $3,057,393 $15,414,109 $732,036
2018 $2,270,186 $2,046,337 $11,578,106 $223,849
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