GOODWILL INDUSTRIES FOUNDATION OF NORTHWEST OHIO INC (EIN 873105138) - 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

2022

Legal Domicile

Principal Officer

AMY WACHOB

Phone

4192550070

Tax Period

2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES FOUNDATION OF NORTHWEST OHIO INC, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $460K in total revenue in fiscal year 2023. Revenue fell 80% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $344K, a strong 75% operating margin.

Mission

A NONPROFIT ORGANIZATION, THE GOODWILL INDUSTRIES FOUNDATION OF NORTHWEST OHIO INVESTS IN EDUCATION, TRAINING, AND JOB-PLACEMENT INITIATIVES THAT HELP STRENGTHEN OUR COMMUNITIES.

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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 $324,990

Program Service Revenue $0

Investment Income $134,928

Other Revenue $0

TOTAL REVENUE $459,918

Expense Breakdown

Grants Paid $107,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $107,000

Other Expenses $9,341

TOTAL EXPENSES $116,341

Year-over-Year Comparison

	2023	2022	Change
Revenue	$459,918	$2,274,611	-0.8%
Expenses	$116,341	$121,000	0.0%
Net Income	$343,577	$2,153,611	-0.8%

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

N/A

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

$497,932

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAN WASILAUSKY	CHAIR OF BOARD	1.00	Officer Director	$0	$0	$0
BILL LIFE	TREASURER	1.00	Officer Director	$0	$0	$0
MATT FORTUNAK	SECRETARY	1.00	Officer Director	$0	$0	$0
AMY WACHOB	PRESIDENT/CEO	1.00	Officer	$0	$22,151	$232,601
KELLIE SCHLACHTER	CFO	1.00	Officer	$0	$25,302	$148,770
DAVID TAKATS	CMO	1.00	Officer	$0	$0	$116,561

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	$459,918	$116,341	$2,624,564	$343,577
2022	$2,274,611	$121,000	$2,178,448	$2,153,611

GOODWILL INDUSTRIES FOUNDATION OF NORTHWEST OHIO INC