GOODWILL OF THE SAN FRANCISCO BAY

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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

1916

Legal Domicile

Principal Officer

WILLIAM ROGERS

Phone

4155752101

Tax Period

2022-07-01 to 2023-06-30

GOODWILL OF THE SAN FRANCISCO BAY, founded in 1916, is a mid-sized nonprofit in the Employment sector that reported $75.6M in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

GOODWILL IS A 501(C)(3) LOCAL, NONPROFIT EMPLOYMENT SOCIAL ENTERPRISE THAT CREATES LIFE CHANGING OPPORTUNITIES FOR PEOPLE IN THE COMMUNITY THROUGH TRAINING AND THE POWER OF WORK. THE PEOPLE GOODWILL TRAINS AND PLACES IN JOBS INCLUDE PEOPLE WITH HOUSING INSTABILITY, INDIVIDUALS WHO HAVE BEEN INCARCERATED, VETERANS, AND PEOPLE IN RECOVERY FROM SUBSTANCE ABUSE -- PEOPLE WHO NEED A SECOND CHANCE. GOODWILL BREAKS THE CYCLE OF POVERTY THROUGH THE POWER OF WORK. OUR TRAINING AND CAREER PATHWAYS PROVIDE A BRIDGE TO EMPLOYMENT FOR THOUSANDS OF PEOPLE STRUGGLING TO BUILD WORKFORCE SKILLS, CONFIDENCE, AND SELF-SUFFICIENCY.

Program Service Accomplishments

Program 1

Expenses: $58,079,878 Revenue: $61,456,495

GOODWILL IS A NONPROFIT SOCIAL ENTERPRISE. WE CREATE SECOND CHANCES THROUGH TRAINING AND THE DIGNITY OF WORK. HARNESSING THE POWER OF DONATED GOODS TO GROW THE IMPACT OF OUR SOCIAL ENTERPRISE...

GOODWILL IS A NONPROFIT SOCIAL ENTERPRISE. WE CREATE SECOND CHANCES THROUGH TRAINING AND THE DIGNITY OF WORK. HARNESSING THE POWER OF DONATED GOODS TO GROW THE IMPACT OF OUR SOCIAL ENTERPRISE, SFGOODWILL UTILIZED OVER 1,030,560 DONATION TRANSACTIONS LAST YEAR TO PROVIDE JOBS, JOB TRAINING, AND SERVICES TO PEOPLE WITH BARRIERS TO EMPLOYMENT. OUR WAREHOUSE, TRANSPORTATION, DONATIONS AND RETAIL FUNCTIONS PROVIDE ON-THE-JOB TRAINING AND CONTEXTUALIZED LEARNING OPPORTUNITIES TO OUR TARGET POPULATION. LAST FISCAL YEAR, WE SERVED 1,555 EMPLOYEES AND PROVIDED CAREER SERVICES TO 3,376 PARTICIPANTS AND COMMUNITY MEMBERS.

Program 2

Expenses: $2,797,642 Revenue: $3,048,330

OUR WORKFORCE DEVELOPMENT SERVICES ADDRESS MANY BARRIERS TO EMPLOYMENT THROUGH JOB READINESS TRAINING, ON-THE-JOB LEARNING, AND PLACEMENT AND RETENTION SERVICES. LAST YEAR, SFGOODWILL PLACED 1,087...

OUR WORKFORCE DEVELOPMENT SERVICES ADDRESS MANY BARRIERS TO EMPLOYMENT THROUGH JOB READINESS TRAINING, ON-THE-JOB LEARNING, AND PLACEMENT AND RETENTION SERVICES. LAST YEAR, SFGOODWILL PLACED 1,087 JOB SEEKERS INTO EMPLOYMENT OPPORTUNITIES AND 3,376 INDIVIDUALS WERE SERVED THROUGH OUR VIRTUAL CAREER CENTERS.

Program 3

Expenses: $3,681,288 Revenue: $4,011,157

IN FISCAL 2022-2023, SFGOODWILL DIVERTED 18,730,732 POUNDS OF MATERIAL FROM LANDFILLS, INCLUDING 12,556,630 POUNDS OF GARMENTS, 4,102,549 POUNDS OF METAL, CARDBOARD, BOOKS, AND PLASTICS, AND...

IN FISCAL 2022-2023, SFGOODWILL DIVERTED 18,730,732 POUNDS OF MATERIAL FROM LANDFILLS, INCLUDING 12,556,630 POUNDS OF GARMENTS, 4,102,549 POUNDS OF METAL, CARDBOARD, BOOKS, AND PLASTICS, AND 2,071,553 POUNDS OF ELECTRONIC WASTE. SFGOODWILL'S RECOMPUTE PROGRAM REFURBISHES COMPUTERS AND ELECTRONICS; ANY ELECTRONICS OR HARDWARE THAT CANNOT BE RE-USED, ARE RESPONSIBLY RECYCLED, THROUGH AN E-STEWARD CERTIFIED RECYCLING PARTNER.

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,287,391

Program Service Revenue $68,515,982

Investment Income $281,625

Other Revenue $1,501,332

TOTAL REVENUE $75,586,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,790,277

Fundraising Expenses $896,540

Program Expenses $64,558,808

Other Expenses $35,346,049

TOTAL EXPENSES $78,136,326

Year-over-Year Comparison

	2022	2021	Change
Revenue	$75,586,330	$66,467,884	+0.1%
Expenses	$78,136,326	$61,862,817	+0.3%
Net Income	$-2,549,996	$4,605,067	-1.6%

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

1555

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

$1,270,178

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC SIPPEL	CHAIR	8.00	Officer Director	$0	$0	$0
KATHERINE BELLA	VICE CHAIR	3.00	Officer Director	$0	$0	$0
ALEXIS STURDY	SECRETARY	2.00	Officer Director	$0	$0	$0
HEATHER WISNIEWSKI	TREASURER	2.00	Officer Director	$0	$0	$0
TYLER BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALI CHALAK	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA CHEW	BOARD MEMBER	1.00	Director	$0	$0	$0
RODNEY FONG	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON FORD	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM HAMMER	BOARD MEMBER	2.00	Director	$0	$0	$0
EDWARD LAI	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN MADULI-WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH MAHONEY	BOARD MEMBER	2.00	Director	$0	$0	$0
SONIA MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
STUART MCCOLLOUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG MCCOY	BOARD MEMBER (THRU 4/23)	3.00	Director	$0	$0	$0
STEPHANIE MCKOWN	BOARD MEMBER	1.00	Director	$0	$0	$0
SUDHA PENNATHUR	BOARD MEMBER	1.00	Director	$0	$0	$0
RAMANAN RAGHAVENDRAN	BOARD MEMBER	1.00	Director	$0	$0	$0
AYNI RAIMONDI	BOARD MEMBER (THRU 1/23)	1.00	Director	$0	$0	$0
GEORGE SCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH SHERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TAJ TASHOMBE	BOARD MEMBER (THRU 12/22)	1.00	Director	$0	$0	$0
MOLLY WOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
AZEDEH ZOHRABI	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM ROGERS	CEO	40.00	Officer	$632,634	$9,819	$642,453
NARE JAGROOP	CFO	40.00	Officer	$319,920	$10,857	$330,777
VALERIA CULLIVER	COO, VP OF OPS & RETAIL	40.00	Officer	$287,129	$9,819	$296,948
ANDREW SIMONS	VP OF E-COM	40.00	Highest	$207,452	$0	$207,452
RAYMOND YANG	ASSOCIATE VP OF OPS & FINANCE	40.00	Highest	$203,162	$9,819	$212,981
PATRICIA CHU	CONTROLLER	40.00	Highest	$202,153	$0	$202,153
TRAVERS MCNEICE	VP OF MISSION ADVANCEMENT	40.00	Highest	$200,428	$8,426	$208,854
LYDIA KOKOLSKYJ-WEST	VP OF DEVELOPMENT	40.00	Highest	$190,646	$454	$191,100

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
2024	No data	No data	No data	No data
2023	$75,586,330	$78,136,326	$100,234,406	$-2,549,996
2022	$66,467,884	$61,862,817	$87,719,869	$4,605,067
2021	$41,892,966	$45,432,424	$78,877,719	$-3,539,458
2020	$36,823,491	$51,084,011	$47,996,779	$-14,260,520
2019	$39,989,229	$50,154,791	$60,328,866	$-10,165,562
2018	$37,524,303	$43,011,622	$68,751,157	$-5,487,319