GOODWILL INDUSTRIES OF THE GREATER… - Form 990 Financial Data

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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

1934

Legal Domicile

Principal Officer

MIKE KEENAN

Phone

5106987200

Tax Period

2021-01-01 to 2021-11-30

GOODWILL INDUSTRIES OF THE GREATER EAST BAY INC, founded in 1934, is a mid-sized nonprofit that reported $29.3M in total revenue in fiscal year 2021. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO TURN DONATIONS INTO JOBS - OFFERING LIFETIME PURPOSE AND OPPORTUNITY.

Program Service Accomplishments

Program 1

Expenses: $25,355,758 Revenue: $1,900,319

GOODWILL PROVIDES HANDS-ON, PAID JOB TRAINING TO THOSE FACING BARRIERS TO EMPLOYMENT, SUCH AS MULTI-GENERATIONAL POVERTY, HISTORY OF INCARCERATION, LIMITED EDUCATION OR ENGLISH LANGUAGE SKILLS, NO...

GOODWILL PROVIDES HANDS-ON, PAID JOB TRAINING TO THOSE FACING BARRIERS TO EMPLOYMENT, SUCH AS MULTI-GENERATIONAL POVERTY, HISTORY OF INCARCERATION, LIMITED EDUCATION OR ENGLISH LANGUAGE SKILLS, NO WORK EXPERIENCE, AND DISABILITIES. WHILE PARTICIPANTS RECEIVE REAL-LIFE JOB TRAINING, THEY ALSO PARTICIPATE IN CASE MANAGEMENT SUPPORT SERVICES AND ATTEND CLASSES IN EMPLOYMENT READINESS, COMPUTER LITERACY, AND JOB SEARCH SKILLS. NEARLY FORTY PERCENT OF ALL JOBS PERFORMED WITHIN SOCIAL ENTERPRISE OPERATED BY GOODWILL INDUSTRIES OF THE GREATER EAST BAY ARE PERFORMED BY THOSE WHO ARE NOT EMPLOYABLE IN THE LABOR MARKET AND ARE LEARNING HOW TO WORK IN ORDER TO BECOME COMPETITIVELY EMPLOYED.

Program 2

Expenses: $1,240,104 Revenue: $1,369,612

GOODWILL OFFERS COMPREHENSIVE JOB PLACEMENT SERVICES. OUR WORK FOCUSES ON NOT ONLY MATCHING QUALIFIED APPLICANTS TO AVAILABLE POSITIONS, BUT CULTIVATING STRONG RELATIONSHIPS WITH COMMUNITY EMPLOYERS SO THAT WE CAN SUCCESSFULLY FIND SUSTAINABLE JOBS FOR OUR PARTICIPANTS. IN 2021, GOODWILL PLACED 323 INDIVIDUALS INTO COMPETITIVE EMPLOYMENT THROUGHOUT ALAMEDA, CONTRA COSTA, AND ALAMEDA COUNTIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $25,665,769

Program Service Revenue $1,960,862

Investment Income $199,243

Other Revenue $1,462,042

TOTAL REVENUE $29,287,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,871,119

Fundraising Expenses $18,798

Program Expenses $26,595,862

Other Expenses $14,265,867

TOTAL EXPENSES $30,136,986

Year-over-Year Comparison

	2021	2020	Change
Revenue	$29,287,916	$22,285,585	+0.3%
Expenses	$30,136,986	$31,516,802	0.0%
Net Income	$-849,070	$-9,231,217	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG MCCOY	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
JOSEPH MAHONEY	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
LINDA CHEW	BOARD MEMBER	1.00	Director	$0	$0	$0
REV ALBERT FEATHERSTONE	BOARD MEMBER (THRU 11/21)	1.00	Director	$0	$0	$0
SCOTT HUFFMAN	BOARD MEMBER (THRU 11/21)	1.00	Director	$0	$0	$0
EDWARD LAI	BOARD MEMBER	1.00	Director	$0	$0	$0
STUART MCCULLOUGH	BOARD MEMBER (THRU 11/21)	1.00	Director	$0	$0	$0
TOM PARTLOW	BOARD MEMBER (THRU 11/21)	1.00	Director	$0	$0	$0
DIANE PIEROTTI	BOARD MEMBER (THRU 11/21)	1.00	Director	$0	$0	$0
BILL ROWLAND	BOARD MEMBER (THRU 11/21)	1.00	Director	$0	$0	$0
JEFF SCHWARTZ	BOARD MEMBER (THRU 11/21)	1.00	Director	$0	$0	$0
CHUCK SMITH	BOARD MEMBER (THRU 11/21)	1.00	Director	$0	$0	$0
DAVE TROTTER	BOARD MEMBER (THRU 11/21)	1.00	Director	$0	$0	$0
MICHAEL KEENAN	PRESIDENT & CEO	39.00	Officer Director	$0	$0	$0
MITTIE GRIGSBY	CHIEF FINANCIAL OFFICER (THRU 01.21)	35.00	Officer	$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
2021	$29,287,916	$30,136,986	No data	$-849,070
2020	$22,285,585	$31,516,802	$13,648,555	$-9,231,217
2019	$34,418,259	$34,584,115	$18,160,510	$-165,856
2018	$26,832,312	$30,790,039	$17,941,057	$-3,957,727

GOODWILL INDUSTRIES OF THE GREATER EAST BAY INC