GOODWILL OF SILICON VALLEY INC

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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

1942

Legal Domicile

Principal Officer

CHRIS BAKER

Phone

4089985774

Tax Period

2024-01-01 to 2024-12-31

GOODWILL OF SILICON VALLEY INC, founded in 1942, is a mid-sized nonprofit that reported $59.0M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

GOODWILL OF SILICON VALLEY'S MISSION IS TO SUPPORT OUR EMPLOYEES, OUR CUSTOMERS AND PEOPLE WITH CHALLENGING BARRIERS TO EMPLOYMENT: TO RAISE THEIR STANDARD OF LIVING AND IMPROVE THEIR LIVES THROUGH OUR SERVICES AND SOCIAL ENTERPRISE.

Program Service Accomplishments

Program 1

Expenses: $38,765,898 Revenue: $36,869,949

RETAIL PROGRAMS: COST EFFECTIVE SOCIAL ENTERPRISE FOR COLLECTION, PROCESSING AND SALES OF USED GOODS, PROVIDING PAID WORK EXPERIENCE AND JOB SKILLS TRAINING FOR PEOPLE WITH CHALLENGING AND SEVERE...

RETAIL PROGRAMS: COST EFFECTIVE SOCIAL ENTERPRISE FOR COLLECTION, PROCESSING AND SALES OF USED GOODS, PROVIDING PAID WORK EXPERIENCE AND JOB SKILLS TRAINING FOR PEOPLE WITH CHALLENGING AND SEVERE BARRIERS TO EMPLOYMENT. THIS COST EFFECTIVE BUSINESS PROVIDES OPPORTUNITIES FOR PEOPLE DISCONNECTED FROM THE WORKFORCE AND, BECAUSE OF THE NATURE OF THE BUSINESS IT PROMOTES GOODWILL OF SILICON VALLEY GREEN INITIATIVE DIVERTING 35 MILLION LBS OF TRASH FROM OUR LANDFILLS ANNUALLY.

Program 2

Expenses: $7,914,139 Revenue: $592,531

MISSION SERVICES PROGRAMS: SERVING INDIVIDUALS WITH BARRIERS TO EMPLOYMENT AND OTHER BASIC NEEDS CHALLENGES THROUGH SERVICES THAT INCLUDE NO-COST CAREER TECHNICAL EDUCATION, CASE MANAGEMENT, JOB...

MISSION SERVICES PROGRAMS: SERVING INDIVIDUALS WITH BARRIERS TO EMPLOYMENT AND OTHER BASIC NEEDS CHALLENGES THROUGH SERVICES THAT INCLUDE NO-COST CAREER TECHNICAL EDUCATION, CASE MANAGEMENT, JOB COACHING, PEER MENTORING, PAID WORK EXPERIENCE, EMPLOYABILITY WORKSHOPS, JOB SEARCH, AND PLACEMENT SERVICE. THIS SAME POPULATION IS PROVIDED WITH SUPPORT SERVICES THAT INCLUDE FINANCIAL ASSISTANCE FOR HOUSING, TRANSPORTATION, FOOD, AND OTHER BASIC NEEDS. THE TOTAL NUMBER OF PEOPLE SERVED IN 2024 WAS 1,264.

Program 3

Expenses: $1,186,695 Revenue: $1,506,929

CONTRACT AND BUSINESS SERVICES: COST EFFECTIVE SOCIAL ENTERPRISE TO PROVIDE PACKAGING AND LOGISTIC SERVICES FOR LOCAL COMMUNITY BUSINESS ENTERPRISES WHILE PROVIDING PAID WORKING EXPERIENCE FOR...

CONTRACT AND BUSINESS SERVICES: COST EFFECTIVE SOCIAL ENTERPRISE TO PROVIDE PACKAGING AND LOGISTIC SERVICES FOR LOCAL COMMUNITY BUSINESS ENTERPRISES WHILE PROVIDING PAID WORKING EXPERIENCE FOR VARIOUS PROGRAMS PARTICIPANTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $17,539,062

Program Service Revenue $1,594,762

Investment Income $2,276,485

Other Revenue $37,592,107

TOTAL REVENUE $59,002,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,305,104

Fundraising Expenses $125,055

Program Expenses $47,866,732

Other Expenses $24,507,485

TOTAL EXPENSES $57,812,589

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,002,416	$67,469,968	-0.1%
Expenses	$57,812,589	$55,040,798	+0.1%
Net Income	$1,189,827	$12,429,170	-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

1382

Volunteers

300

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

$829,698

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK HALLGRIMSON	BOARD CHAIR/SECRETARY	2.00	Officer Director	$0	$0	$0
TRACEY ENFANTINO	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PHILLIP BOYCE	TREASURER	2.00	Officer Director	$0	$0	$0
JIM CAMPAGNA	PAST CHAIR	2.00	Officer Director	$0	$0	$0
JIM CUNNEEN	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE GOEHRING	DIRECTOR	1.00	Director	$0	$0	$0
INDER SIDHU	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR GOMEZ	DIRECTOR	1.00	Director	$0	$0	$0
JASON RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
RU WEERAKOON	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA WELKER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL FOX	CEO	40.00	Officer	$437,867	$20,683	$458,550
CHRISTOPHER BAKER	CFO	40.00	Officer	$351,174	$19,974	$371,148
TRISH DORSEY	VP OF MISSION SERVICES	40.00	Highest	$205,219	$9,889	$215,108
MICHAEL SPEARS	VP OF HR	40.00	Highest	$235,761	$4,494	$240,255
CHRIS SCHUMB	LEGAL COUNCIL	40.00	Highest	$218,840	$280	$219,120
TRAVIS DIAZ	OPERATIONS DIRECTOR	40.00	Highest	$137,699	$16,980	$154,679
JESSICA CASSTELLO	VP OF RETAIL	40.00	Highest	$219,827	$12,315	$232,142

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	$59,002,416	$57,812,589	$88,847,656	$1,189,827
2023	$67,469,968	$55,040,798	$81,429,368	$12,429,170
2022	$62,194,119	$52,449,182	$74,982,181	$9,744,937
2021	$57,891,115	$46,457,071	$59,050,824	$11,434,044
2020	$50,202,633	$42,223,430	$41,624,956	$7,979,203
2019	$51,578,287	$51,743,314	$34,648,581	$-165,027
2018	$46,224,656	$46,025,457	$32,778,091	$199,199