GOODWILL INDUSTRIES OF SOUTHERN CA… - 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

1919

Legal Domicile

Principal Officer

PATRICK MCCLENAHAN

Phone

3232231211

Tax Period

2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF SOUTHERN CALIFORNIA, founded in 1919, is a major nonprofit in the Employment sector that reported $288.1M in total revenue in fiscal year 2023. Expenses of $273.3M left a modest 5% surplus.

Mission

TO TRANSFORM LIVES THROUGH THE POWER OF WORK, GSC SERVES PEOPLE WITH DISABILITIES OR OTHER VOCATIONAL CHALLENGES, AS WELL AS BUSINESS BY PROVIDING EDUCATION, TRAINING, WORK EXPERIENCE AND JOB PLACEMENT SERVICES.

Program Service Accomplishments

Program 1

Expenses: $187,419,518 Revenue: $150,653,417

RETAIL STORES- CREATES JOB OPPORTUNITIES FOR PERSONS WITH DISABILITIES AND BARRIERS TO EMPLOYMENT AND INDUSTRY TRAINING. IN 2023, OVER 1,374 INDIVIDUALS WERE EMPLOYED OR TRAINED THROUGH THESE...

RETAIL STORES- CREATES JOB OPPORTUNITIES FOR PERSONS WITH DISABILITIES AND BARRIERS TO EMPLOYMENT AND INDUSTRY TRAINING. IN 2023, OVER 1,374 INDIVIDUALS WERE EMPLOYED OR TRAINED THROUGH THESE PROGRAMS.

Program 2

Expenses: $40,191,055 Revenue: $63,373

MATERIAL COLLECTION, HANDLING, AND PROCESSING - CREATES EMPLOYMENT FOR PERSONS WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT, INCLUDING SKILLS TRAINING. IN 2023, APPROXIMATELY 82 INDIVIDUALS...

MATERIAL COLLECTION, HANDLING, AND PROCESSING - CREATES EMPLOYMENT FOR PERSONS WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT, INCLUDING SKILLS TRAINING. IN 2023, APPROXIMATELY 82 INDIVIDUALS WERE EMPLOYED.

Program 3

Expenses: $24,599,377 Revenue: $4,469,920

WORKFORCE DEVELOPMENT - INCLUDES A WIDE VARIETY OF PROGRAMS PROVIDING EMPLOYMENT PREPARATION, SKILLS TRAINING, JOB DEVELOPMENT, AND JOB PLACEMENT FOR PERSONS WITH DISABILITIES OR OTHER VOCATIONAL...

WORKFORCE DEVELOPMENT - INCLUDES A WIDE VARIETY OF PROGRAMS PROVIDING EMPLOYMENT PREPARATION, SKILLS TRAINING, JOB DEVELOPMENT, AND JOB PLACEMENT FOR PERSONS WITH DISABILITIES OR OTHER VOCATIONAL DISADVANTAGES. IN 2023, OVER 32,616 INDIVIDUALS WITH DISABILITIES OR OTHER BARRIERS TO EMPLOYMENT WERE ASSISTED THROUGH THESE VARIOUS PROGRAMS.

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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 $122,950,667

Program Service Revenue $162,875,349

Investment Income $1,404,424

Other Revenue $852,365

TOTAL REVENUE $288,082,805

Expense Breakdown

Grants Paid $3,569,523

Salaries & Benefits $38,345,582

Fundraising Expenses $2,167,918

Program Expenses $259,477,708

Other Expenses $231,114,027

TOTAL EXPENSES $273,346,596

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,082,805	$279,605,819	+0.0%
Expenses	$273,346,596	$254,753,567	+0.1%
Net Income	$14,736,209	$24,852,252	-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

Governance

Voting Members

Independent Members

Employees

2581

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

$1,626,087

Total Directors

Key Employees

$381,175

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD VILLA	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN HWANG	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
PETER STARRETT	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN H STROMGREN	SECRETARY	1.00	Officer Director	$0	$0	$0
ADEOLA ADESEUN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID M AMAR	DIRECTOR	1.00	Director	$0	$0	$0
JERYL BOWERS	DIRECTOR	1.00	Director	$0	$0	$0
DRUCILLA GARCIA-RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
DIANA INGRAM	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN C JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JACK E KAUFMAN	DIRECTOR	1.00	Director	$0	$0	$0
LAURENCE MIDLER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MURNANE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL REINER	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL RENDLER	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE SOTO-PELL	DIRECTOR (AS OF 06/2023)	1.00	Director	$0	$0	$0
MORGAN W ST JOHN	DIRECTOR (THRU 09/2023)	1.00	Director	$0	$0	$0
TERRY TAKEDA	DIRECTOR	1.00	Director	$0	$0	$0
J PATRICK MCCLENAHAN	PRESIDENT & CEO	50.00	Officer	$703,747	$45,280	$749,027
CRAIG LEVRA	EXECUTIVE VICE PRESIDENT & COO	25.00	Officer	$271,060	$24,838	$566,958
JEANELLE ARIAS	CFO (THRU 03/2023)	50.00	Officer	$167,513	$762	$168,275
ALBERT W KIM	CFO (AS OF 06/2023)	50.00	Officer	$141,722	$105	$141,827
ELIZABETH SCHWALBACH	CHRO	40.00	Key Emp	$267,756	$46,480	$381,175
JOHN DELL	VP OF IT	50.00	Highest	$195,559	$37,273	$232,832
JILLIAN SOTO	DIRECTOR OF HR LEAVE MANAGEMENT	50.00	Highest	$177,183	$34,273	$211,456
MICHELLE R TAN	CONTROLLER	50.00	Highest	$188,301	$4,130	$192,431
SHARAT S SURVE	SR. DIRECTOR, FINANCE & BUS STRATEGY	50.00	Highest	$179,739	$8,175	$187,914
JESSICA C RODRIGUEZ	WCD REG IMPACT OFFICER INLAND EMP.	50.00	Highest	$162,061	$21,738	$183,799

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	$288,082,805	$273,346,596	$182,299,502	$14,736,209
2022	$279,605,819	$254,753,567	$172,104,974	$24,852,252
2021	$263,328,349	$239,805,640	$74,192,150	$23,522,709
2020	$165,221,629	$194,032,705	$59,488,987	$-28,811,076
2019	$253,626,397	$255,299,669	$79,857,888	$-1,673,272
2018	$238,366,253	$237,226,986	$77,873,653	$1,139,267

GOODWILL INDUSTRIES OF SOUTHERN CALIFORNIA