Goodwill Southern Los Angeles Coun… - 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

1939

Legal Domicile

Principal Officer

Johanna Johnson-Gilman

Phone

5624353411

Tax Period

2024-01-01 to 2024-12-31

Goodwill Southern Los Angeles County, founded in 1939, is a mid-sized nonprofit in the Employment sector that reported $30.8M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

Goodwill SOLAC was established 95 years ago and provides services to 22 cities and communities located in Southern California. The organization's main facility is located in Long Beach, California where it houses administrative offices and several training programs, processing operations and a transportation fleet. Goodwill SOLAC's Workforce Development programs consider the quality-of-life factors for each person served, backed by the belief that all individuals should be empowered to find and keep meaningful employment and inclusion into their community. Our programs are intended to assist individuals with vocational disadvantages such as: minimum work history, low income, homelessness, at-risk youth, parolees and individuals with disabilities or other barriers to employment.

Program Service Accomplishments

Program 1

Expenses: $22,336,646 Revenue: $22,489,723

In 2024, Commercial Operations consisted of 17 stores, 1 outlet, an e-commerce sales outlet (ShopGoodwill.org), and 1 aftermarket (salvage) sales operations. It provided employment to more than 350 individuals in 2024 and generated income that supports Vocational Services and LINKs Language Services.

Program 2

Expenses: $2,760,262 Revenue: $737,219

In 2024, 4,838 people accessed Goodwill SOLAC's job programs. Of those participants who accessed those services, 535 entered training programs, 500 completed training programs, and 356 individuals...

In 2024, 4,838 people accessed Goodwill SOLAC's job programs. Of those participants who accessed those services, 535 entered training programs, 500 completed training programs, and 356 individuals were placed into employment.

Program 3

Expenses: $1,522,195 Revenue: $1,612,011

LiNKS Sign Language and Interpreting Services provides interpreters to assist the hearing impaired in communications, as well as translation services in over thirty languages including Arabic...

LiNKS Sign Language and Interpreting Services provides interpreters to assist the hearing impaired in communications, as well as translation services in over thirty languages including Arabic, Mandarin, Vietnamese, and Korean. In 2024, LiNKS served over 2153 individuals, (1098 for ASL and 1055 for language). Revenues generated from the retail operations and LiNKS supports our Work Force Development 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 (2024)

Revenue Breakdown

Contributions & Grants $4,738,987

Program Service Revenue $24,838,953

Investment Income $345,626

Other Revenue $850,410

TOTAL REVENUE $30,773,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,064,948

Fundraising Expenses $228,300

Program Expenses $26,619,103

Other Expenses $14,633,840

TOTAL EXPENSES $33,713,271

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,773,976	$33,627,171	-0.1%
Expenses	$33,713,271	$32,807,423	+0.0%
Net Income	$-2,939,295	$819,748	-4.6%

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

618

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

$247,958

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Johanna Johnson-Gilman	Chair	2.00	Officer Director	$0	$0	$0
Robin Pano	Vice Chair	2.00	Officer Director	$0	$0	$0
Ruth Perez Ashley	Secretary	2.00	Officer Director	$0	$0	$0
Kenneth Cecil CPA	Treasurer	2.00	Officer Director	$0	$0	$0
Ardel G Avelino RN	Trustee	2.00	Director	$0	$0	$0
Cynthia Barnes	Trustee (start 12/24)	2.00	Director	$0	$0	$0
Trenience Cannon	Trustee	2.00	Director	$0	$0	$0
Dr Regina Cash	Trustee	2.00	Director	$0	$0	$0
Veronica Garcia Davalos	Trustee	2.00	Director	$0	$0	$0
Larry DeJarnett	Trustee	2.00	Director	$0	$0	$0
Dan Descargar	Trustee	2.00	Director	$0	$0	$0
Anitra Dempsey	Trustee	2.00	Director	$0	$0	$0
Mirabelle Fobi	Trustee (start 12/24)	2.00	Director	$0	$0	$0
Evan Hoover	Trustee	2.00	Director	$0	$0	$0
Joan Romero	Trustee	2.00	Director	$0	$0	$0
Dr Celso G Silla	Trustee	2.00	Director	$0	$0	$0
Tim Skillman	Trustee	2.00	Director	$0	$0	$0
Brad Ward	Trustee	2.00	Director	$0	$0	$0
Elizabeth E Williams	Trustee	2.00	Director	$0	$0	$0
Patrice Wong	Trustee	2.00	Director	$0	$0	$0
Kimberly Hall	Chief Executive Officer (end 7/24)	40.00	Officer	$135,282	$7,224	$142,506
Paul Reiner	Chief Executive Officer (start 12/24)	40.00	Officer	$13,134	$0	$13,134
John Kohl	VP Accounting & Finance (end 1/24)	40.00	Officer	$15,450	$4	$15,454
Theresa Morrison	VP Accounting & Finance (start 7/24)	40.00	Officer	$70,035	$6,829	$76,864
Donna Snell	SVP Sales, Operation & Mkt	40.00	Highest	$232,599	$11,499	$244,098
Rob Boyajian	Director of Info Services	40.00	Highest	$160,686	$10,020	$170,706
Krystal Urzua	VP of HR and Compliance	40.00	Highest	$159,705	$7,619	$167,324
Benicio Espitia	VP Workforce Development	40.00	Highest	$162,290	$9,713	$172,003
Steven Cipolla	Director of LiNKS	40.00	Highest	$146,201	$10,390	$156,591

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	$30,773,976	$33,713,271	$41,022,873	$-2,939,295
2023	$33,627,171	$32,807,423	$41,778,532	$819,748
2022	$29,283,822	$26,908,571	$42,207,909	$2,375,251
2021	$32,286,244	$22,114,837	$27,949,432	$10,171,407
2020	$14,934,298	$19,549,825	$20,064,470	$-4,615,527
2019	$24,405,613	$23,454,712	$20,842,543	$950,901
2018	$24,671,171	$24,597,039	$18,863,980	$74,132
2016	$24,628,878	$24,820,237	$20,311,093	$-191,359

Goodwill Southern Los Angeles County