Goodwill Industries - Manasota Inc

Nonprofit profile at a glance

EIN
592074391
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Bradenton, FL, USA
Phone
9413588561
Rating
89
Verdict
STRONG
Rating confidence
Standard
Sector
Human Services

Official website

Reported finances

Revenue
$146,987,524
Expenses
$140,263,953
Assets
$163,511,117
Liabilities
$109,753,975

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • DONN GITHENS (PRESIDENT AND CEO)

Highest reported compensation

  • DONN GITHENS (PRESIDENT AND CEO): $593,576 total reported compensation
  • ADRIAN GESSEN (SNR VP ORG. DEVELOPMENT): $287,071 total reported compensation
  • ALEXA OLIVAS (VP OPERATIONS, MANASOTA): $226,425 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Goodwill industries utilizes its resale strategies to provide job training to persons with disabilities and other barriers to employment. Goodwill accepts clothing and other household donated goods from the public and sells these donations in goodwill community based stores. Revenue from the sale of these goods goes directly toward supporting and growing critical community based programs and job placement services.

What it reported doing in 2024

Goodwill industries-manasota, inc. (goodwill) is a 501(c)(3) nonprofit dedicated to advancing its mission of changing lives through the power of work and proudly serves 10 counties on the east and west coasts of Florida. The west coast counties include sarasota, manatee, hardee, and portions of northwestern charlotte and lee counties, while the east coast counties serve indian river, st. Lucie, martin, okeechobee, and palm beach. Through its mission-integrated social enterprise model, goodwill provides access to resources, training, and employment opportunities that help individuals overcome barriers and improve financial stability. Goodwill accepts clothing and other household donated goods from the public and the sales of these donated goods across its 30+ retail locations fund the mission, which employs more than 1,508 team members, 72% of whom have disabilities and/or disadvantaging conditions. Additionally, the organization offers three core programs which are: (1) the goodpartner coach program offers each goodwill team member with a life coach who provides support and helps facilitate goals for each team member, moving them forward in their job and in life. In 2024, the goodpartner coach program provided coaching to 2,316 people resulting in a retention rate of 84% for 30 days and 74% for 90 days of those served achieving at least one goal. (2) the job connection serves community residents with resume writing and interview skills training. The job connection will assist individuals in finding a meaningful employment either at goodwill or through one of the hundreds of employer partnerships that the organization has. In 2024, the job connection served 601 people resulting in community placements for 257 people with an average wage of $15.62/hour. 95% of those placed were employed in an organization with benefits. (3) the veterans services team offers reintegration services to veterans and their families in finding and maintaining employment. In 2024, there were 554 veterans and their families served, resulting in 49 people being placed at an average wage of $20.35 /hour with a 100% retention rate at 90 days.

Operating model

Revenue model
Earned-program. 68% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 90
  • Accountability: 95
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.5%; rating input score 91
  • Program expense ratio: 92.7%; rating input score 93
  • Fundraising efficiency: $65.1 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.3%; rating input score 92; 41st percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.6%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 1.17; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0.67; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 1.8%; rating input score 59; 59th percentile among comparable filings

Growth

  • Program expense growth: 7.7% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 7.6% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 13.2% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 90.5% of revenue deployed · 92.7% of spending went to programs
  • Governance: 12 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $130.1M in reported program spending
  • Leadership: top reported pay $594K · 24 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $10M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Operating margin scored 55/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • Review — Sustainability: Officer compensation ratio scored 59/100.