Goodwill Kentucky

What it reported doing in 2025

Goodwill industries of Kentucky, inc. Senior community employment service program (scsep) through a national department of labor (dol) grant is designed to link low-income, older workers to on-the-job training that can help them move into paid employment. Through scsep, goodwill matches eligible individuals age 55 and older with nonprofits or public agencies for on-the-job training in a professional work environment, paid by the scsep program. The scsep program served 353 individuals, made 25 full-time job placements, 29 part-time job placements, while paying over $991,200 in wages. The cars to work program helps individuals obtain affordable transportation to achieve and maintain employment. Participants receive financial counseling and guidance to help them properly budget for and maintain their vehicle. Upon program completion, participants are eligible for down payment assistance and a loan through a dealer partner which is collateralized by goodwill. Loan interest is reimbursed to participants successfully making all payments at the end of the loan term. Families are also enriched by access to transportation as clients' children may be able to participate in after-school activities, perhaps for the first time. In addition, clients have the opportunity to build their credit rating and improve their credit score. During 2025, 50 vehicles and $40,000 in down payment assistance and $12,521 interest payment reimbursements were provided. In addition to vehicles, the cars to work - last mile to work program repairs and provides bicycles to participants with transportation barriers. The last mile to work program provided 428 bicycles to participants. Goodwill's excel center is a tuition free high school that gives adults ages 18-64 a second chance to earn a high school diploma. The excel center offers support services such as on-site childcare, transportation assistance, college credit, and industry-recognized certification courses. Through access to additional goodwill programs such as employment and disability services, a justice-involved reentry program, and services for first-time mothers, the excel center is able to help remove barriers to education and empower individuals to achieve their goals.

Financial Efficiency

• Mission deployment rate: 85.7%; rating input score 86
• Program expense ratio: 87.9%; rating input score 88
• Fundraising efficiency: $107.85 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.7%; rating input score 95; 31st percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 99.4%; rating input score 99; 47th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 65th 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: 2.8%; rating input score 46; 46th percentile among comparable filings
• Total-asset coverage ratio: 1.87; rating input score 45; 45th percentile among comparable filings
• Liabilities to assets ratio: 0.28; rating input score 60; 60th percentile among comparable filings
• Officer compensation ratio: 1.9%; rating input score 64; 64th percentile among comparable filings

Growth

• Program expense growth: 13.1% per year; rating input score 100; 79th percentile among comparable filings
• Revenue growth: 12.3% per year; rating input score 100; 81st percentile among comparable filings
• Asset growth: 6.3% per year; rating input score 100; 45th percentile among comparable filings