Goodwill Industries of South Texas Inc

What it reported doing in 2024

Mission services: south Texas has historically grappled with high rates of poverty and unemployment. Goodwill, a leading force in job training programs, firmly believes in the transformative power of work. Beyond the tangible benefits of earning a paycheck, work instills self-confidence, fosters friendships, cultivates independence, and restores dignity and trust. Through this, we're enriching the south Texas communities we proudly serve. A universal barrier that individuals who approach goodwill face is the absence of marketable job skills. By offering training in foundational digital abilities and by aiding in job placement and retention, we help individuals with disabilities and other disadvantages either enter or re- integrate into the workforce. Our approach is holistic - we aim to align the unique skills, interests, and work preferences of our program participants with the needs of local employers. Many whom we serve are ex- offenders, striving to rebuild their lives. To support them, we've pioneered resume workshops in both county jails and federal prisons. These workshops not only equip them with essential skills but also link them with resources outside the prison walls to bolster their chances of employment. In 2024, our mission services division extended its outreach by providing free job training, employment placement, and other vital support services to 4,532 individuals in the south Texas region. We also modernized our approach with the "let's get back to work" initiative, aiming to serve our participants virtually. Strategically located across our 20-county service domain, our five job connections centers achieved a remarkable feat - securing stable employment for 352 program graduates. This success has amplified community demand for our workforce development services, as our achievements in placing those who've faced severe employment challenges become increasingly evident. We placed 74% of participants enrolled in placement services earning an average of 12.74 per hour. Our stores, donation stations, and business services also serve as crucial pillars supporting our mission, with 20% of those completing our programs employed at goodwill south Texas. Our community services don't end there. In 2024, we offered free income tax assistance to 844 individuals and families (with incomes below 60,000) through the volunteer income tax assistance (vita) program, facilitated community service restitution for 113 individuals, and provided clothing vouchers to 719 recipients. Funding for these indispensable human services arises from various sources - fees for services from referring agencies, revenue from our contract services and retail operations (including e-commerce), and the benevolent financial contributions of individual donors and businesses. Goodwill south Texas continuously strives to innovate, deepening our community engagement, raising awareness of our mission, and fostering increased public support. While we value and maintain our grassroots efforts, we're actively expanding our digital footprint. You can discover more about our work and impact by visiting our website at goodwillsouthtexas.com. We also encourage you to engage with us on social media platforms including facebook, instagram, linkedin, and youtube.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 94.3%; rating input score 94
• Fundraising efficiency: $149.94 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • 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: 100%; rating input score 100; 66th 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: 5.8%; rating input score 56; 56th percentile among comparable filings
• Total-asset coverage ratio: 1.59; rating input score 53; 53rd percentile among comparable filings
• Liabilities to assets ratio: 0.85; rating input score 12; 12th percentile among comparable filings
• Officer compensation ratio: 4.6%; rating input score 54; 54th percentile among comparable filings

Growth

• Program expense growth: 8.4% per year; rating input score 100; 64th percentile among comparable filings
• Revenue growth: 9.2% per year; rating input score 100; 71st percentile among comparable filings
• Asset growth: 23% per year; rating input score 100; 92nd percentile among comparable filings