Goodwill Industries of Southern New Jersey & Philadelphia
Nonprofit profile at a glance
- EIN
- 210681239
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Maple Shade, NJ, USA
- Phone
- 8564390200
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Services
Reported finances
- Revenue
- $71,212,543
- Expenses
- $72,550,301
- Assets
- $76,273,000
- Liabilities
- $56,933,640
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- Mark Boyd (President)
Highest reported compensation
- Mark Boyd (President): $567,685 total reported compensation
- Michael Shaw (Chief Operating Officer): $368,218 total reported compensation
- Stephen Castro (Chief Financial Officer): $342,852 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See Attached
What it reported doing in 2024
Training and placement services that prepare people with disabilities or disadvantaging conditions for competitive community employment or transitional sheltered employment. We are committed to increasing these individuals vocational opportunities and occupational capabilities so that they may realize their full potential and achieve greater independence and self esteem. To accomplish this goal, we create partnerships with local businesses and industries in order to provide higher caliber timely services which continue to keep pace with changing labor market trends and economic conditions.
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- 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 most voting board members are independent. The filing does not identify recipients for some grant dollars and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 60
- Accountability: 100
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 93.5%; rating input score 93
- Fundraising efficiency: $173.34 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 21st percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: -1.9%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 1.05; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0.75; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 1.8%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 9.2% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: 8.7% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 15% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 93.5% of spending went to programs
- Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $67.8M in reported program spending
- Leadership: top reported pay $568K · 17 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $115K reported
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes grants and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Sustainability: Operating margin scored 19/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.