Goodwill Manufacturing Inc
Nonprofit profile at a glance
- EIN
- 352531359
- IRS 990 coverage
- 2017–2025
- Forms available
- Form 990 2025, Form 990-N 2015
- Location
- Milwaukee, WI, USA
- Phone
- 4148474200
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Employment Procurement Assistance
Reported finances
- Revenue
- $786,183
- Expenses
- $780,537
- Assets
- $297,192
- Liabilities
- $40,634,501
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JACQUELINE HALLBERG (PRESIDENT & CEO)
Highest reported compensation
- JACQUELINE HALLBERG (PRESIDENT & CEO): $1,250,045 total reported compensation
- JEFFREY DOCALAVICH (CFO/ASST. TREASURER): $777,870 total reported compensation
- BASIL BUCHKO (FORMER ASST. SECRETARY): $170,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Goodwill manufacturing, inc. ("goodwill manufacturing") is a nonstock, not-for-profit Wisconsin corporation, whose sole member is goodwill industries of southeastern Wisconsin, inc. ("goodwill"), a Wisconsin nonstock, not-for-profit corporation with (see schedule o)
What it reported doing in 2025
Goodwill manufacturing operations creates employment opportunities for local residents, many with disabilities or disadvantages.goodwill also operates a recycling program in racine processing over 4,300 tons of material. The recycling operations provide work opportunities and skill development for individuals with disabilities and disadvantages/other barriers to employment.
Operating model
- Revenue model
- Earned-program. 100% 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 60
- Accountability: 91
- Sustainability: 21
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93%; rating input score 93
- Program expense ratio: 95.5%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.7%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.38; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 136.73; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: 83.6%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: -14.6% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: -15.9% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -29.4% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 93% of revenue deployed · 95.5% of spending went to programs
- Governance: 6 of 6 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $746K in reported program spending
- Leadership: top reported pay $1.3M · 9 people listed · 0 of 6 pay-setting controls reported
- Consistency: 22 of 22 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 9 filing years from 2017 to 2025
- Contacts: How to reach this organization
- Related organizations: 3 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 0/100.
- High — Sustainability: Officer compensation ratio scored 0/100.