Goodwill of Colorado
Nonprofit profile at a glance
- EIN
- 840513404
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Jun 2026
- Forms available
- Form 990 2024
- Location
- Colorado Springs, CO, United States
- Phone
- (719) 635-4483; (303) 650-7700
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Goodwill Industries
Reported finances
- Revenue
- $183,439,925
- Expenses
- $162,454,925
- Assets
- $283,455,355
- Liabilities
- $87,252,416
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
45 people listed
Executive titles in this filing
- Karla Grazier (President/CEO)
Highest reported compensation
- Karla Grazier (President/CEO): $685,733 total reported compensation
- Tim Cooper (COO - Chief Oper. Officer): $315,618 total reported compensation
- Thomas Wildenberg (CFO): $282,095 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We transform people’s lives—helping people overcome barriers to economic and personal independence through education, training, and job placement. Our Monument store is more than just a retail location; it’s a hub of community engagement and support. Discover how this store, just like our 47 other stores and outlets across the state, creates job opportunities for Coloradans, and contributes to our mission of transforming lives. Kevin Woodley Kevin was entrenched in illegal activity and became incarcerated. He vowed to turn his life around and make his life story one of “tragedy to triumph.” The ReHire program and a network of support helped him do just that.
What it reported doing in 2024
In 2024, goodwill of Colorado, in partnership with goodwill industrial services corporation (EIN#84-1273701), provided meaningful and gainful employment to over 200 individuals with developmental and economic challenges through its self-sustaining business enterprises comprised of laundry, janitorial, and fleet maintenance services. Goodwill of Colorado and goodwill industrial services corporation (EIN#84-1273701) customers included military bases, government facilities, hospitality organizations, health care agencies, educational institutions, and private businesses. Together, these two organizations ensure these employees receive sustained employment, job training and support to ensure their vocational and person success.
Operating model
- Revenue model
- Donor-supported. 71% 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 the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 95
- Accountability: 96
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 90.7%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- 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: Yes; rating input score 100
Accountability
- Independent voting board: 94.3%; rating input score 94; 46th 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: 11.4%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 1.74; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.31; rating input score 55; 55th percentile among comparable filings
- Officer compensation ratio: 1.7%; rating input score 62; 62nd percentile among comparable filings
Growth
- Program expense growth: 16.2% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 14.8% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 16.3% per year; rating input score 100; 88th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 100% of revenue deployed · 90.7% of spending went to programs
- Governance: 33 of 35 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $147.3M in reported program spending
- Leadership: top reported pay $686K · 45 people listed · 5 of 6 pay-setting controls reported
- Consistency: 37 of 37 current checks pass
- Schedules: 10 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- 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.
- 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.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- Review — Sustainability: Liabilities to assets ratio scored 55/100.