Civic Intelligence

Goodwill Industries of Fort Worth Inc

EIN 75-0868393 • 501(c)3 • Fort Worth, TX

Profile

The purpose of goodwill is to provide vocational rehabilitation services and opportunities for personal growth and independent living for people with handicaps, disabilities, and disadvantages. Through the use of recognized techniques of vocational rehabilitation, counseling, guidance, evaluation, training, employment, and networking with other community based organizations, goodwill seeks to assist these individuals with special needs to expand their vocational opportunities, occupational capabilities, and to achieve, in society, the fullest participation of which they are capable.

4200 Airport FrwyFort Worth, TX 76117

www.goodwillfortworth.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.64x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.80x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

43rd percentile

2.4%

Higher net margin than 43% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

76th percentile

$621,274

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

44th percentile

4.5%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

7.6%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$70,837,974

Up $3,040,061 (+4.5%) from 2023

Liabilities

Up

$45,163,914

Up $1,514,592 (+3.5%) from 2023

Net Assets

Up

$25,674,060

Up $1,525,469 (+6.3%) from 2023

Revenue

Up

$56,280,496

Up $3,966,453 (+7.6%) from 2023

Expenses

Up

$54,956,041

Up $2,155,654 (+4.1%) from 2023

Net Income

Up

$1,324,455

Up $1,810,799 (+372%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $31,528,104Liabilities 2010: $23,766,642Net Assets 2010: $7,761,4622010Assets 2011: $30,170,244Liabilities 2011: $23,782,252Net Assets 2011: $6,387,9922011Assets 2012: $30,756,183Liabilities 2012: $23,907,085Net Assets 2012: $6,849,0982012Assets 2013: $29,966,687Liabilities 2013: $23,323,979Net Assets 2013: $6,642,7082013Assets 2014: $33,773,098Liabilities 2014: $23,893,569Net Assets 2014: $9,879,5292014Assets 2015: $36,173,006Liabilities 2015: $24,687,048Net Assets 2015: $11,485,9582015Assets 2016: $36,174,231Liabilities 2016: $25,125,539Net Assets 2016: $11,048,6922016Assets 2017: $36,501,801Liabilities 2017: $25,732,068Net Assets 2017: $10,769,7332017Assets 2018: $40,068,559Liabilities 2018: $29,478,651Net Assets 2018: $10,589,9082018Assets 2019: $43,134,993Liabilities 2019: $29,514,673Net Assets 2019: $13,620,3202019Assets 2020: $54,657,260Liabilities 2020: $31,932,894Net Assets 2020: $22,724,3662020Assets 2021: $55,034,581Liabilities 2021: $31,921,043Net Assets 2021: $23,113,5382021Assets 2022: $69,460,412Liabilities 2022: $44,956,363Net Assets 2022: $24,504,0492022Assets 2023: $67,797,913Liabilities 2023: $43,649,322Net Assets 2023: $24,148,5912023Assets 2024: $70,837,974Liabilities 2024: $45,163,914Net Assets 2024: $25,674,0602024

Highlighted filing

2024

Assets$70,837,974
Liabilities$45,163,914
Net Assets$25,674,060

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $10,693,5362010Expenses 2011: $11,981,0132011Expenses 2012: $11,260,8892012Revenue 2013: $11,139,835Expenses 2013: $12,042,370Net Income 2013: -$902,5352013Revenue 2014: $33,723,647Expenses 2014: $30,407,389Net Income 2014: $3,316,2582014Revenue 2015: $32,658,339Expenses 2015: $31,174,392Net Income 2015: $1,483,9472015Revenue 2016: $33,295,617Expenses 2016: $33,995,573Net Income 2016: -$699,9562016Revenue 2017: $37,008,290Expenses 2017: $37,652,575Net Income 2017: -$644,2852017Revenue 2018: $38,826,319Expenses 2018: $38,966,910Net Income 2018: -$140,5912018Revenue 2019: $44,084,979Expenses 2019: $41,310,215Net Income 2019: $2,774,7642019Revenue 2020: $46,426,639Expenses 2020: $37,152,364Net Income 2020: $9,274,2752020Revenue 2021: $45,984,473Expenses 2021: $46,242,698Net Income 2021: -$258,2252021Revenue 2022: $48,689,864Expenses 2022: $47,897,860Net Income 2022: $792,0042022Revenue 2023: $52,314,043Expenses 2023: $52,800,387Net Income 2023: -$486,3442023Revenue 2024: $56,280,496Expenses 2024: $54,956,041Net Income 2024: $1,324,4552024

Highlighted filing

2024

Revenue$56,280,496
Expenses$54,956,041
Net Income$1,324,455

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$70.8$45.2$25.7$56.3$55.0$1.32
2023Summary only. Only limited summary data is available for this year.$67.8$43.6$24.1$52.3$52.8$0.49
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.5$45.0$24.5$48.7$47.9$0.79
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.0$31.9$23.1$46.0$46.2$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.7$31.9$22.7$46.4$37.2$9.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.1$29.5$13.6$44.1$41.3$2.77
2018Summary only. Only limited summary data is available for this year.$40.1$29.5$10.6$38.8$39.0$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.5$25.7$10.8$37.0$37.7$0.64
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.2$25.1$11.0$33.3$34.0$0.70
2015Detailed filing. Detailed filing data is available for this year.$36.2$24.7$11.5$32.7$31.2$1.48
2014Summary only. Only limited summary data is available for this year.$33.8$23.9$9.88$33.7$30.4$3.32
2013Detailed filing. Detailed filing data is available for this year.$30.0$23.3$6.64$11.1$12.0$0.90
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.8$23.9$6.85$11.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.2$23.8$6.39$12.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.5$23.8$7.76$10.7
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$50,078,578
Mission and Program Overview

Mission

The purpose of goodwill is to provide vocational rehabilitation services and opportunities for personal growth and independent living for people with handicaps, disabilities, and disadvantages. Through the use of recognized techniques of vocational rehabilitation, counseling, guidance, evaluation, training, employment, and networking with other community based organizations, goodwill seeks to assist these individuals with special needs to expand their vocational opportunities, occupational capabilities, and to achieve, in society, the fullest participation of which they are capable.

THE PURPOSE OF GOODWILL IS TO provide economically and environmentally sustainable programs to teach, train, employ, and empower people with disabilities and disadvantages.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$30,782,082$29,800,250▼ $981,832
Cash and Non-Interest-Bearing Accounts$17,842,584$13,359,170▼ $4,483,414
Other Notes and Loans Receivable, Net$0$6,563,500▲ $6,563,500
Inventories for Sale or Use$2,670,701$2,908,901▲ $238,200
Accounts Receivable$1,140,293$1,282,684▲ $142,391
Prepaid Expenses and Deferred Charges$900,352$529,271▼ $371,081
Pledges and Grants Receivable$0$375,000▲ $375,000
Investments in Publicly Traded Securities$0$250,000▲ $250,000
Savings and Temporary Cash Investments$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$55,034,581$69,460,412▲ $14,425,831
Other Assets Total$1,698,569$14,391,636▲ $12,693,067
Liabilities
Other Liabilities$16,046,218$29,868,923▲ $13,822,705
Tax Exempt Bond Liabilities$9,473,229$8,469,030▼ $1,004,199
Accounts Payable and Accrued Expenses$2,910,258$3,417,784▲ $507,526
Mortgage Notes Payable Secured by Investment Property$3,489,043$3,197,463▼ $291,580
Deferred Revenue$2,295$3,163▲ $868
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$31,921,043$44,956,363▲ $13,035,320
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$23,113,538$24,504,049▲ $1,390,511
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$23,113,538$24,504,049▲ $1,390,511
Total Liabilities and Net Assets / Fund Balance$55,034,581$69,460,412▲ $14,425,831

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,036,266$19,941,758$33,978,024
Equipment$4,627,133$6,573,912$11,201,045
Land$7,438,658-$7,438,658
Other Land Buildings$2,992,449$4,251,466$7,243,915
Leasehold Improvements$705,744$1,002,673$1,708,417
Other Assets Org$13,007,710--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David CoxPresident/CEOFT$611,094$61,759$672,853
Elizabeth Butler-MurphyVP - Human ResourcesFT$253,239$21,920$275,159
Kimberly CasarezCFOFT$247,376$4,895$252,271
Mark FishbackVP - OperationsFT$231,335$19,775$251,110
Rosemary CruzVP - Donated Goods/RetailFT$211,406$22,449$233,855
Romney GuyVP - Mission ServicesFT$185,688$19,995$205,683
Kimberly SmithVP - Gss/fbcFT$181,374$20,842$202,216
Mike HennigVP - Information SystemsFT$178,139$17,720$195,859
Shay JohnsonVP - Community EngagementFT$158,927$19,097$178,024

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Premiere Truck GroupTrucks1804 NE Loop 820, Fort Worth, TX 76106$306,340
4 RefuelFuel Management1900 ENCHANTED WAY STE 250, Grapevine, TX 76051$214,631
Be Safe Protective ServicesSecurityPO Box 79612, Fort Worth, TX 76197$132,872
Gulf EngineeringHVAC Maintenance12717 Welsh Walk, Fort Worth, TX 76244$123,138
Crown Quality RoofingConstruction2116 E Highway 377, Granbury, TX 76049$117,388
Revenue and Support

Revenue Composition

Contributions and Grants
$19,572,469
Program Service Revenue
$6,371,686
Investment Income
$172,792
Other Revenue
$22,572,917
All Other Contributions
$19,572,469
Change in Net Assets
$792,004

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$18,290,649Est. Selling Price
Total Noncash Contributions$18,290,649-

Audited Revenue Reconciliation

Revenue per Audited Statements
$48,689,864
Revenue Not Reported on Form 990
$8,022,217
Total Revenue per Audited Statements
$56,712,081
Total Revenue per Form 990
$48,689,864
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$30,569,446
Other Expenses$16,803,422
Grants and Similar Amounts Paid$524,992
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$21,848,754$2,450,316-$24,299,070
Occupancy$6,740,764$54,636-$6,795,400
Other Employee Benefits$2,674,283$308,016-$2,982,299
Depreciation Depletion$2,350,434$-3,184-$2,347,250
Office Expenses$2,088,801$47,767-$2,136,568
Payroll Taxes$1,934,785$154,170-$2,088,955
Interest$955,486$489,241-$1,444,727
Other Expenses$1,333,791$10,289-$1,333,791
Current Officers, Directors, Trustees, and Key Employees$1,078,203$120,919-$1,199,122
Travel$811,067$12,733-$823,800
Fees for Services Other$390,046$393,444-$783,490
Grants to Domestic Orgs$524,992--$524,992
Advertising$293,843$51,466-$345,309
Conferences and Meetings$95,995$28,141-$124,136
Total Functional Expenses$43,548,143$4,349,717$0$47,897,860

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$53,725,073
Expenses per Audited Statements$47,897,860
Total Expenses per Form 990$47,897,860
Expenses Not Reported on Form 990$5,827,213
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$377,982
Fundraising Direct Expenses$221,057
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$377,982$377,982$221,057$156,925
Total Events$377,982$377,982$221,057$156,925
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Goodwill Industrial Ser$15,916,918
Lease Liability$14,246,040
Cash Hedge Interest Payable$-294,035

Bond Issues

BondIssuerIssuedIssue PricePurpose
BWallis Cultural Education Facilities Finance Corp2007-04-13$10,000,000Construct Retail Thrift Stores
AHackberry Cultural Education Facilities Finance co2005-03-01$8,600,000Construct Retail thrift stores

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$10,000,000$0$2,796,160$200,000
A$8,600,000$0$7,334,840$44,644
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The Board of Directors have the opportunity to review the final draft of the Form 990, prior to filing, to provide questions & comments to the organization's management.

Form 990, Part VI, Section B, Line 12C

During the annual performance review process key employees acknowledge their understanding of the policy. The board signs a policy statement annually in January. If a conflict arises, the director with the conflict is required to disclose the conflict to the Chair of the Board of Directors or the President and Chief Executive Officer at the earliest possible time and to excuse himself or herself from all discussions and decisions related to the matter.

Form 990, Part VI, Section B, Line 15

The annual compensation of officers is determined by a compensation committee of the board of directors who use annual salary surveys for comparison purposes.

Form 990, Part VI, Section C, Line 19

The organization provides its governing documents, conflict of interest policy, & financial information to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Goodwill Industries of Fort Worth Inc
EIN
75-0868393
In Care Of
% ACCOUNTING DEPARTMENT
Phone
8173327866
Address
4200 Airport Frwy, Fort Worth, TX 76117

Signing Officer

Name
Kimberly Casarez
Title
CFO
Phone
8173327866
Signed
2023-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Casarez
Formed
1949
Legal Domicile
TX
Voting Board Members
19
Independent Board Members
19
Employees
1,767
Volunteers
2,005

Preparer

Firm
Bdo USA
Address
301 Commerce Street Suite 2000, Fort Worth, TX 76102
Preparer
Jamie Eversole
Phone
8177382400
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Interest Rate SWAP Valuation $ 882,555. Unrealized Change in Charitable Trust < $ 284,047. > ---------------- Total $ 598,508.

Financial Statement Notes

Part XI, Line 2D

Unrealized Change in Charitable Trust < $ 284,046. > Special Event Expenses $ 221,453. Revenue from Goodwill Industrial Services of FtW $ 4,043,954. Revenue from Goodwill Airport Freeway $ 525,299. Revenue from Goodwill Industries of FtW Foundation $ 8,529,870. Interest Rate SWAP $ 882,555. Change in temporarily restricted net assets < $ 97,899. > --------------- Total $ 13,821,186.

Part XII, Line 2D

Special Event Expenses $ 221,453. Expenses from Goodwill Industrial Services of FtW $ 3,169,568. Expenses from Goodwill Industries of FtW Foundation $ 2,395,973. Expenses from Goodwill Airport Freeway $ 40,219. ---------------- Total $ 5,827,213.

Part X, Line 2

Goodwill Industries of Fort Worth, Inc., Goodwill Industrial Services of Fort Worth, Inc. and Goodwill Industries of Fort Worth Foundation, Inc. are nonprofit corporations exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. In addition, Goodwill has been determined by the Internal Revenue Service not to be a "private foundation" within the meaning of Section 509(a) of the Code. Under Accounting Standards Codification (ASC) topic Accounting for Uncertainty in Income Taxes Goodwill recognizes the tax benefit associated with tax positions taken for tax return purposes when it is more-likely-than-not that the position will be sustained. Goodwill does not believe there are any unrecognized tax benefits that should be recorded in 2022 or 2021. For the years ended December 31, 2022 and 2021, there were no interest or penalties recorded or included in the consolidated statement of activities related to taxes. Goodwill is still open to examination by taxing authorities from 2019 forward.

Raw XML AppendixShowing 400 of 974 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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