Civic Intelligence

Goodwill Industries of New Mexico

EIN 85-0107916 • 501(c)3 • Albuquerque, NM

Profile

The mission of goodwill is to provide skills training, job development and social services for new mexicans. Our vision is that new mexicans will have the opportunity to improve their lives by utilizing our services and partnerships; goodwill is able to fulfill the mission and vision by offering free services through 11 comprehensive programs.

1030 18th Street NWAlbuquerque, NM 87104

www.goodwillnm.org

Siviq Scores

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

Liabilities / Assets

44th percentile

0.19x

Higher debt load relative to assets than 44% of similar nonprofits.

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

Liabilities / Revenue

54th percentile

0.39x

Higher debt load relative to revenue than 54% of similar nonprofits.

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

Net Margin

72nd percentile

16%

Higher net margin than 72% of similar nonprofits.

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

Top Officer Pay

43rd percentile

$315,672

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

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

Asset Growth

59th percentile

8.1%

Faster asset growth than 59% of similar nonprofits.

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

Revenue Growth

64th percentile

15%

Faster revenue growth than 64% of similar nonprofits.

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

Assets

Up

$77,605,526

Up $5,816,168 (+8.1%) from 2023

Liabilities

Down

$14,597,337

Down $171,803 (-1.2%) from 2023

Net Assets

Up

$63,008,189

Up $5,987,971 (+11%) from 2023

Revenue

Up

$37,464,157

Up $4,969,959 (+15%) from 2023

Expenses

Up

$31,476,186

Up $5,610,350 (+22%) from 2023

Net Income

Down

$5,987,971

Down $640,391 (-9.7%) from 2023

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $19,857,878Liabilities 2010: $2,391,935Net Assets 2010: $17,465,9432010Assets 2011: $24,308,395Liabilities 2011: $5,076,354Net Assets 2011: $19,232,0412011Assets 2012: $24,886,135Liabilities 2012: $3,717,340Net Assets 2012: $21,168,7952012Assets 2013: $26,292,643Liabilities 2013: $3,500,537Net Assets 2013: $22,792,1062013Assets 2014: $27,283,483Liabilities 2014: $4,963,034Net Assets 2014: $22,320,4492014Assets 2015: $28,657,535Liabilities 2015: $4,581,012Net Assets 2015: $24,076,5232015Assets 2016: $28,498,877Liabilities 2016: $4,307,333Net Assets 2016: $24,191,5442016Assets 2017: $31,837,719Liabilities 2017: $6,523,542Net Assets 2017: $25,314,1772017Assets 2018: $32,740,294Liabilities 2018: $5,446,587Net Assets 2018: $27,293,7072018Assets 2019: $33,374,914Liabilities 2019: $3,578,095Net Assets 2019: $29,796,8192019Assets 2020: $38,910,605Liabilities 2020: $5,347,572Net Assets 2020: $33,563,0332020Assets 2021: $43,991,609Liabilities 2021: $2,957,775Net Assets 2021: $41,033,8342021Assets 2022: $62,249,352Liabilities 2022: $11,857,496Net Assets 2022: $50,391,8562022Assets 2023: $71,789,358Liabilities 2023: $14,769,140Net Assets 2023: $57,020,2182023Assets 2024: $77,605,526Liabilities 2024: $14,597,337Net Assets 2024: $63,008,1892024

Highlighted filing

2024

Assets$77,605,526
Liabilities$14,597,337
Net Assets$63,008,189

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $16,184,7292010Revenue 2011: $17,863,705Expenses 2011: $16,042,311Net Income 2011: $1,821,3942011Expenses 2012: $17,638,3242012Revenue 2013: $19,647,827Expenses 2013: $18,086,665Net Income 2013: $1,561,1622013Revenue 2014: $18,590,770Expenses 2014: $19,087,365Net Income 2014: -$496,5952014Revenue 2015: $21,503,505Expenses 2015: $19,721,678Net Income 2015: $1,781,8272015Revenue 2016: $20,028,307Expenses 2016: $19,913,286Net Income 2016: $115,0212016Revenue 2017: $20,803,065Expenses 2017: $19,680,432Net Income 2017: $1,122,6332017Revenue 2018: $22,214,734Expenses 2018: $20,235,204Net Income 2018: $1,979,5302018Revenue 2019: $23,812,296Expenses 2019: $21,309,184Net Income 2019: $2,503,1122019Revenue 2020: $23,874,026Expenses 2020: $20,107,812Net Income 2020: $3,766,2142020Revenue 2021: $29,376,225Expenses 2021: $21,905,424Net Income 2021: $7,470,8012021Revenue 2022: $34,267,423Expenses 2022: $24,791,692Net Income 2022: $9,475,7312022Revenue 2023: $32,494,198Expenses 2023: $25,865,836Net Income 2023: $6,628,3622023Revenue 2024: $37,464,157Expenses 2024: $31,476,186Net Income 2024: $5,987,9712024

Highlighted filing

2024

Revenue$37,464,157
Expenses$31,476,186
Net Income$5,987,971

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$77.6$14.6$63.0$37.5$31.5$5.99
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.8$14.8$57.0$32.5$25.9$6.63
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$62.2$11.9$50.4$34.3$24.8$9.48
2021Detailed filing. Detailed filing data is available for this year.$44.0$2.96$41.0$29.4$21.9$7.47
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.9$5.35$33.6$23.9$20.1$3.77
2019Detailed filing. Detailed filing data is available for this year.$33.4$3.58$29.8$23.8$21.3$2.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.7$5.45$27.3$22.2$20.2$1.98
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.8$6.52$25.3$20.8$19.7$1.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.5$4.31$24.2$20.0$19.9$0.12
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.7$4.58$24.1$21.5$19.7$1.78
2014Detailed filing. Detailed filing data is available for this year.$27.3$4.96$22.3$18.6$19.1$0.50
2013Detailed filing. Detailed filing data is available for this year.$26.3$3.50$22.8$19.6$18.1$1.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.9$3.72$21.2$17.6
2011Summary only. Only limited summary data is available for this year.$24.3$5.08$19.2$17.9$16.0$1.82
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.9$2.39$17.5$16.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 30, 2025
Return Version
2024v5.0
Gross Receipts
$37,464,157
Mission and Program Overview

Mission

Goodwills mission is to provide skills training, job development and social services for new mexicans. Goodwill's vision is that new mexicans will have the opportunity to improve their lives by utilizing goodwill's services and partnerships. Goodwill is able to fulfull its mission and vision by offering free services through 10 comphrensive programs.

To provide skills training, job development, and social services for new mexicans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$27,585,210$34,173,182▲ $6,587,972
Savings and Temporary Cash Investments$18,039,344$22,728,481▲ $4,689,137
Cash and Non-Interest-Bearing Accounts$7,998,662--
Inventories for Sale or Use$4,383,741$5,586,881▲ $1,203,140
Accounts Receivable$214,536$829,832▲ $615,296
Prepaid Expenses and Deferred Charges$375,676$684,205▲ $308,529
Pledges and Grants Receivable$620,977$597,368▼ $23,609
Investments Other Securities$271,146--
Total Assets$71,789,358$77,605,526▲ $5,816,168
Other Assets Total$12,300,066$13,005,577▲ $705,511
Liabilities
Other Liabilities$12,268,495$12,203,488▼ $65,007
Accounts Payable and Accrued Expenses$1,364,256$1,535,968▲ $171,712
Mortgage Notes Payable Secured by Investment Property$1,122,654$849,566▼ $273,088
Deferred Revenue$13,735$8,315▼ $5,420
Total Liabilities$14,769,140$14,597,337▼ $171,803
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$57,020,218$63,008,189▲ $5,987,971
Total Net Assets Fund Balance$57,020,218$63,008,189▲ $5,987,971
Total Liabilities and Net Assets / Fund Balance$71,789,358$77,605,526▲ $5,816,168

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,941,419$14,556,950$35,498,369
Land$9,324,529-$9,324,529
Leasehold Improvements$2,338,548$5,432,845$7,771,393
Equipment$1,568,686$1,338,628$2,907,314
Other Assets Org$382,909--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shauna KastlePresident &FT$279,973$35,699$315,672
Shauna KastlePresident & CEO-$279,973$35,699$315,672
Thomas DowneyExecutive VPFT$192,264$17,301$209,565
Frank HollandCOOFT$162,714$3,627$166,341
Melissa Tracy StockCAOFT$143,007$5,006$148,013
Sesha J LeeChief Serv.FT$135,043$7,132$142,175

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,963,383
Program Service Revenue
$31,009,210
Investment Income
$1,131,572
Other Revenue
$359,992
All Other Contributions
$510,614
Change in Net Assets
$5,987,971

Audited Revenue Reconciliation

Revenue per Audited Statements
$37,464,157
Total Revenue per Audited Statements
$37,464,157
Total Revenue per Form 990
$37,464,157
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$18,123,033
Other Expenses$12,023,103
Grants and Similar Amounts Paid$1,330,050
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,250,863$1,740,576-$14,991,439
Occupancy$3,166,003$197,767-$3,363,770
Depreciation Depletion$2,018,972$382,022-$2,400,994
Office Expenses$1,921,285$302,035-$2,223,320
Payroll Taxes$1,362,342$137,552-$1,499,894
Grants to Domestic Individuals$1,330,050--$1,330,050
Current Officers, Directors, Trustees, and Key Employees$871,920$114,532-$986,452
Other Employee Benefits$461,923$150,164-$612,087
Fees for Services Other$39,289$435,304-$474,593
Travel$410,836$12,090-$422,926
Insurance$294,784$88,876-$383,660
All Other Expenses$325,034$24,664-$349,698
Advertising$8,896$263,968-$272,864
Conferences and Meetings$198,749$45,076-$243,825
Other Expenses$1,501$217,898-$219,399
Fees for Services Accounting$17,879$198,094-$215,973
Fees for Services Legal$3,480$38,553-$42,033
Pension Plan Contributions$29,311$3,850-$33,161
Interest$26,036--$26,036
Total Functional Expenses$26,848,809$4,627,377$0$31,476,186

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$31,476,186
Total Expenses per Audited Statements$31,476,186
Total Expenses per Form 990$31,476,186
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$12,203,488
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The ceo and evp perform a preliminary review of the form 990 then the final draft is presented and reviewed by the finance and audit committee who will recommend its approval to the board of directors. The tax return is then presented to the full board for review and approval prior to filing.

Form 990, Page 6, Part VI, Line 12C

Employees and board members are covered by the conflict of interest policy. The employee conflict of interest policy is posted on the organization's bulletin boards. Acknowledgement forms are given to all newly hired employees for signature. Board members receive the conflict of interest policy upon application and are required to sign annually. Determination of employee conflicts are made by the ceo. Determination of board conflicts are made by the board chair and executive committee. Annual disclosures are reviewed by the board and any conflicts are reviewed by the board chair and executive committee. If it is determined that a conflict of interest exists, the person involved is prohibited from voting on the governing body's deliberations and decisions in the transaction(s).

Form 990, Page 6, Part VI, Line 15A

Ginm has a written compensation policy. The policy requires the use of salary/compensatoin surveys, performance evaluation and online non-profit compensation surveys in determining compensation. Ginm has a corporate compliance liason that reports financial ethics and accountability policy violations under the aforementioned policy. The ceo's compensation is determined by the executive committee, which are all independent members of the board of directors. In that determination, the executive committee reviews salary and compensation surveys as well as the ceo's performance evaluations. Ginm maintains contemporaneous documentation and deliberation of the decision.

Form 990, Page 6, Part VI, Line 19

The organization provides the audited financial statements and the public inspection copy of form 990 to the new mexico attorney general's charitable organization division. The organization also makes the form 990, its governing documents, the conflict of interest policy, and the audited financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Goodwill Industries of New Mexico
EIN
85-0107916
Phone
5058816401
Address
1030 18TH STREET NW, ALBUQUERQUE, NM 87104

Signing Officer

Name
Shauna Kastle
Title
President & CEO
Phone
5058816401
Signed
2025-05-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shauna Kastle
Formed
1941
Legal Domicile
Nm
Voting Board Members
15
Independent Board Members
15
Employees
1,174

Preparer

Firm
Sjt Group LLC
Address
4811 HARDWARE DR NE SUITE E-4, ALBUQUERQUE, NM 87109
Preparer
Armando Sanchez
Phone
5053128702
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Goodwills mission is to provide skills training, job development and social services for new mexicans. Goodwill's vision is that new mexicans will have the opportunity to improve their lives by utilizing goodwill's services and partnerships.

Form 990, Page 2, Part III, Line 4A

During 2023, ginm served 21,538 individuals in these programs and placed 1,556 of those individuals into community-based employment. Ginm has retail stores and program staff in albuquerque, bernalillo, rio rancho, los lunas, santa fe, gallup, farmington, roswell, clovis, and espanola, at which donations of new or gently used items are accepted from the public. Donations are processed and sold in goodwill stores. Items not sold are recycled. Revenue from stores and recycling operations fund goodwill programs and services in all 33 counties of new mexico. Specific programs and services provided by ginm include the following: gateway to work designed for employers. Ginm assists in providing local companies with qualified, pre-screened candidates at no cost. The benefits to the employer are: they can source qualified candidates, they have discretion over hiring, they can attend interview events that bring business and candidates together, and participate in ginm sponsored career fairs. Goodjobs - designed to help people find long-term employment in the community that meets their needs, abilities, and interests. Program components include job search skills, resume' writing, interviewing techniques, employer expectations, post-employment retention skills, application assistance and support. Goodskills - comprehensive job readiness training, including hiring essentials (e.g., creating a resume', interviewing skills, and how to apply for jobs), life skills and computer basics (e.g., training in microsoft excel and microsoft word). Homeless veterans' reintegration program - focuses on placing homeless veterans in long-term employment and providing social services. Services provided include classroom training, job search activities, job preparation, subsidized trial employment, on-the-job training, job placement, placement follow-up services, vocational counseling, case management, and referrals. Senior community service employment program - provides low-income seniors 55+ with work experience and training to assist them in securing permanent community-based employment. In addition to subsidized training opportunities, the program provides job development and placement, job clubs, post-placement support, direct services to employers, and referrals. Supportive services for veteran families - helps stabilize housing for very-low-income veterans and their families who are homeless or at risk of homelessness. Under this program, ginm assists with move-in-costs, rent and past due rent, security deposits, moving/storage, utilities and past due utilities, utility deposits, childcare, emergency supplies, case management, community referrals, assistance with veterans affairs and other public benefits. Trialworks - temporary, paid training in retail skills and green skills (forklift operations, materials processing and retail). Participants are limited to veterans enrolled in our veterans family services program and homeless veterans reintegration program. This program provides job development, education and training, and job readiness skills. Veteran family services - a program specific to veterans and their family members that assist them in securing long-term community based employment while providing comprehensive case management services. Participants who enter the veteran family services program are provided with employment skills training and assigned to a case manager. They work with their case manager to discover which path they would like to take and what field of work they would like to join. From there, they may access other avenues offered by goodwill including goodskills and trialworks. Pa training - provides a two-day intensive introduction into pa production work. The class is taught by local assistant directors working on new mexican productions. Graduates of the program have the skills necessary to begin work on productions immediately. Next steps - provides support for common reentry challenges experienced by individuals return

Raw XML AppendixShowing 400 of 577 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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