JEmploymentEIN: 386113049· Ruling Year: 1966

Goodwill Industries Of Greater Grand Rapids Inc

Grandville, Michigan

B+Health Score
67B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 4 peers in Employment with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.47×
Peer Median4.74×
💰
$44.6M
Total Revenue
📊
$43.6M
Total Expenses
🏦
$20.3M
Net Assets
📋
$15.8M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+1.3%
Year-over-year change (2022 → 2023)
Net Margin
+2.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.47
Net assets divided by total expenses
Liabilities-to-Assets
43.7%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$44,613,1621%$43,552,4893%$36,132,51717%
2022$44,038,2343%$42,120,6267%$30,878,541104%
2021$45,452,51526%$39,259,54320%$15,128,23726%
2020$36,033,1911%$32,740,8238%$12,031,006109%
2019$36,322,2481%$35,514,6461%$5,769,7759%
2018$36,647,6793%$35,794,9124%$6,360,7741%
2017$35,463,8521%$37,268,4291%$6,415,18412%
2016$35,831,6984%$36,996,4134%$7,325,39149%
2015$34,288,844$35,503,8333%$14,493,7471%
2014$34,207,5193%$34,306,7624%$14,372,9205%
2013$33,209,1321%$32,867,3751%$15,176,2672%
2012$33,563,9338%$32,467,8196%$15,450,5122%
2011$31,047,651$30,563,378$15,203,615

Frequently Asked Questions

What does Goodwill Industries Of Greater Grand Rapids Inc do?

Goodwill Industries Of Greater Grand Rapids Inc is a employment nonprofit organization based in Michigan. It is classified under NTEE code J320 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Goodwill Industries Of Greater Grand Rapids Inc financially healthy?

Based on our 9-metric Financial Health Score model, Goodwill Industries Of Greater Grand Rapids Inc has a score of 67/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Goodwill Industries Of Greater Grand Rapids Inc generate?

Goodwill Industries Of Greater Grand Rapids Inc reports $45.7M in annual revenue and holds $36.6M in total assets, based on IRS filings.

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