GOODWILL INDUSTRIES OF NORTHERN MICHIGAN INC

TRAVERSE CITY, MI, 49684-4713 (231) 922-4805 Est. 1972 EIN 38-1976268

J32Z— Employment Form 990 501(c)(3)

WWW.GOODWILLNMI.ORG

Mission

WE BRING FOOD TO NEIGHBORS, HELP VULNERABLE PEOPLE FIND HOME, AND PROVIDE EMPOWERING EMPLOYMENT THROUGH OUR COMMUNITY-SUPPORTED SOCIAL ENTERPRISE AND COLLABORATIVE PARTNERSHIPS.THE 2023 990 WAS FOR 10/1-12/31/23 DUE TO AN ACCOUNTING PERIOD CHANGE.

Financials

Total Revenue

$25,764,076

Total Expenses

$24,140,467

Net Assets

$23,147,612

427 employees 227 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

11.5 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 306.2%

Expenses ↑ 347.2%

Revenue Sources

Contributions 41.3% Earned revenue 57.6% Investment 1.1%

Expense Breakdown

Program 88.3% Management 10.0% Fundraising 1.7%

Officers & Key Employees (17)

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Grants Received (99)

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Filing History (8 filings)

Year	Revenue	Expenses	Net Assets
2024 Form 990	$25,764,076 ↑	$24,140,467	$23,147,612
2023 Form 990	$6,342,648 ↓	$5,397,548	$21,201,626
2022 Form 990	$20,250,193 ↓	$20,461,703	$20,607,974
2021 Form 990	$21,849,253 ↓	$19,875,669	$20,443,774
2020 Form 990	$24,892,827 ↑	$17,533,943	$19,656,680
2019 Form 990	$16,090,181 ↑	$14,784,692	$12,208,761
2018 Form 990	$15,585,730 ↑	$14,967,663	$10,975,123
2017 Form 990	$14,120,312	$13,328,163	$10,305,823