FULFILLING DREAMS - Tacoma Goodwill

Financial Highlights 2011
Statement of financial position
ASSETS
Cash and Cash Equivalents $8,712,609
Accounts Receivable and Pledges $2,408,709
Inventories $9,259,252
Investments and Other Assets $3,316,659
Land, Building and Equipment (NET) $55,114,348
TOTAL ASSETS $78,811,577
LIABILITIES AND NET ASSETS
Accounts Payable $1,842,434
Accrued Payroll and Other Liabilities $4,314,472
Long Term Liabilities $29,182,938
Interest Swap $2,276,465
Total Liabilities $37,616,309
Total Net Assets $41,195,268
TOTAL LIABILITIES AND NET ASSETS $78,811,577
Operating Activities
Statement of unrestricted activities
REVENUES
Workforce Development $6,738,150
Retail Operations $50,964,497
Commercial Services $984,614
Managed Real Estate $536,325
Contributions and Miscellaneous $1,305,759
TOTAL REVENUE $60,529,345
EXPENSES
Workforce Development Services $9,656,337
Retail Program $43,304,970
Commercial Services $951,405
Managed Real Estate $287,217
Fundraising $456,518
Management and General $4,174,472
TOTAL EXPENSES $58,830,919
CHANGE IN NET ASSETS FROM OPERATING ACTIVITIES $1,698,426
Investing in Goodwill’s Mission
Over 90% of Goodwill expenses are dedicated
to mission services.
92% Programs & Services
Overhead (Management & Fundraising) 8%
Operating Revenue Growth
2007-2011 ($Million)
2007 2008 2009 2010 2011
The accounting firm Clark Nuber has audited the financial statements in accordance with auditing standards generally accepted in the U.S. The audit received an unqualified opinion.
$40.3
$43.6
$48.3
$55.1
$60.5