Goodwill Industries, Inc. Comparative Income Statement Feb16 Year to Date Variance/ Variance Variance Variance/ Last Year from Budget Actual INCOME Actual from Budget Last Year (5,847) (6,678) 1,471,935 Sales 2,973,173 (190,835) (149,109) (51,650) (25,339) 67,183 Commercial Contracts 131,650 (47,379) (92,205) (82,652) 34,828 345,665 Federal Contract Revenue 675,629 47,513 (138,364) 24,714 63,927 387,848 Employment & Training 657,045 39,454 (38,952) 46,906 13,849 52,173 Investment and Misc. Income 91,758 15,110 84,933 (4,854) 6,829 6,829 ContributionsUnrestricted 24,919 24,919 9,711 Unrealized Invest Gain/(Loss) (10,000) (20,833) ContributionsTemp Restricted (41,667) (10,000) (5,500) Capital Gains (5,500) (88,883) 66,583 2,331,633 Total Income 4,554,174 (152,885) (339,486) EXPENSE 85,128 135,983 1,337,079 People 2,831,990 195,064 294,119 57,591 (10,809) 548,614 Facilities and Equipment 1,124,038 (22,545) 48,346 (5,440) 9,224 17,517 Public Relations & Advertising 38,309 22,393 3,013 1,263 205 11,742 NISH Contract Fees 22,964 1,177 4,737 (222) (2,746) 13,747 GII Dues 27,272 (4,407) (4,217) 39,085 10,701 167,225 Supplies 325,716 38,866 104,536 3,434 6,615 12,828 Travel & Seminar 18,272 14,472 8,664 (61,744) (67,137) 190,508 Miscellaneous 263,553 (20,307) (4,404) 39,999 Performance Incentives 79,998 159,094 82,036 2,299,260 Total Expenses INCOME BEFORE CONTRIBUTIONS 4,652,114 224,713 534,792 32,373 Net Operating Gain/(Loss) (97,940) 70,211 148,619 32,373 Net Total Gain/(Loss) (97,940) 71,828 195,306
Goodwill Industries, Inc. Comparative Balance Sheet February 29, 2016 ASSETS CURRENT ASSETS 2016 2015 Variance % Change Cash 752,901 283,068 469,833 165.98 % Cash Access Bank 56,733 6,715 50,018 744.87 % Accounts Receivable Trade 1,360,966 1,311,190 49,776 3.80 % Accounts Receivable Internal 8,019 15,312 (7,293) (47.63) % Accounts Receivable Pledges 21,881 30,006 (8,125) (27.08) % Prepaid Expenses 955,983 966,640 (10,657) (1.10) % New Goods Inventory 85,046 32,913 52,133 158.40 % Inventory 413,339 442,501 (29,162) (6.59) % TOTAL CURRENT ASSETS 3,654,868 3,088,345 566,523 18.34 % FIXED ASSETS Furniture and Fixtures 1,973,683 1,933,929 39,754 2.06 % Production Equipment 6,499,249 6,287,962 211,287 3.36 % Transportation Equipment 1,137,950 1,066,743 71,207 6.68 % Buildings and Improvements 35,543,754 35,377,367 166,387 0.47 % Leasehold Improvements 1,170,776 1,170,776 0.00 % Land 8,071,673 8,071,673 0.00 % Less Accumulated Depreciation (14,622,997) (12,914,577) (1,708,420) 13.23 % TOTAL FIXED ASSETS 39,774,088 40,993,873 (1,219,785) (2.98) % OTHER LONG TERM ASSETS UBS (Piper Jaffray) 209,645 206,907 2,738 1.32 % Vanguard Investment Services, Inc. Endowment 236,568 236,648 (80) (0.03) % Vanguard Investment Services, Inc. General 2,792,720 2,782,279 10,441 0.38 % Beneficial Interest in Assets Held at Omaha Community Foundation 62,601 62,601 0.00 % Company Owned Life Insurance 746,061 746,061 0.00 % Company Owned Mutual Funds N/A % TOTAL LONG TERM ASSETS 4,047,595 4,034,496 13,099 0.32 % TOTAL ASSETS 47,476,551 48,116,714 (640,163) (1.33) % LIABILITIES and NET ASSETS LIABILITIES Accounts Payable Trade 573,003 628,960 (55,957) (8.90) % Accrued Payroll and Taxes 1,979,030 1,621,105 357,925 22.08 % NISH Commissions Payable 17,795 27,132 (9,337) (34.41) % Mortgage Note Payable 19,322,313 20,121,114 (798,801) (3.97) % Bonds Payable 906,596 995,118 (88,522) (8.90) % Heatlh Insurance Reserve Liability 241,574 179,891 61,683 34.29 Contingent Liability 738,571 962,787 (224,216) (23.29) % Deferred Revenue Other (1,182) (1,182) 0.00 % TOTAL LIABILITIES 23,777,700 24,536,107 (758,407) (3.09) % NET ASSETS Unrestricted Funds End of Prior Year 17,850,674 18,161,479 (310,805) (1.71) % YTD Gain/(Loss) (30,661) (259,491) 228,830 (88.18) % Unrestricted Funds Current Balance 17,820,013 17,901,988 (81,975) (0.46) % Temporarily Restricted Funds End of Prior Year 5,853,247 5,619,509 233,738 4.16 % YTD Gain/(Loss) (67,278) (33,759) (33,519) 99.29 % Temporarily Restricted Funds Current Balance 5,785,969 5,585,750 200,219 3.58 % Permanently Restricted Funds End of Prior Year 92,869 92,869 0.00 % YTD Gain/(Loss) 0.00 % Endowment Fund (Permanently Restricted) Current Balance 92,869 92,869 0.00 % TOTAL NET ASSETS 23,698,851 23,580,607 118,244 0.50 % TOTAL LIABILITIES and NET ASSETS 47,476,551 48,116,714 (640,163) (1.33) %
. Goodwill Industries, Inc. FINANCIAL POSITION EFFICIENCY MEASURES 2/29/2016 BENCHMARKS ACTUAL RECOM'D RATIO 2016 2015 NORM MEDIAN OPTIMUM MINIMUM BUDGET 1 QUICK 1.41 0.46 2.66 1.94 15.29 1.00 2 CASH vs CURRENT LIABILITIES 0.32 0.11 1.48 1.64 9.00 N/A 3 CASH vs CURRENT ASSETS (%) 22.15% 9.48% N/A N/A N/A N/A 4 CURRENT 1.42 1.21 3.15 2.39 5.67 1.50 5 FUND BALANCE (0.00) (0.01) 0.75 0.67 0.94 0.60 6 TOT REVENUE vs TOT ASSETS 0.10 0.61 1.17 1.53 3.39 N/A 7 RETURN ON ASSETS (%) 0.2% 3.6% 6.30% 7.20% N/A 4% to 8% 8 RETURN ON FIXED ASSETS (%) 0.2% 4.3% 8.40% 10.90% N/A N/A 9 RETAIL OPS EXP vs REV (%) 84.4% 86.0% N/A 76.00% N/A N/A 80.5% 10 NISH EXP vs REV (%) 97.0% 92.6% N/A 80.00% N/A N/A 93.3% 11 EMP & TRAINING EXP vs REV (%) 106.4% 100.1% N/A 85.00% N/A N/A 104.1% 12 SUPPORT EXP vs TOTAL REV (%) 12.4% 17.3% N/A 12.80% N/A N/A 13.9% 13 PEOPLE COST EXP vs REV (%) 62.2% 64.0% N/A 65.00% N/A N/A 58.4% 14 TOTAL EXPENSE VS TOTAL REVENUE 102.2% 106.2% 90.1% 95.10% 89.4% N/A 97.4% 1. Unrestricted dollars of cash and near cash assets, available to pay each dollar of accounts payable. 2. Unrestricted dollars of cash and near cash assets, available to pay each dollar of current liabilities. 3. Percentage of total unrestricted current assets represented by cash and near cash assets. 4. Unrestricted current assets available to pay each dollare of current liabilities. 5. Proportion of unrestricted assets that are owned free and clear. 6. Dollars of current year to date revenue (annualized), excluding capital campaign contributions, per dollar of investment. 7. Net operating profit year to date (annualized), as a percentage of total investment. 8. Net operating profit year to date (annualized), as a percentage of fixed investment. 9 to12. Designates profitability of the department. (year to date) 13. Measures burden of the overhead department. (year to date) 14. Salaries/wages plus all related people expense as a percentage of total revenue. (year to date)
GOODWILL INDUSTRIES A/R AGING ANALYSIS February 29, 2016 ACCOUNT CURRENT 130 3160 61120 OVER 120 TOTAL SALVAGE 0.00 0.00 0.00 0.00 0.00 0.00 DELL RECYCLING 0.00 4,379.90 4,606.34 2,562.12 0.00 11,548.36 VOUCHERS 98.42 0.00 0.00 0.00 0.00 98.42 REPACK 24,316.79 21,431.43 13,738.79 6,571.55 80.75 66,139.31 ZORINSKY 51,403.03 0.00 0.00 0.00 0.00 51,403.03 OFFUTT 136,247.69 136,247.69 37,421.44 0.00 0.00 309,916.82 POSTAL #1 14,835.51 14,835.51 0.00 0.00 0.00 29,671.02 POSTAL #2 (BITC) 21,572.45 21,572.45 0.00 0.00 0.00 43,144.90 DENNEY 50,450.79 0.00 0.00 0.00 0.00 50,450.79 VA 0.00 0.00 0.00 0.00 1,322.00 1,322.00 VA GRAND ISLAND 0.00 0.00 0.00 0.00 565.00 565.00 VA LAUNDRY 0.00 0.00 0.00 0.00 0.00 0.00 OTHER CONTRACTS 31,217.20 30,042.35 22,955.50 0.00 0.00 84,215.05 GROUNDS MAINTENANCE 6,043.95 0.00 0.00 0.00 0.00 6,043.95 SNOW REMOVAL 63,964.73 12,225.00 0.00 0.00 0.00 76,189.73 SSAS 1,926.00 0.00 0.00 0.00 0.00 1,926.00 AMERICORPS 4,734.07 4,936.51 0.00 0.00 0.00 9,670.58 YOUTHBUILD DOL 7,246.17 0.00 0.00 0.00 0.00 7,246.17 CUSTOMER CONNECT 0.00 0.00 0.00 0.00 0.00 0.00 RESCARE 0.00 0.00 0.00 0.00 0.00 0.00 RESTART 47,219.96 27,326.93 0.00 0.00 0.00 74,546.89 WIA 240,785.98 9,311.61 21,831.06 11,013.05 17,638.46 300,580.16 GOODHIRE 40,076.25 33,377.62 0.00 0.00 0.00 73,453.87 WORK EXPERIENCE 74,989.00 64,534.00 29,274.00 0.00 0.00 168,797.00 OTHER E&T 80.45 0.00 0.00 0.00 0.00 80.45 CAPITAL CAMPAIGN BILLED 0.00 0.00 0.00 0.00 0.00 0.00 CAPITAL CAMPAIGN NOT BILLED 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 817,208.44 380,221.00 129,827.13 20,146.72 19,606.21 $1,367,009.50 PERCENT 59.8% 27.8% 9.5% 1.5% 1.4% 100.0%
GOODWILL INDUSTRIES, INC. OMAHA, NEBRASKA CALCULATION OF UNREALIZED GAIN/(LOSS) FY 2016 AS OF AS OF AS OF 1/1/2016 1/31/2016 2/29/2016 CORPORATE BONDS UBS BOOK VALUE 204,469.15 209,645.40 209,645.90 MARKET VALUE 204,469.15 209,170.60 208,835.40 UNREALIZED GAIN (LOSS) (474.80) (810.50) CHANGE FM PRIOR MONTH 4,701.45 (335.70) SHORT TERM BOND FUND VANGUARD BOOK VALUE 332,458.22 332,458.22 332,458.22 MARKET VALUE 332,458.22 335,385.39 336,061.83 UNREALIZED GAIN (LOSS) 2,927.17 3,603.61 CHANGE FM PRIOR MONTH 2,927.17 676.44 INTERMEDIATE TERM BOND FUND VANGUARD BOOK VALUE 765,561.06 765,561.06 765,561.06 MARKET VALUE 765,561.06 780,241.40 788,020.09 UNREALIZED GAIN (LOSS) 14,680.34 22,459.03 CHANGE FM PRIOR MONTH 14,680.34 7,778.69 GENERAL INVEST VANGUARD BOOK VALUE 1,694,700.77 1,694,700.77 1,694,700.77 MARKET VALUE 1,694,700.77 1,599,027.04 1,595,277.36 UNREALIZED GAIN (LOSS) (95,673.73) (99,423.41) CHANGE FM PRIOR MONTH (95,673.73) (3,749.68) ENDOWMENT VANGUARD BOOK VALUE 236,568.22 236,568.22 236,568.22 MARKET VALUE 236,568.22 223,212.84 222,689.42 UNREALIZED GAIN (LOSS) (13,355.38) (13,878.80) CHANGE FM PRIOR MONTH (13,355.38) (523.42) GRAND TOTAL BOOK VALUE 3,233,757.42 3,238,933.67 3,238,934.17 MARKET VALUE 3,233,757.42 3,147,037.27 3,150,884.10 UNREALIZED GAIN (LOSS) (91,896.40) (88,050.07) CHANGE FM PRIOR MONTH (86,720.15) 3,846.33 ASSET ALLOCATION GOAL PERCENT INVESTED IN EQUITIES 60.0% 57.90% 57.70% PERCENT INVESTED IN FIXED INCOME 40.0% 42.10% 42.30% TOTAL 100.0% 100.0% 100.0% 3/8/2016