Goodwill Vision Enterprises Inc
Goodwill Vision Enterprises Inc. shows consistent revenue and asset base, with recent operating loss but no reported officer compensation.
EIN: 160743906 · Rochester, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.3M |
| Total Expenses | $16.0M |
| Program Spending | 75% |
| Net Assets | $17.3M |
| Transparency Score | 80/100 |
Is Goodwill Vision Enterprises Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goodwill Vision Enterprises Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Goodwill Vision Enterprises Inc
Goodwill Vision Enterprises Inc (EIN: 160743906) is a nonprofit organization based in Rochester, NY. The organization reported total revenue of $23.3M and total assets of $38.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goodwill Vision Enterprises Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Goodwill Vision Enterprises Inc is a large nonprofit that has been operating for 73 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.3M |
| Total Expenses | $16.0M |
| Surplus / Deficit | $-700,344 |
| Total Assets | $41.0M |
| Total Liabilities | $23.7M |
| Net Assets | $17.3M |
| Operating Margin | -4.6% |
| Debt-to-Asset Ratio | 57.8% |
| Months of Reserves | 30.7 months |
Financial Health Grade: C
In 2023, Goodwill Vision Enterprises Inc reported a deficit of $700K with expenses exceeding revenue, holds 30.7 months of operating reserves (strong position), has a debt-to-asset ratio of 57.8% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Goodwill Vision Enterprises Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.6% | +18.2% | +6.8% |
| 2022 | +15.6% | +2.2% | +12.5% |
| 2021 | -28.7% | -18.0% | -26.8% |
| 2020 | -1.8% | -0.4% | -0.3% |
| 2019 | +8.5% | +6.0% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1953 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Goodwill Vision Enterprises Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Goodwill Vision Enterprises Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $700K, with expenses exceeding revenue.
- Debt-to-asset ratio: 57.8%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all 12 filings is highly unusual for an organization with annual revenues in the multi-millions. This either indicates that executive compensation is categorized differently within their expenses or that the organization is managed by unpaid volunteers, which would be a significant positive for donor confidence.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Goodwill Vision Enterprises Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency in reporting executive pay.
- Operating loss in the most recent fiscal period (202303), with expenses exceeding revenue by over $700,000.
Strengths
The following positive indicators were identified for Goodwill Vision Enterprises Inc:
- Long history of consistent IRS 990 filings (12 filings), indicating strong regulatory compliance and transparency.
- Substantial and stable asset base (ranging from $34M to $47M), providing financial stability.
- Consistent revenue generation over a decade, demonstrating operational resilience.
Frequently Asked Questions about Goodwill Vision Enterprises Inc
Is Goodwill Vision Enterprises Inc a legitimate charity?
Goodwill Vision Enterprises Inc (EIN: 160743906) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 12 years of IRS 990 filings on record. Total revenue: $23.3M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Goodwill Vision Enterprises Inc spend its money?
Goodwill Vision Enterprises Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Goodwill Vision Enterprises Inc tax-deductible?
Goodwill Vision Enterprises Inc is registered as a tax-exempt nonprofit (EIN: 160743906). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Goodwill Vision Enterprises Inc's spending goes to programs?
Goodwill Vision Enterprises Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Goodwill Vision Enterprises Inc located?
Goodwill Vision Enterprises Inc is headquartered in Rochester, New York and files with the IRS under EIN 160743906.
How many years of IRS 990 filings does Goodwill Vision Enterprises Inc have?
Goodwill Vision Enterprises Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $23.3M in total revenue.
How does Goodwill Vision Enterprises Inc. manage to report 0% officer compensation across all filings?
This is a critical question. It could mean executive compensation is reported under other expense categories, or the organization is run by unpaid volunteers. Further investigation into their detailed expense breakdown would be necessary to understand this.
What caused the operating loss in the 202303 period, where expenses ($16,012,507) exceeded revenue ($15,312,163)?
The specific reasons for the operating loss are not detailed in the provided summary data. It could be due to increased program costs, one-time investments, or a temporary dip in revenue. A deeper dive into their financial statements would be needed.
What is the NTEE code for Goodwill Vision Enterprises Inc. and how does it align with their reported activities?
The NTEE code is currently unknown. Identifying this code would help categorize the organization's primary mission and allow for better comparison with peer organizations in terms of financial metrics and efficiency.
Filing History
IRS 990 filing history for Goodwill Vision Enterprises Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Goodwill Vision Enterprises Inc's revenue has declined by 19.3%, moving from $19.0M to $15.3M. Total assets decreased by 1.5% over the same period, from $41.6M to $41.0M. Total functional expenses fell by 9.9%, from $17.8M to $16.0M. In its most recent filing year (2023), Goodwill Vision Enterprises Inc reported a deficit of $700K, with expenses exceeding revenue. The organization holds $23.7M in liabilities against $41.0M in assets (debt-to-asset ratio: 57.8%), resulting in net assets of $17.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.3M | $16.0M | $41.0M | $23.7M | — | View 990 |
| 2022 | $14.6M | $13.6M | $38.4M | $19.2M | — | View 990 |
| 2021 | $12.7M | $13.3M | $34.1M | $16.4M | — | View 990 |
| 2020 | $17.8M | $16.2M | $46.6M | $18.8M | — | View 990 |
| 2019 | $18.1M | $16.2M | $46.8M | $15.9M | — | View 990 |
| 2018 | $16.7M | $15.3M | $47.8M | $17.5M | — | View 990 |
| 2017 | $16.6M | $14.9M | $46.5M | $18.5M | — | View 990 |
| 2016 | $16.2M | $15.0M | $45.4M | $21.0M | — | View 990 |
| 2015 | $17.1M | $15.7M | $44.9M | $20.0M | — | View 990 |
| 2014 | $18.9M | $16.0M | $43.3M | $19.1M | — | View 990 |
| 2013 | $18.4M | $18.0M | $42.3M | $20.7M | — | View 990 |
| 2012 | $19.0M | $17.8M | $41.6M | $21.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.3M, expenses of $16.0M, and assets of $41.0M (revenue +4.6% year-over-year).
- 2022: Revenue of $14.6M, expenses of $13.6M, and assets of $38.4M (revenue +15.6% year-over-year).
- 2021: Revenue of $12.7M, expenses of $13.3M, and assets of $34.1M (revenue -28.7% year-over-year).
- 2020: Revenue of $17.8M, expenses of $16.2M, and assets of $46.6M (revenue -1.8% year-over-year).
- 2019: Revenue of $18.1M, expenses of $16.2M, and assets of $46.8M (revenue +8.5% year-over-year).
- 2018: Revenue of $16.7M, expenses of $15.3M, and assets of $47.8M (revenue +0.5% year-over-year).
- 2017: Revenue of $16.6M, expenses of $14.9M, and assets of $46.5M (revenue +2.1% year-over-year).
- 2016: Revenue of $16.2M, expenses of $15.0M, and assets of $45.4M (revenue -5.4% year-over-year).
- 2015: Revenue of $17.1M, expenses of $15.7M, and assets of $44.9M (revenue -9.5% year-over-year).
- 2014: Revenue of $18.9M, expenses of $16.0M, and assets of $43.3M (revenue +3.1% year-over-year).
- 2013: Revenue of $18.4M, expenses of $18.0M, and assets of $42.3M (revenue -3.1% year-over-year).
- 2012: Revenue of $19.0M, expenses of $17.8M, and assets of $41.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Goodwill Vision Enterprises Inc:
Data Sources and Methodology
This transparency report for Goodwill Vision Enterprises Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.