Month/Year of Graduation

5-2023

Degree Name

Bachelor of Science (B.S.)

Department

Accounting

First Advisor

Prof. Aaron P. Knape, JD, CPA, MBA

Abstract

Goodwill Industries International has clean financial health. They are liquid after COVID but plan to invest in different services directed at digital skills. They have no long-term debt, which frees up cash for services and can be considered a strength. Weaknesses in the financials directly attributable to COVID were: a cancellation of 2 million dollars’ worth of pledges in 2020, a decrease of 40 million dollars of program expense over two years, and a drop in investment return to 2.88%. Program expense ratio and Fund-Raising ratio are excellent at 91% and 2.2% respectively in 2021. Weaknesses I find are mostly in presentation form. Dollar units are not explicit, and the annual report is not clear on being a separate entity from the other industries. It was hard to discern the correct units for this project, as they are not listed in any of the financials.

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