Workforce Development Services Inc (EIN 050556067) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Phone

2198820033

Tax Period

2024-07-01 to 2025-06-30

Workforce Development Services Inc, founded in 2003, is a small nonprofit in the Employment sector that reported $340K in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum.

Mission

Workforce Development Services, Inc.sAssists in meeting training and employment needs of workers and employers in Northwest Indiana.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $346,222

Program Service Revenue $0

Investment Income $0

Other Revenue $-5,865

TOTAL REVENUE $340,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,488

Fundraising Expenses $54,214

Program Expenses $252,999

Other Expenses $356,939

TOTAL EXPENSES $361,427

Year-over-Year Comparison

	2024	2023	Change
Revenue	$340,357	$168,269	+1.0%
Expenses	$361,427	$268,545	+0.3%
Net Income	$-21,070	$-100,276	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Denise Comer-Dillard	PresidentCEO	40.00	Officer Director	$0	$0	$0
Michael Spiccia	Vice President	1.00	Officer Director	$0	$0	$0
David Waxton	Secretary	1.00	Officer Director	$0	$0	$0
Alyce Butles	Board Member	1.00	Director	$0	$0	$0
Walter Watkins	Board Member	1.00	Director	$0	$0	$0
Octavia Matthews	Board Member	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$340,357	$361,427	$24,191	$-21,070

Workforce Development Services Inc