CAPITAL WORKFORCE PARTNERS INC (EIN 061013293) - 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

1979

Legal Domicile

Principal Officer

ALEX JOHNSON

Phone

8605221111

Tax Period

2024-07-01 to 2025-06-30

CAPITAL WORKFORCE PARTNERS INC, founded in 1979, is a mid-sized nonprofit in the Employment sector that reported $28.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

CAPITAL WORKFORCE PARTNERS IS A REGIONAL WORKFORCE INVESTMENT BOARD SERVING 37 MUNICIPALITIES IN NORTH CENTRAL CONNECTICUT. THE BOARD COORDINATES COMPREHENSIVE PROGRAMS FOR JOB SEEKING & EMPLOYER, AND ITS MISSION IS TO LEVERAGE PUBLIC AND PRIVATE RESOURCES TO PRODUCE SKILLED WORKERS FOR A COMPETITIVE REGIONAL ECONOMY.

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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 $28,229,277

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $28,229,277

Expense Breakdown

Grants Paid $16,614,437

Salaries & Benefits $5,132,567

Fundraising Expenses $0

Program Expenses $26,093,226

Other Expenses $6,341,375

TOTAL EXPENSES $28,088,379

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,229,277	$25,725,459	+0.1%
Expenses	$28,088,379	$26,023,914	+0.1%
Net Income	$140,898	$-298,455	-1.5%

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

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

$432,563

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX JOHNSON	PRESIDENT/CE	40.00	Officer	$224,549	$20,806	$245,355
KIMBERLY STALEY	VP/ CHIEF OF	40.00	Officer	$36,472	$0	$36,472
JAMES BOUCHER	CHIEF STRAT	40.00	Highest	$157,511	$17,499	$175,010
JULIE WATSON	ACCOUNTABILI	40.00	Highest	$138,458	$16,202	$154,660
RICHARD MCGEARY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JENNIFER DIBELLA	VICE CHAIR	0.50	Officer Director	$0	$0	$0
FIONA MOHRING	VICE CHAIR	0.50	Officer Director	$0	$0	$0
PHILLIP MONTGOMERY	SECRETARY	0.50	Officer Director	$0	$0	$0
STEPHEN VAUGHAN	TREASURER	0.50	Officer Director	$0	$0	$0
TODD ANDREWS	MEMBER	0.50	Director	$0	$0	$0
DAVID BEBER	MEMBER	0.50	Director	$0	$0	$0
KEITH GRANT	MEMBER	0.50	Director	$0	$0	$0
MATT HART	MEMBER	0.50	Director	$0	$0	$0
DENIS HORRIGAN	MEMBER	0.50	Director	$0	$0	$0
ANDREW KOMAROW	MEMBER	0.50	Director	$0	$0	$0
TOM MONGELLOW	MEMBER	0.50	Director	$0	$0	$0
FERNANDO MUNIZ	MEMBER	0.50	Director	$0	$0	$0
JOHN NIMMONS	MEMBER	0.50	Director	$0	$0	$0
TRACY NIXON-MOORE	MEMBER	0.50	Director	$0	$0	$0
MELISSA OTIS	MEMBER	0.50	Director	$0	$0	$0
MARCY REED	MEMBER	0.50	Director	$0	$0	$0
URVASHI SHAH	MEMBER	0.50	Director	$0	$0	$0
ROB STEINMETZ	MEMBER	0.50	Director	$0	$0	$0
VINNIE VALENTE	MEMBER	0.50	Director	$0	$0	$0
SUSAN WHITE	MEMBER	0.50	Director	$0	$0	$0
MARYAM BITAR	MEMBER	0.50	Director	$0	$0	$0
KRYSTAL KELLY	MEMBER	0.50	Director	$0	$0	$0
SANDY REIS	MEMBER	0.50	Director	$0	$0	$0
DAN WEINER	MEMBER	0.50	Director	$0	$0	$0
SANDY MACKIE	CHIEF PROG.	40.00	Highest	$126,685	$19,065	$145,750
TRACY BECKLEY	CFO	40.00	Officer	$143,203	$7,533	$150,736
DANIEL GAREWSKI	MGR SP PROG	40.00	Highest	$102,039	$6,994	$109,033

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	$28,229,277	$28,088,379	$7,854,333	$140,898
2024	$25,725,459	$26,023,914	$8,806,963	$-298,455
2023	$24,002,076	$23,781,569	$8,640,162	$220,507
2022	$22,563,228	$22,821,507	$4,088,567	$-258,279
2022	$22,563,228	$21,654,643	$4,088,567	$908,585
2021	$22,085,213	$22,110,516	$3,681,949	$-25,303
2020	$19,543,412	$19,847,682	$4,088,820	$-304,270
2019	$19,006,541	$18,562,561	$3,092,056	$443,980

CAPITAL WORKFORCE PARTNERS INC