CAREER RESOURCES INC

EIN: 061427945 501(c)(3) Employment

BRIDGEPORT, CT

Total Revenue
$18,836,579
Total Expenses
$16,940,950
Total Assets
$9,747,474
Net Assets
$5,719,039
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
CT
Principal Officer
SCOTT WILDERMAN
Phone
2033345627
Tax Period
2023-07-01 to 2024-06-30

CAREER RESOURCES INC, founded in 1995, is a mid-sized nonprofit in the Employment sector that reported $18.8M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $16.9M left a modest 10% surplus.

Mission

CAREER RESOURCES, INC. OFFERS JOBSEEKERS THROUGHOUT CONNECTICUT, THE TRAINING, SUPPORT AND RESOURCES NEEDED TO BECOME EMPLOYED AND SUCCEED IN THE WORKFORCE.

Program Service Accomplishments

Program 1
Expenses: $6,754,614 Revenue: $677,545

WORKFORCE DEVELOPMENT AMERICAN JOB CENTERS (AJC) AS THE AJC ONE STOP OPERATOR, CAREER RESOURCES INC. (CRI) MANAGES THE COORDINATED DELIVERY OF SERVICES FOR UNIVERSAL ACCESS THROUGH AJC ONE STOP...

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WORKFORCE DEVELOPMENT AMERICAN JOB CENTERS (AJC) AS THE AJC ONE STOP OPERATOR, CAREER RESOURCES INC. (CRI) MANAGES THE COORDINATED DELIVERY OF SERVICES FOR UNIVERSAL ACCESS THROUGH AJC ONE STOP CENTERS IN SOUTHWESTERN AND NORTHWESTERN CONNECTICUT. IN PARTNERSHIP WITH THE CT DEPARTMENT OF LABOR, CAREER RESOURCES PROVIDES COMPREHENSIVE EMPLOYMENT AND TRAINING SERVICES, RESULTING IN INCREASED EARNINGS FOR THE JOB SEEKER AND A COMPETITIVE, TRAINED WORKFORCE FOR THE BUSINESS COMMUNITY. JOB SEEKERS HAVE ACCESS TO A SINGLE POINT OF ENTRY TO A NETWORK OF WORKFORCE DEVELOPMENT SERVICES INCLUDING, BUT NOT LIMITED TO, CLASSROOM TRAINING, EDUCATION AND VOCATIONAL PROGRAMS, PROGRAM PARTNER SERVICES, COMPREHENSIVE CASE MANAGEMENT AND CAREER COUNSELING, AND INTEGRATED PROGRAMS SUCH AS THE WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) INDIVIDUAL TRAINING ACCOUNTS FOR IN-DEMAND OCCUPATIONAL SKILLS TRAINING. JOBS FIRST EMPLOYMENT PROGRAM (JFES) THE JFES PROGRAM PROVIDES EMPLOYMENT ASSESSMENT AND SERVICES, ASSISTANCE IN DEVELOPING AN INDIVIDUALIZED EMPLOYMENT PLAN, JOB SEARCH ASSISTANCE, VOCATIONAL EDUCATION, SUBSIDIZED EMPLOYMENT, ADULT BASIC EDUCATION AND/OR EMPLOYMENT RELATED SUPPORT SERVICES SUCH AS TRANSPORTATION AND CHILD CARE ASSISTANCE TO RECIPIENTS OF TEMPORARY FAMILY ASSISTANC (TFA). CRI OPERATES JFES PROGRAMS IN BRIDGEPORT AND WATERBURY. COLLECTIVELY THESE PROGRAMS SERVED OVER 5,000 JOB SEEKERS ANNUALLY.

Program 2
Expenses: $1,800,712 Revenue: $180,627

STRIVE IS A THREE WEEK, FULLTIME WORK READINESS TRAINING PROGRAM FEATURING A SERIES OF HIGHLY EFFECTIVE AND ENGAGING ATTITUDINAL WORKSHOPS IN A SIMULATED WORK ENVIRONMENT. TRAINING FOCUSES ON...

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STRIVE IS A THREE WEEK, FULLTIME WORK READINESS TRAINING PROGRAM FEATURING A SERIES OF HIGHLY EFFECTIVE AND ENGAGING ATTITUDINAL WORKSHOPS IN A SIMULATED WORK ENVIRONMENT. TRAINING FOCUSES ON DEVELOPING POSITIVE ATTITUDES AND WORK HABITS FOR SUCCESSFUL LONGTERM EMPLOYMENT. CAREER RESOURCES ASSUMED THE OPERATIONS OF STRIVE NEW HAVEN IN APRIL OF 2012, AND NOW OPERATES ALL FOUR STRIVE SITES IN BRIDGEPORT, HARTFORD, WATERBURY AND NEW HAVEN CONNECTICUT. STRIVE HAS HELPED TRAIN AND PLACE NEARLY 300 PARTICIPANTS LAST YEAR.

Program 3
Expenses: $4,877,615 Revenue: $489,266

REENTRY AND COMMUNITY RELEASE OPERATES THREE HOMES WITH A FORTY-FIVE BED CAPACITY (MALE). THE ORGANIZATION ALSO OPERATES ONE HOME WITH A FIFTEEN BED CAPACITY (FEMALE). THE ORGANIZATION PROVIDES...

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REENTRY AND COMMUNITY RELEASE OPERATES THREE HOMES WITH A FORTY-FIVE BED CAPACITY (MALE). THE ORGANIZATION ALSO OPERATES ONE HOME WITH A FIFTEEN BED CAPACITY (FEMALE). THE ORGANIZATION PROVIDES TREATMENT AND REHABILITATION SERVICES FOR THE MALE AND FEMALE RESIDENTS OF THE PROGRAM AND WORKS WITH LOCAL HUMAN SERVICES ORGANIZATIONS AND RELIGIOUS GROUPS IN PROVIDING THE BEST AVAILABLE SUPPORT AND SERVICES TO THE RESIDENTS. REENTRY EMPLOYMENT OPPORTUNITIES FEDERAL GRANT PASSED THROUGH THE WORKPLACE, INC. TO PROVIDE PRERELEASE CASE MANAGEMNT SERVICES TO PARTICIPANTS ENROLLED IN LINKING TO EMPLOYMENT ACTIVITIES PRERELEASE(LEAP) PROGRAM.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $17,323,661
Program Service Revenue $1,488,201
Investment Income $12,699
Other Revenue $12,018
TOTAL REVENUE $18,836,579

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,132,091
Fundraising Expenses $438,265
Program Expenses $14,956,061
Other Expenses $4,808,859
TOTAL EXPENSES $16,940,950

Year-over-Year Comparison

2023 2022 Change
Revenue $18,836,579 $15,845,681 +0.2%
Expenses $16,940,950 $13,239,542 +0.3%
Net Income $1,895,629 $2,606,139 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
22
Independent Members
22
Employees
222
Volunteers
15

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
6
$323,506
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT WILDERMAN PRESIDENT & CEO 40.00
Officer
$208,861 $54,014 $262,875
CHRISTOPHER LANDINO CHIEF DEVELOPMENT OFFICER 40.00
Highest
$174,971 $33,157 $208,128
ANGELA PELLEGRINO-GRANT CHIEF OPERATING OFFICER 40.00
Highest
$125,476 $31,014 $156,490
ROBERT PETRINI CHIEF FINANCIAL OFFICER 40.00
Officer
$60,631 $0 $60,631
ROBERT HEBERT CHIEF STRATEGIC OFFICER 40.00
Highest
$127,476 $53,216 $180,692
MICHAEL STAYMAN CHAIR 0.50
Officer Director
$0 $0 $0
CHRIS KUNHARDT VICE CHAIR 0.50
Officer Director
$0 $0 $0
SHERRY ALBERT SECRETARY 0.50
Officer Director
$0 $0 $0
KAM CHEUNG TREASURER 0.50
Officer Director
$0 $0 $0
JACK BANEY DIRECTOR 0.50
Director
$0 $0 $0
AMANDA BLANCO DIRECTOR 0.50
Director
$0 $0 $0
EARL BLOODWORTH DIRECTOR 0.50
Director
$0 $0 $0
JILL BRENNAN DIRECTOR 0.50
Director
$0 $0 $0
JALMAR DE DIOS DIRECTOR 0.50
Director
$0 $0 $0
ELIZABETH DUPONT DIRECTOR 0.50
Director
$0 $0 $0
CRYTAL ENGRAM DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL FINN DIRECTOR 0.50
Director
$0 $0 $0
ROBERT FRANCIS DIRECTOR 0.50
Director
$0 $0 $0
TONI HARP DIRECTOR 0.50
Director
$0 $0 $0
RJ MERCEDE DIRECTOR 0.50
Director
$0 $0 $0
MARK SOYCHER DIRECTOR 0.50
Director
$0 $0 $0
MARK THORSHEIM DIRECTOR 0.50
Director
$0 $0 $0
CHAD WILKINS DIRECTOR 0.50
Director
$0 $0 $0
GENEVIVE WALKER DIRECTOR 0.50
Director
$0 $0 $0
VICTOR FUDA DIRECTOR 0.50
Director
$0 $0 $0
CHARLES GRADY DIRECTOR UNTIL 12/2023 0.50
Director
$0 $0 $0
DAVID SCARAMOZZA DIRECTOR 0.50
Director
$0 $0 $0
ANTOINETTE GLENN DIRECTOR 0.50
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 No data No data No data No data
2024 $18,836,579 $16,940,950 $9,747,474 $1,895,629
2024 $18,836,579 $16,940,950 $9,747,474 $1,895,629
2023 $15,845,681 $13,239,542 $6,693,197 $2,606,139
2022 $9,544,012 $9,708,244 $3,329,042 $-164,232
2021 $9,748,024 $9,429,495 $2,865,735 $318,529
2020 $9,050,907 $8,991,621 $3,048,957 $59,286
2019 $8,044,761 $7,878,812 $2,021,747 $165,949
2018 $6,863,136 $6,755,655 $1,226,276 $107,481
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