CONSORTIUM FOR WORKER EDUCATION INC (EIN 133564313) - 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

1989

Legal Domicile

Principal Officer

MARCO A CARRION

Phone

2126471900

Tax Period

2024-01-01 to 2024-12-31

CONSORTIUM FOR WORKER EDUCATION INC, founded in 1989, is a mid-sized nonprofit in the Employment sector that reported $28.6M in total revenue in fiscal year 2024. Expenses of $27.4M left a modest 4% surplus.

Mission

TO PROVIDE EDUCATION AND RE-TRAINING TO DISLOCATED WORKERS

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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 $28,639,506

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $28,639,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,779,505

Fundraising Expenses $0

Program Expenses $22,205,597

Other Expenses $14,602,036

TOTAL EXPENSES $27,381,541

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,639,506	$27,203,507	+0.1%
Expenses	$27,381,541	$26,767,522	+0.0%
Net Income	$1,257,965	$435,985	+1.9%

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

198

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

$276,923

Total Directors

$546,027

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDGAR ROMNEY	CHAIRMAN	0.00	Officer Director	$0	$0	$0
GARY LABARBERA	VICE PRESIDENT	0.00	Director	$0	$0	$0
JAMES CONIGLIARO	TREASURER	0.00	Officer Director	$0	$0	$0
JOSEPH MCDERMOTT	PRESIDENT	40.00	Officer Director	$276,923	$0	$276,923
VINCENT ALVAREZ	VICE PRESIDENT	0.00	Director	$0	$0	$0
SANDI VITO	VICE PRESIDENT	0.00	Director	$0	$0	$0
KATHLEEN CULHANE	VICE PRESIDENT	0.00	Director	$0	$0	$0
JEREMY REISS	VICE PRESIDENT	0.00	Director	$0	$0	$0
AARON SHIFFMAN	VICE PRESIDENT	0.00	Director	$0	$0	$0
FLORENCE WONG	CHIEF FINANCIAL OFFICER	40.00	Director	$269,104	$0	$269,104
THOMAS GESUALDI	VICE PRESIDENT	0.00	Director	$0	$0	$0
PATRICIA WHITE	VICE PRESIDENT	0.00	Director	$0	$0	$0
STUART APPELBAUM	VICE PRESIDENT	0.00	Director	$0	$0	$0
JULIA KELLY	VICE PRESIDENT	0.00	Director	$0	$0	$0
DEBORA BUXTON	DEPUTY EXEC DIR EDU	40.00	Highest	$179,675	$0	$179,675
GLENDA WILLIAMS	ASSISTANT EXECUTIVE DIRECT	40.00	Highest	$182,341	$0	$182,341
BERNADETTE KELLY	VICE PRESIDENT	40.00	Highest	$260,490	$0	$260,490

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
2024	$28,639,506	$27,381,541	$23,024,727	$1,257,965
2023	$27,203,507	$26,767,522	$23,372,754	$435,985
2022	$30,292,102	$29,266,970	$24,251,989	$1,025,132
2021	$23,461,109	$25,814,682	$27,138,774	$-2,353,573
2020	$24,837,995	$23,428,454	$25,773,316	$1,409,541
2019	$24,036,486	$23,380,673	$11,211,081	$655,813
2018	$23,920,284	$23,367,883	$10,576,424	$552,401

CONSORTIUM FOR WORKER EDUCATION INC