WORKFORCE INC (EIN 141892402) - 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

Principal Officer

GREGG KEESLING

Phone

3175321367

Tax Period

2024-07-01 to 2025-06-30

WORKFORCE INC, founded in 2003, is a mid-sized nonprofit in the Employment sector that reported $10.7M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 15% operating margin.

Mission

TO STRENGTHEN CENTRAL INDIANA COMMUNITIES BY HELPING LOCAL EMPLOYERS BUILD A BETTER WORKFORCE.

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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 $5,987,537

Program Service Revenue $3,786,636

Investment Income $833,394

Other Revenue $120,000

TOTAL REVENUE $10,727,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,786,557

Fundraising Expenses $470,025

Program Expenses $6,867,644

Other Expenses $4,297,093

TOTAL EXPENSES $9,083,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,727,567	$8,755,062	+0.2%
Expenses	$9,083,650	$8,197,723	+0.1%
Net Income	$1,643,917	$557,339	+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

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

$155,876

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT MONTROSS	BOARD MEMBER	0.00	Director	$0	$0	$0
ROBERT SMITH	BOARD MEMBER	0.00	Director	$0	$0	$0
GARY MEYER	BOARD MEMBER	0.00	Director	$0	$0	$0
THOMAS ORR	BOARD MEMBER	0.00	Director	$0	$0	$0
REV CHARLES NEAL	BOARD MEMBER	0.00	Director	$0	$0	$0
TAMMY ROBINSON	BOARD MEMBER	0.00	Director	$0	$0	$0
ANGELA CARR KLITZSCH	BOARD MEMBER	0.00	Director	$0	$0	$0
SUE HYATT	BOARD MEMBER	0.00	Director	$0	$0	$0
COURTNEY HALBERT	BOARD MEMBER	0.00	Director	$0	$0	$0
GREGG KEESLING	PRESIDENT	40.00	Officer	$0	$0	$155,876
JON KESSEN	TREASURER	0.00	Officer	$0	$0	$0
TIM BROWN	BOARD CHAIR	0.00	Officer	$0	$0	$0
JUDGE PATRICIA RILEY	VICE CHAIR	0.00	Officer	$0	$0	$0
RACHEL HICKEY	SECRETARY	0.00	Officer	$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	$10,727,567	$9,083,650	$21,762,671	$1,643,917
2024	$8,755,062	$8,197,723	$19,883,540	$557,339
2023	$14,159,486	$8,523,659	$19,342,777	$5,635,827
2022	$10,288,561	$6,793,299	$13,620,782	$3,495,262
2021	$5,357,050	$3,842,963	$3,363,985	$1,514,087
2020	$2,849,431	$2,692,906	$1,754,138	$156,525
2019	$2,156,932	$2,061,143	$1,445,894	$95,789
2018	$1,942,372	$2,689,969	$926,313	$-747,597

WORKFORCE INC