WORKFORCE OUTSOURCE SERVICES INC dba WORKFORCE OPPORTUNITY SERVICES

EIN: 203684091 501(c)(3) Education

new york, NY

Total Revenue
$7,929,064
Total Expenses
$7,973,349
Total Assets
$8,235,152
Net Assets
$7,110,038
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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
2005
Legal Domicile
NY
Principal Officer
ARTHUR LANGER
Phone
2128702260
Tax Period
2024-10-01 to 2025-09-30

WORKFORCE OUTSOURCE SERVICES INC dba WORKFORCE OPPORTUNITY SERVICES, founded in 2005, is a community nonprofit in the Education sector that reported $7.9M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

Workforce Outsource Services, Inc. is a non-profit agency, organized October 24, 2005 to provide educational training, professional development and employment to communities including low income and veteran.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $514,853
Program Service Revenue $6,649,105
Investment Income $760,867
Other Revenue $4,239
TOTAL REVENUE $7,929,064

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,521,778
Fundraising Expenses $35,210
Program Expenses $7,044,796
Other Expenses $1,451,571
TOTAL EXPENSES $7,973,349

Year-over-Year Comparison

2024 2023 Change
Revenue $7,929,064 $11,057,890 -0.3%
Expenses $7,973,349 $12,220,633 -0.3%
Net Income $-44,285 $-1,162,743 -1.0%
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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Governance

Voting Members
6
Independent Members
6
Employees
182
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
3
$589,491
Total Directors
7
$589,491
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARTHUR LANGER Chairman 40.00
Officer Director
$325,524 $0 $325,524
PHILIP CURRY CFO & AO 40.00
Officer Director
$246,208 $17,759 $263,967
RUSSELL YORK VP CLIENT SVCS OP 40.00
$195,442 $0 $195,442
MICHAEL KEIZUR DIR EVENTS & CONF 40.00
$172,735 $0 $172,735
ADDIE RIMMER DIR STUDENT LEARNI 40.00
$156,637 $13,590 $170,227
Steven Petruk Marketing / Sales 40.00
$147,115 $0 $147,115
JOSE DANILO GUTIERREZ Sr. Dir. Client Se 40.00
$137,276 $8,880 $146,156
ROBERT FARINA Treasurer/Secre 2.00
Officer Director
$0 $0 $0
ROBERT KING Director 2.00
Director
$0 $0 $0
MICHAEL GARRETT Director 2.00
Director
$0 $0 $0
Cindy Jebb Director 2.00
Director
$0 $0 $0
CAMILLE BRYANT Director 2.00
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 $7,929,064 $7,973,349 $8,235,152 $-44,285
2024 $11,057,890 $12,220,633 $9,291,308 $-1,162,743
2023 $13,533,563 $14,426,066 $11,028,039 $-892,503
2022 $13,464,902 $12,839,629 $10,340,814 $625,273
2021 $11,249,685 $9,987,907 $9,636,377 $1,261,778
2020 $12,934,640 $12,764,499 $9,774,048 $170,141
2019 $15,129,978 $12,674,515 $12,231,340 $2,455,463
2018 $12,918,538 $12,535,446 $9,311,517 $383,092
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