NATIONAL WORK READINESS COUNCIL INC

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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

2008

Legal Domicile

Principal Officer

JOSEPH MIZERECK

Phone

8007610907

Tax Period

2019-01-01 to 2019-12-31

NATIONAL WORK READINESS COUNCIL INC, founded in 2008, is a micro nonprofit that reported $85K in total revenue in fiscal year 2019. Expenses of $81K left a modest 5% surplus.

Mission

PROMOTE AND PROVIDE BEST PRACTICE FOUNDATIONAL EMPLOYABILITY SKILLS TRAINING, TESTING AND CREDENTIALING SOLUTIONS.

Program Service Accomplishments

Program 1

Expenses: $80,601 Revenue: $85,000

IN STUDY AFTER STUDY, EMPLOYERS, LARGE AND SMALL, ACROSS ALL INDUSTRY SECTORS ARE CITING GAPS IN FOUNDATIONAL EMPLOYABILITY SKILLS INCLUDING COMMUNICATION, RELIABILITY AND TIME MANAGEMENT...

IN STUDY AFTER STUDY, EMPLOYERS, LARGE AND SMALL, ACROSS ALL INDUSTRY SECTORS ARE CITING GAPS IN FOUNDATIONAL EMPLOYABILITY SKILLS INCLUDING COMMUNICATION, RELIABILITY AND TIME MANAGEMENT, LEADERSHIP, AND PROBLEMSOLVING AS PRIMARY BARRIERS TO INDIVIDUAL, BUSINESS AND WHOLE COMMUNITY ECONOMIC GROWTH AND WELLBEING. IN 2019, THE NATIONAL WORK READINESS COUNCIL CONTINUED TO COLLABORATE WITH BUSINESS-INDUSTRY, EDUCATION AND WORKFORCE DEVELOPMENT STAKEHOLDERS ACROSS AMERICA TO RAISE AWARENESS OF THE ISSUE AND ADVANCE TRAINING, ASSESSMENT AND CREDENTIALING SOLUTIONS TO STRENGTHEN OUR NATION'S TALENT PIPELINE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $85,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $85,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,315

Fundraising Expenses $0

Program Expenses $80,601

Other Expenses $2,286

TOTAL EXPENSES $80,601

Year-over-Year Comparison

	2019	2018	Change
Revenue	$85,000	$85,491	0.0%
Expenses	$80,601	$78,328	+0.0%
Net Income	$4,399	$7,163	-0.4%

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

$36,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN A COLEMAN	DIRECTOR	1.00	Officer	$0	$0	$0
MIKE HUDSON	DIRECTOR	1.00	Officer	$0	$0	$0
LANCE DAVIS	DIRECTOR	1.00	Officer	$0	$0	$0
JOSEPH MIZERECK	EXECUTIVE DIRECTOR	20.00	Officer	$36,000	$0	$36,000

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
2019	$85,000	$80,601	$78,377	$4,399
2018	$85,491	$78,328	$53,728	$7,163