THE WORKPLACE INC

EIN: 222484517 501(c)(3) Employment

BRIDGEPORT, CT

Total Revenue
$39,487,648
Total Expenses
$39,369,194
Total Assets
$10,621,183
Net Assets
$802,425
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
CT
Principal Officer
JOE CARBONE
Phone
2036108508
Tax Period
2024-07-01 to 2025-06-30

THE WORKPLACE INC, founded in 1983, is a mid-sized nonprofit in the Employment sector that reported $39.5M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION PROVIDES JOB TRAINING, PLACEMENT, AND COUNSELING FOR DISLOCATED AND ECONOMICALLY DISADVANTAGED INDIVIDUALS IN THE BRIDGEPORT, NORWALK, STAMFORD AND VALLEY LABOR MARKET AREAS.

Program Service Accomplishments

Program 1
Expenses: $26,967,991 Revenue: $137,701

ADULT JOB TRAINING - TOTAL OF 16,840 CUSTOMERS SERVED AT SOUTHWESTERN CT WORKS JOB CENTERS; 195 WIOA ADULT PARTICIPANTS ASSIGNED INDIVIDUAL TRAINING ACCOUNTS. AMERICAN JOB CENTERS CONTRACTS. THE...

Read more

ADULT JOB TRAINING - TOTAL OF 16,840 CUSTOMERS SERVED AT SOUTHWESTERN CT WORKS JOB CENTERS; 195 WIOA ADULT PARTICIPANTS ASSIGNED INDIVIDUAL TRAINING ACCOUNTS. AMERICAN JOB CENTERS CONTRACTS. THE ORGANIZATION HAS BEEN ENGAGED BY LOCAL WORKFORCE DEVELOPMENT BOARDS (WDB) IN OTHER STATES TO BE THEIR ONE-STOP OPERATOR AND SERVICE PROVIDER. CURRENTLY, THE ORGANIZATION IS PROVIDING SERVICES TO WIB'S IN THE STATES OF NEW YORK, VIRGINIA, AND RHODE ISLAND THROUGH VARIOUS GRANTS AND CONTRACTS.

Program 2
Expenses: $3,946,792 Revenue: $78,558

DISLOCATED WORKERS - TOTAL OF 8,295 CUSTOMERS SERVED AT SOUTHWESTERN CT JOB WORKS JOB CENTERS; 65 WIOA DISLOCATED PARTCIPANTS ASSIGNED INDIVIDUAL TRAINING ACCOUNTS. AMERICAN JOB CENTERS CONTRACTS...

Read more

DISLOCATED WORKERS - TOTAL OF 8,295 CUSTOMERS SERVED AT SOUTHWESTERN CT JOB WORKS JOB CENTERS; 65 WIOA DISLOCATED PARTCIPANTS ASSIGNED INDIVIDUAL TRAINING ACCOUNTS. AMERICAN JOB CENTERS CONTRACTS. THE ORGANIZATION HAS BEEN ENGAGED BY LOCAL WORKFORCE DEVFELOPMENT BOARDS (WDB) IN OTHER STATES TO BE THEIR ONE-STOP OPERATOR AND SERVICE PROVIDER. CURRENTLY, THE ORGANIZATION IS PROVIDING SERVICES TO WIB'S IN THE STATES OF NEW YORK, VIRGINIA, AND RHODE ISLAND THROUGH VARIOUS GRANTS AND CONTRACTS.

Program 3
Expenses: $3,885,514

YOUTH PROGRAMS - THROUGH THE CAREERHUB, WE OFFER SKILLS TRAINING AS WELL AS JOB SEARCH AND PLACEMENT SERVICES. OUR TEAM WILL PROVIDE TOOLS TO HELP YOUNG ADULTS STAY COMPETITIVE IN THE WORKFORCE AND...

Read more

YOUTH PROGRAMS - THROUGH THE CAREERHUB, WE OFFER SKILLS TRAINING AS WELL AS JOB SEARCH AND PLACEMENT SERVICES. OUR TEAM WILL PROVIDE TOOLS TO HELP YOUNG ADULTS STAY COMPETITIVE IN THE WORKFORCE AND THE INSIGHT AND CONFIDENCE NEEDED TO IMPRESS POTENTIAL EMPLOYERS. YOUNG ADULTS BETWEEN THE AGES OF 16 TO 24 RECEIVE ASSISTANCE WITH CHOOSING AND PREPARING FOR A CAREER THEY CAN BE PROUD OF. THE CAREERHUB HAS A STAFF OF KNOWLEDGEABLE WORKFORCE SPECIALISTS WHO CAN HELP EACH YOUNG PERSON DISCOVER THEIR CAREER INTEREST AND WORK TOWARD ATTAINING THE SKILLS NEEDED TO GAIN EMPLOYMENT. EVERY PARTICIPANT RECEIVES INDIVIDUALIZED ATTENTION AS SERVICES CAN BE TAILORED TO MEET EACH PERSON'S NEEDS AND GOALS. YOUNG ADULTS UP TO AGE 24 LIVING THROUGHOUT SOUTHWESTERN CONNECTICUT CAN APPLY TO PARTICIPATE IN TRAINING PROGRAMS FUNDED BY THE WORKPLACE. SUBJECT TO ELIGIBILITY CRITERIA AND FUNDING AVAILABILITY. THE WORKPLACE IS DEDICATED TO HELPING YOUNG ADULTS BECOME VALUABLE AND SELF-RELIANT MEMBERS OF THE COMMUNITY BY OFFERING SKILLS TRAINING, AS WELL AS JOB SEARCH AND PLACEMENT SERVICES. SERVICES OFFERED INCLUDE, BUT ARE NOT LIMITED TO: CAREER COACHING OCCUPATIONAL TRAINING GED EXAM ASSISTANCE JOB SEARCH ASSISTANCE LIFE MANAGEMENT TRAINING ENTREPRENEURIAL/ADMINISTRATIVE SKILLS COMPREHENSIVE COUNSELING AND GUIDANCE RESUME WRITING LITERACY SUPPORT OCCUPATIONAL ACCESS/TRAINING: CONSTRUCTION HEALTHCARE HOSPITALITY SERVICES MANUFACTURING CUSTOMER SERVICE CDL LICENSING PAID INTERNSHIPS AND MORE

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $39,263,199
Program Service Revenue $216,289
Investment Income $8,160
Other Revenue $0
TOTAL REVENUE $39,487,648

Expense Breakdown

Grants Paid $19,013,673
Salaries & Benefits $11,886,258
Fundraising Expenses $145,502
Program Expenses $36,055,115
Other Expenses $8,469,263
TOTAL EXPENSES $39,369,194

Year-over-Year Comparison

2024 2023 Change
Revenue $39,487,648 $39,400,507 +0.0%
Expenses $39,369,194 $39,471,518 0.0%
Net Income $118,454 $-71,011 -2.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
37
Independent Members
37
Employees
1621
Volunteers
37

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
2
$612,757
Total Directors
37
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YECENIA ACOSTA BOARD MEMBER 14.00
Director
$0 $0 $0
FRANK ALVARADO BOARD MEMBER 14.00
Director
$0 $0 $0
GEORGE ANDERSON BOARD MEMBER 14.00
Director
$0 $0 $0
PABLO COLON BOARD MEMBER 14.00
Director
$0 $0 $0
JILLIAN BALDWIN BOARD MEMBER 14.00
Director
$0 $0 $0
MARY BURGARD BOARD MEMBER 14.00
Director
$0 $0 $0
BING CARBONE BOARD MEMBER 14.00
Director
$0 $0 $0
HEATHER CAVANAGH BOARD MEMBER 14.00
Director
$0 $0 $0
THOMAS COLEY BOARD MEMBER 14.00
Director
$0 $0 $0
JULIE DEMARCO BOARD MEMBER 14.00
Director
$0 $0 $0
MONETTE FERGUSON BOARD MEMBER 14.00
Director
$0 $0 $0
TERRENCE FLOYD BOARD MEMBER 14.00
Director
$0 $0 $0
VICTOR FUDA BOARD MEMBER 14.00
Director
$0 $0 $0
FRED GILL BOARD MEMBER 14.00
Director
$0 $0 $0
LINDY LEE GOLD BOARD MEMBER 14.00
Director
$0 $0 $0
BRADLEY HARDY BOARD MEMBER 14.00
Director
$0 $0 $0
MEGHAN HOPKINS BOARD MEMBER 14.00
Director
$0 $0 $0
JUVENEL LEVROS BOARD MEMBER 14.00
Director
$0 $0 $0
JOHN LOESER BOARD MEMBER 14.00
Director
$0 $0 $0
JIM LOHR BOARD MEMBER 14.00
Director
$0 $0 $0
SABRINA MANCINI BOARD MEMBER 14.00
Director
$0 $0 $0
WILLIAM MCBRIDE BOARD MEMBER 14.00
Director
$0 $0 $0
MATTHEW MCSPENDON BOARD MEMBER 14.00
Director
$0 $0 $0
STEPHEN MORONEY BOARD MEMBER 14.00
Director
$0 $0 $0
JIM ODDO BOARD MEMBER 14.00
Director
$0 $0 $0
ROBERT OMARA BOARD MEMBER 14.00
Director
$0 $0 $0
WIN OPPEL BOARD MEMBER 14.00
Director
$0 $0 $0
MIKE PROTO BOARD MEMBER 14.00
Director
$0 $0 $0
CINDY RAFAEL BOARD MEMBER 14.00
Director
$0 $0 $0
LONI RICHARDS BOARD MEMBER 14.00
Director
$0 $0 $0
NICOLE RUSSO BOARD MEMBER 14.00
Director
$0 $0 $0
LARRY SAFFRAN BOARD MEMBER 14.00
Director
$0 $0 $0
MATTHEW SEEBECK BOARD MEMBER 14.00
Director
$0 $0 $0
BRUCE SILVERSTONE BOARD MEMBER 14.00
Director
$0 $0 $0
THOMAS SPORTINI BOARD MEMBER 14.00
Director
$0 $0 $0
BRIAN TRUINI BOARD MEMBER 14.00
Director
$0 $0 $0
DENNIS YAREMICH BOARD MEMBER 14.00
Director
$0 $0 $0
JOSEPH CARBONE PRESIDENT & CEO 35.00
Officer
$342,032 $30,532 $372,564
FRANCESCA ROMANO CHIEF FINANCIAL OFFICER 35.00
Officer
$173,008 $67,185 $240,193
ADRIENNE PARKMOND CHIEF OPERATING OFFICER 35.00
Highest
$313,606 $46,746 $360,352
TOM LONG SR VP OF COMMUNICATIONS & 35.00
Highest
$190,008 $55,178 $245,186
MICHAEL MCCARTHY VICE PRESIDENT HUMAN RESOU 35.00
Highest
$169,950 $18,182 $188,132
MICHAEL MORGAN VP OF BUSINESS MANAGEMENT 35.00
Highest
$132,820 $12,938 $145,758
MICHAEL HAYDEN SR VP OF WORKFORCE DEVELOP 35.00
Highest
$181,708 $19,181 $200,889
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 $39,487,648 $39,369,194 $10,621,183 $118,454
2024 $39,400,507 $39,471,518 $10,572,968 $-71,011
2023 $32,044,197 $31,994,631 $10,516,105 $49,566
2022 $31,767,204 $31,368,516 $7,146,791 $398,688
2021 $31,198,484 $31,756,734 $5,776,825 $-558,250
2020 $35,161,792 $35,789,467 $6,663,384 $-627,675
2019 $38,839,173 $38,775,403 $5,459,004 $63,770
2018 $36,620,871 $36,396,755 $7,183,528 $224,116
Explore More Nonprofits
Top 100 Nonprofits in Connecticut Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE WORKPLACE INC with other nonprofits in Connecticut and across the country.