THE WORKPLACE INC (EIN 222484517) - 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

1983

Legal Domicile

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.

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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 $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

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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

1621

Volunteers

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

$612,757

Total Directors

Key Employees

Highest Compensated

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

THE WORKPLACE INC