NATIONAL ABLE NETWORK 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

1976

Legal Domicile

Principal Officer

MATTHEW C WEIS

Phone

3129944200

Tax Period

2024-07-01 to 2025-06-30

NATIONAL ABLE NETWORK INC, founded in 1976, is a mid-sized nonprofit that reported $20.1M in total revenue in fiscal year 2024.

Mission

TO CREATE EMPLOYMENT AND TRAINING OPPORTUNITIES FOR DISLOCATED AND DISADVANTAGED WORKERS INCLUDING VETERANS, OLDER WORKERS, AND LOW-INCOME INDIVIDUALS IN SEVERAL STATES THROUGH THE OPERATION OF OUTREACH, CAREER COACHING, COUNSELING, TRAINING, AND CAREER PLACEMENT SERVICES.

Program Service Accomplishments

Program 1

Expenses: $8,165,199

EMPLOYER SERVICES PROVIDE DIRECT REFERRALS OF PRE-SCREENED AND TRAINED CANDIDATES INCLUDING TARGETED HIRING EVENTS AND CUSTOMIZED EMPLOYMENT TRAINING SERVICES.

Program 2

Expenses: $9,711,014 Revenue: $810,573

CLIENT TRAINING PROVIDES VOCATIONAL AND ON-THE-JOB TRAINING PROVIDED TO ECONOMICALLY DISADVANTAGED INDIVIDUALS INCLUDING DISLOCATED WORKERS, LOW-INCOME SENIORS, AND VETERANS TO PREPARE THEM FOR...

CLIENT TRAINING PROVIDES VOCATIONAL AND ON-THE-JOB TRAINING PROVIDED TO ECONOMICALLY DISADVANTAGED INDIVIDUALS INCLUDING DISLOCATED WORKERS, LOW-INCOME SENIORS, AND VETERANS TO PREPARE THEM FOR RE-EMPLOYMENT.

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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 $18,612,266

Program Service Revenue $810,573

Investment Income $93,646

Other Revenue $599,477

TOTAL REVENUE $20,115,962

Expense Breakdown

Grants Paid $174,955

Salaries & Benefits $13,250,125

Fundraising Expenses $220,131

Program Expenses $17,876,213

Other Expenses $6,113,999

TOTAL EXPENSES $19,539,079

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,115,962	$19,324,145	+0.0%
Expenses	$19,539,079	$18,966,865	+0.0%
Net Income	$576,883	$357,280	+0.6%

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

670

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

$558,967

Total Directors

Key Employees

$373,406

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY MCMILLER	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
KHADIJA JAMES-KEATING	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL CHRISLER	TREASURER	2.00	Officer Director	$0	$0	$0
MAIJA RENKO	SECRETARY	2.00	Officer Director	$0	$0	$0
JONELLE WELCH	DIRECTOR	2.00	Director	$0	$0	$0
PATTY O'BRIEN	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW VANDENACK	DIRECTOR	2.00	Director	$0	$0	$0
ANGEL TORRES	DIRECTOR	2.00	Director	$0	$0	$0
DANYA ROSEN	DIRECTOR	2.00	Director	$0	$0	$0
LORENZO GARTH	DIRECTOR	2.00	Director	$0	$0	$0
TONY ONAGAN	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW C WEIS	PRESIDENT & CEO	40.00	Officer	$305,001	$11,731	$316,732
KHALID M QAZI	CFO THROUGH 03/2025	40.00	Officer	$233,422	$8,813	$242,235
MICHELLE HARRIS	CFO AFTER 03/2025	40.00	Officer	$0	$0	$0
ALAJANDRA SINECIO	CHIEF PROGRAM OFFICER	40.00	Key Emp	$177,529	$4,647	$182,176
MARK A RASMUSSEN	CIO	40.00	Key Emp	$183,875	$7,355	$191,230
KRISTEN CULLOTTA	PROGRAM DEVELOPMENT VP	40.00	Highest	$155,122	$5,970	$161,092

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	$20,115,962	$19,539,079	$14,579,781	$576,883
2024	$19,324,145	$18,966,865	$11,864,498	$357,280
2023	$22,678,276	$22,350,778	$12,691,667	$327,498
2022	$25,138,071	$24,727,916	$7,162,262	$410,155
2021	$27,803,324	$25,978,766	$7,563,471	$1,824,558
2020	$24,992,881	$24,632,985	$6,230,546	$359,896
2019	$23,411,746	$22,766,946	$4,441,048	$644,800