NEW WORKFORCE DIRECTIONS INC (EIN 272323749) - 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

2011

Legal Domicile

Principal Officer

KAREN PENNINGTON

Phone

9184422204

Tax Period

2023-01-01 to 2023-12-31

NEW WORKFORCE DIRECTIONS INC, founded in 2011, is a community nonprofit in the Employment sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $3.9M exceeded revenue, resulting in a 98% operating deficit.

Mission

MADISON STRATEGIES GROUP'S MISSION IS TO BUILD AND STRENGTHEN JOB SKILLS, SEE SCH "O"MADISON STRATEGIES GROUP'S MISSION IS TO BUILD AND STRENGTHEN THE TALENT AND SKILL OF THOSE JOB SEEKERS WE SERVE. WE EMPOWER JOB SEEKERS WITH THE ABILITY TO EFFECTIVELY MEET THE NEEDS OF OUR EMPLOYER PARTNERS. BY INVESTING AND ENGAGING IN INNOVATIVE SOLUTIONS AND PARTNERSHIPS, WE PROVIDE HOPE FOR THOSE WE SERVE, OUR BUSINESS PARTNERS, AND THE COMMUNITY AT LARGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,970,398

Program Service Revenue $12,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,982,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,774,023

Fundraising Expenses $54,267

Program Expenses $3,543,858

Other Expenses $2,154,552

TOTAL EXPENSES $3,928,575

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,982,898	$3,807,256	-0.5%
Expenses	$3,928,575	$3,865,199	+0.0%
Net Income	$-1,945,677	$-57,943	+32.6%

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

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

Total Directors

$180,824

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN PENNINGTON	EXECUTIVE DIRECTOR	40.00	Director	$180,824	$0	$180,824
JOHN GOLDMAN	CHAIRMAN	3.00	Officer Director	$0	$0	$0
CHANNING STAVE	SECRETARY	1.00	Officer Director	$0	$0	$0
TERRYLN SMOCK	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA NAZEMETZ	DIRECTOR	1.00	Director	$0	$0	$0
MARY SMITH CROFTS	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE PRICE-JOHNANNSEN	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE BEGITSCHKE	DIRECTOR	1.00	Director	$0	$0	$0
MARK SAVOYE	DIRECTOR	1.00	Director	$0	$0	$0
ROCKY BRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MANESS	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA SOLOMAN	DIRECTOR	1.00	Director	$0	$0	$0
TERESA EVANS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE TUMPKIN	EMPLOYEE	40.00	Highest	$104,300	$0	$104,300

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
2024	No data	No data	No data	No data
2023	$1,982,898	$3,928,575	$3,127,645	$-1,945,677
2022	$3,807,256	$3,865,199	$5,115,810	$-57,943
2021	$5,015,339	$2,961,668	$4,728,857	$2,053,671
2020	$3,048,609	$2,311,833	$2,582,246	$736,776
2019	$2,415,893	$2,111,174	$1,824,053	$304,719
2018	$2,757,931	$2,194,626	$1,253,383	$563,305

NEW WORKFORCE DIRECTIONS INC