THE WORKFORCE CONNECTION 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

2002

Legal Domicile

Principal Officer

MICHELLE CASSARO

Phone

8153956608

Tax Period

2024-07-01 to 2025-06-30

THE WORKFORCE CONNECTION INC, founded in 2002, is a community nonprofit in the Employment sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 1181% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE WORKFORCE CONNECTION BOARD IS TO CREATE A COMPETITIVE, SKILLED AND EDUCATED WORKFORCE BY PROVIDING A SYSTEM FOR INDIVIDUALS TO GAIN MEANINGFUL EMPLOYMENT RESPONSIVE TO THE NEEDS OF BUSINESS.

Program Service Accomplishments

Program 1

Expenses: $1,948,197 Revenue: $20,990

PROVIDE SERVICES UNDER THE CLIMATE AND EQUITABLE JOBS ACT HUB GRANT.

Program 2

Expenses: $745,158

THROUGH A SUBAWARD, THIS PROGRAM WILL DEVELOP AND IMPLEMENT ON THE JOB TRAINING PROGRAM, TRAINING OF EXISTING WORKFORCE, AND BUILDING AIRCRAFT TECHNICIAN TALENT PIPELINE.

Program 3

Expenses: $2,608 Revenue: $7,599

PROVIDE ACT WORK KEYS TESTING FOR BUSINESSES IN THE LOCAL WORKFORCE AREA AND FOR PARTICIPANTS ENROLLED IN WIOA

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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 $2,715,856

Program Service Revenue $18,589

Investment Income $212

Other Revenue $10,000

TOTAL REVENUE $2,744,657

Expense Breakdown

Grants Paid $2,449,248

Salaries & Benefits $45,134

Fundraising Expenses $0

Program Expenses $2,695,963

Other Expenses $230,784

TOTAL EXPENSES $2,725,166

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,744,657	$214,189	+11.8%
Expenses	$2,725,166	$213,988	+11.7%
Net Income	$19,491	$201	+96.0%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE CASSARO	CHAIR	1.00	Officer Director	$0	$0	$0
TODD WELLS	VICE-CHAIR	0.25	Officer Director	$0	$0	$0
PAUL NOLLE	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
BEN BERNSTEN	BOARD MEMBER	0.25	Director	$0	$0	$0
SCOTT BLOOMQUIST	BOARD MEMBER	0.25	Director	$0	$0	$0
KAREN BROWN	BOARD MEMBER	0.25	Director	$0	$0	$0
TODD CAGNONI	BOARD MEMBER	0.25	Director	$0	$0	$0
LEN CARTER	BOARD MEMBER	0.25	Director	$0	$0	$0
KATHY CRANDALL	BOARD MEMBER	0.25	Director	$0	$0	$0
MICHEAEL DUNN	BOARD MEMBER	0.25	Director	$0	$0	$0
JEFF FAHRENWALD	BOARD MEMBER	0.25	Director	$0	$0	$0
PAMELA FETTES	BOARD MEMBER	0.25	Director	$0	$0	$0
SUZANNE FISCHER	BOARD MEMBER	0.25	Director	$0	$0	$0
GEORGE GAULRAPP	BOARD MEMBER	0.25	Director	$0	$0	$0
JEREMY GRAYEWSKI	BOARD MEMBER	0.25	Director	$0	$0	$0
ROBERT GUIRL	BOARD MEMBER	0.25	Director	$0	$0	$0
GREG HARLE	BOARD MEMBER	0.25	Director	$0	$0	$0
DR SHEILA HILL	BOARD MEMBER	0.25	Director	$0	$0	$0
DR BRANT HULSEBUS	BOARD MEMBER	0.25	Director	$0	$0	$0
MARK KRUPKE THRU 05202025	BOARD MEMBER	0.25	Director	$0	$0	$0
KRIS MACHAJEWSKI THRU 07302024	BOARD MEMBER	0.25	Director	$0	$0	$0
MATTHEW MONTALBANO	BOARD MEMBER	0.25	Director	$0	$0	$0
MARLENA NELSON	BOARD MEMBER	0.25	Director	$0	$0	$0
AMY NORD	BOARD MEMBER	0.25	Director	$0	$0	$0
AMY OTT	BOARD MEMBER	0.25	Director	$0	$0	$0
JAMES PIRAGES	BOARD MEMBER	0.25	Director	$0	$0	$0
TROY PRIMUS	BOARD MEMBER	0.25	Director	$0	$0	$0
JAMIE PROCTOR	BOARD MEMBER	0.25	Director	$0	$0	$0
DAN ROSS	BOARD MEMBER	0.25	Director	$0	$0	$0
ZACHARY ROTELLO	BOARD MEMBER	0.25	Director	$0	$0	$0
MAX SALAZAR	BOARD MEMBER	0.25	Director	$0	$0	$0
CASEY SCHWEBKE	BOARD MEMBER	0.25	Director	$0	$0	$0
DR HOWARD SPEARMAN	BOARD MEMBER	0.25	Director	$0	$0	$0
TRICIA WAGNER	BOARD MEMBER	0.25	Director	$0	$0	$0
AMANDA STEWART THRU 07032024	BOARD MEMBER	0.25	Director	$0	$0	$0
JEFF ZEAL	BOARD MEMBER	0.25	Director	$0	$0	$0
GINA CARONNA	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0

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	$2,744,657	$2,725,166	$1,524,925	$19,491
2024	$214,189	$213,988	$61,507	$201
2023	$2,700,061	$2,694,231	$1,125,118	$5,830
2022	$2,334,358	$2,335,455	$1,429,255	$-1,097
2021	$58,823	$31,064	$678,954	$27,759
2020	$22,338	$9,753	$461,944	$12,585
2019	$17,166	$10,876	$628,316	$6,290
2018	$6,870	$10,837	$559,935	$-3,967