WORKFORCE DEVELOPMENT CORP SOUTHEAST LOS ANGELES COUNTY INC (EIN 330287492) - 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

1987

Legal Domicile

Principal Officer

YOLANDA CASTRO

Phone

5624029336

Tax Period

2022-07-01 to 2023-06-30

WORKFORCE DEVELOPMENT CORP SOUTHEAST LOS ANGELES COUNTY INC, founded in 1987, is a mid-sized nonprofit in the Employment sector that reported $10.2M in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

EDUCATIONAL, EMPLOYMENT, & JOB TRAINING: PROVIDES CHILDCARE & JOB TRAINING SERVICES TO QUALIFIED PARTICIPANTS BASED UPON FEDERAL & STATE GRANT REQUIREMENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,752,091

Program Service Revenue $5,359,770

Investment Income $201

Other Revenue $105,455

TOTAL REVENUE $10,217,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,167,034

Fundraising Expenses $0

Program Expenses $9,461,361

Other Expenses $7,108,645

TOTAL EXPENSES $10,275,679

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,217,517	$9,291,553	+0.1%
Expenses	$10,275,679	$9,355,642	+0.1%
Net Income	$-58,162	$-64,089	-0.1%

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

353

Volunteers

N/A

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

$163,416

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YOLANDA CASTRO	Executive Dir.	40.00	Officer	$123,281	$40,135	$163,416
KATHRYN FORD	DEP DIR OF ADM BUS SVC	40.00		$106,569	$8,451	$115,020
CHAU DIEP	CHIEF FISCAL OFFICER	40.00		$73,221	$32,725	$105,946
ASHLEY BURRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
CONNIE CHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SERGIO CUEVO	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK DAMERON	Secretary/TREAS	1.00	Officer Director	$0	$0	$0
JOSEPH DERTHICK	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON DRAKE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GREG UTTECHT	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN ESPITIA	BOARD MEMBER	1.00	Director	$0	$0	$0
BELLE GOMEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN KUCERA	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA LEVINE	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY WEHAGE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SHANNON MCGEHEE	BOARD MEMBER	1.00	Director	$0	$0	$0
LEILA NAM	BOARD MEMBER	1.00	Director	$0	$0	$0
VIJAY PATEL	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY POLLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
BLANCA ROCHIN	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM RYDER	BOARD MEMBER	1.00	Director	$0	$0	$0
CRISTINA SAUCEDO GARCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL SEGURA	BOARD MEMBER	1.00	Director	$0	$0	$0
JAWAHAR SHAH	BOARD MEMBER	1.00	Director	$0	$0	$0
SANJAY TRIVEDI	BOARD MEMBER	1.00	Director	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$10,217,517	$10,275,679	$5,514,705	$-58,162
2022	$9,291,553	$9,355,642	$3,079,206	$-64,089
2021	$9,280,376	$9,196,086	$2,618,912	$84,290
2020	$7,803,022	$8,030,697	$2,050,885	$-227,675
2019	$8,456,252	$8,380,747	$2,047,534	$75,505
2018	$8,360,613	$8,429,402	$1,813,426	$-68,789

WORKFORCE DEVELOPMENT CORP SOUTHEAST LOS ANGELES COUNTY INC