SEIU LOCAL 503 AND JOINT EMPLOYER WORKFORCE DEVELOPMENT FUND (EIN 367742218) - 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

2019

Legal Domicile

Principal Officer

BRIAN RUDIGER

Phone

5033882442

Tax Period

2023-01-01 to 2023-12-31

SEIU LOCAL 503 AND JOINT EMPLOYER WORKFORCE DEVELOPMENT FUND, founded in 2019, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

TO PROVIDE WORKFORCE DEVELOPMENT ASSISTANCE AND RELATED BENEFITS TO PARTICIPANTS.

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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 $2,600,000

Program Service Revenue $608,936

Investment Income $9,254

Other Revenue $0

TOTAL REVENUE $3,218,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,905,044

Other Expenses $3,187,139

TOTAL EXPENSES $3,187,139

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,218,190	$3,544,182	-0.1%
Expenses	$3,187,139	$1,703,694	+0.9%
Net Income	$31,051	$1,840,488	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA UNGER	CHAIR	1.0	Officer Director	$0	$0	$0
RYAN DELAMARTER	SECRETARY	1.0	Officer Director	$0	$0	$0
CINDY COUR	TRUSTEE (FORMER)	1.0	Director	$0	$0	$0
ANDREW LOOMIS	TRUSTEE	1.0	Director	$0	$0	$0
RON STRLE	TRUSTEE	1.0	Director	$0	$0	$0
ANDREW LUCUS	TRUSTEE	1.0	Director	$0	$0	$0
CHERLY EMERSON	TRUSTEE (FORMER)	1.0	Director	$0	$0	$0
JULIE EMRY	TRUSTEE (FORMER)	1.0	Director	$0	$0	$0
FELIPA ROJAS DE TORRES	TRUSTEE (FORMER)	1.0	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
2024	No data	No data	No data	No data
2023	$3,218,190	$3,187,139	$2,931,037	$31,051
2022	$3,544,182	$1,703,694	$2,655,751	$1,840,488
2021	$810,076	$1,013,059	$596,998	$-202,983
2020	$771,658	$249,771	$752,793	$521,887

SEIU LOCAL 503 AND JOINT EMPLOYER WORKFORCE DEVELOPMENT FUND