WORKSOURCE ENTERPRISES (EIN 370922346) - 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

1971

Legal Domicile

Principal Officer

BRANDY SEABAUGH

Phone

2174461146

Tax Period

2024-07-01 to 2025-06-30

WORKSOURCE ENTERPRISES, founded in 1971, is a community nonprofit in the Employment sector that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Net assets of $8.1M represent 39 months of operating reserves.

Mission

TO PROVIDE EMPLOYMENT CHOICES AND OPPORTUNITIES FOR PERSONS WITH DISABILITIES ENABLING INDEPENDENCE AND VOCATIONAL SUCCESS IN THE COMMUNITY.

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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 $2,121,235

Program Service Revenue $13,200

Investment Income $70

Other Revenue $368,760

TOTAL REVENUE $2,503,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,559,110

Fundraising Expenses $0

Program Expenses $2,538,708

Other Expenses $979,598

TOTAL EXPENSES $2,538,708

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,503,265	$2,913,958	-0.1%
Expenses	$2,538,708	$2,447,525	+0.0%
Net Income	$-35,443	$466,433	-1.1%

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

133

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
MARY ELLEN BAER	TREASURER	1.00	Director	$0	$0	$0
RHONDA BROWN	SECRETARY	1.00	Director	$0	$0	$0
KELLY FREED	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM HASHIMOTO	BOARD MEMBER	1.00	Director	$0	$0	$0
TONYA HILL	VICE-CHAIRPE	1.00	Director	$0	$0	$0
DR STEPHEN NACCO	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCE RANCURET	CHAIRPERSON	1.00	Director	$0	$0	$0
LOIS WISE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDY SEABAUGH	PRESIDENT/CE	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	$2,503,265	$2,538,708	$8,867,419	$-35,443
2023	$2,375,007	$2,282,179	$8,426,656	$92,828
2022	$2,644,985	$2,098,628	$8,346,523	$546,357
2021	$2,443,397	$1,900,454	$7,939,996	$542,943
2020	$4,921,949	$1,844,925	$7,581,612	$3,077,024

WORKSOURCE ENTERPRISES