CORPORATION FOR A SKILLED WORKFORCE

EIN: 382991143 501(c)(3) Education

HARTLAND, MI

Total Revenue
$4,256,859
Total Expenses
$4,019,652
Total Assets
$2,199,037
Net Assets
$267,086
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MI
Principal Officer
KYSHA FRAZIER
Phone
7347692900
Tax Period
2023-01-01 to 2023-12-31

CORPORATION FOR A SKILLED WORKFORCE, founded in 1991, is a community nonprofit in the Education sector that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $4.0M left a modest 6% surplus.

Mission

CSW CATALYZES CHANGE IN EDUCATIONAL AND LABOR MARKET SYSTEMS, POLICIES AND PRACTICES TO INCREASE ECONOMIC MOBILITY, PARTICULARLY FOR PEOPLE OF COLOR AND OTHERS HISTORICALLY EXCLUDED FROM SUCCESS. WE FOCUS ON ACHIEVING SCALABLE IMPROVEMENTS IN WORKER SKILLS, LIFELONG LEARNING, AND JOB QUALITY. CSW COLLABORATES WITH CHANGE MAKERS TO DEVELOP STRATEGIES, IDENTIFY EVIDENCE TO INFORM STRATEGIES, BUILD THE CAPACITY OF ORGANIZATIONS, MANAGE INITIATIVES, AND EVALUATE LESSONS LEARNED.

Program Service Accomplishments

Program 1
Expenses: $982,030 Revenue: $588,486

IMPROVING PRACTICES & OUTCOMES - STRENGTHENING THE CAPACITY OF WORKFORCE PROFESSIONALS & IMPROVING OUTCOMES FOR JOB SEEKERS. CSW WORKS WITH WORKFORCE ORGANIZATIONS AND PROFESSIONALS ACROSS THE...

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IMPROVING PRACTICES & OUTCOMES - STRENGTHENING THE CAPACITY OF WORKFORCE PROFESSIONALS & IMPROVING OUTCOMES FOR JOB SEEKERS. CSW WORKS WITH WORKFORCE ORGANIZATIONS AND PROFESSIONALS ACROSS THE COUNTRY TO STRENGTHEN THEIR CAPACITY TO IMPROVE OUTCOMES FOR BOTH JOB SEEKERS AND EMPLOYERSAND ENSURE THEIR PARTICIPANTS HAVE THE SKILLS AND TOOLS NEEDED TO ACHIEVE ECONOMIC MOBILITY. THIS MATTERS MORE THAN EVER AS COMMUNITIES ARE WORKING TO INCREASE OPPORTUNITY FOR ALL WORKERS AND ADDRESS THE IMPACT OF SYSTEMIC RACISM IN A DRAMATICALLY CHANGING ENVIRONMENT.

Program 2
Expenses: $853,305 Revenue: $511,346

COMPETENCIES & CREDENTIALS - UNLOCKING THE POWER OF COMPETENCIES AND CREDENTIALS TO CREATE A MORE EQUITABLE WORKFORCE ECOSYSTEM. CSW WORKS TO EXPAND THE USE OF COMPETENCIES TO INCREASE TRANSPARENCY...

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COMPETENCIES & CREDENTIALS - UNLOCKING THE POWER OF COMPETENCIES AND CREDENTIALS TO CREATE A MORE EQUITABLE WORKFORCE ECOSYSTEM. CSW WORKS TO EXPAND THE USE OF COMPETENCIES TO INCREASE TRANSPARENCY AMONG EMPLOYERS, EDUCATORS AND LEARNERS, WORKERS AND JOBSEEKERS; FACILITATING THE CREATION OF INCREMENTAL CREDENTIALING, EASING THE PATH TO IMPROVED EDUCATION AND CAREER OUTCOMES; AND ENSURING COMPETENCIES AND INCREMENTAL CREDENTIALS INCREASE EQUITY AND ECONOMIC MOBILITY.

Program 3
Expenses: $771,420 Revenue: $462,276

FEDERAL, STATE AND LOCAL SYSTEMS CHANGE - PARTNERING WITH CHANGEMAKERS AT THE INTERSECTION OF EDUCATION, WORKFORCE, AND ECONOMIC DEVELOPMENT. CSW TRANSFORMS MULTI-LEVEL WORKFORCE SYSTEMS, POLICY, AND...

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FEDERAL, STATE AND LOCAL SYSTEMS CHANGE - PARTNERING WITH CHANGEMAKERS AT THE INTERSECTION OF EDUCATION, WORKFORCE, AND ECONOMIC DEVELOPMENT. CSW TRANSFORMS MULTI-LEVEL WORKFORCE SYSTEMS, POLICY, AND PRACTICE TO REDUCE POVERTY, INCREASE ECONOMIC MOBILITY FOR LOW-WAGE WORKERS, AND ADDRESS RACIAL DISPARITIES. WE CONNECT THE DOTS AMONG WORKFORCE DEVELOPMENT, EDUCATION, HUMAN SERVICES, COMMUNITY ECONOMIC DEVELOPMENT, AND INDUSTRY TO CATALYZE CHANGE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,164,102
Program Service Revenue $2,074,241
Investment Income $18,245
Other Revenue $271
TOTAL REVENUE $4,256,859

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,660,596
Fundraising Expenses $0
Program Expenses $3,461,824
Other Expenses $1,359,056
TOTAL EXPENSES $4,019,652

Year-over-Year Comparison

2023 2022 Change
Revenue $4,256,859 $3,135,908 +0.4%
Expenses $4,019,652 $3,134,598 +0.3%
Net Income $237,207 $1,310 +180.1%
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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Governance

Voting Members
11
Independent Members
11
Employees
26
Volunteers
11

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
4
$401,289
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES GALLAHER MEMBER 1.00
Director
$0 $0 $0
GARY YAKIMOV MEMBER 1.00
Director
$0 $0 $0
JOSEPH REED MEMBER 1.00
Director
$0 $0 $0
SHARON SEWELL-FAIRMAN MEMBER 1.00
Director
$0 $0 $0
NANCY SNYDER MEMBER 1.00
Director
$0 $0 $0
NANCY WEATHERFORD MEMBER 1.00
Director
$0 $0 $0
ALEXANDRA CAWTHORNE GAINES MEMBER 1.00
Director
$0 $0 $0
KENYATTA BRAME MEMBER 1.00
Director
$0 $0 $0
CARNIESHA KWASHIE MEMBER 1.00
Director
$0 $0 $0
TODD GREENE MEMBER 1.00
Director
$0 $0 $0
RODERICK NUNN CHAIR 1.00
Officer Director
$0 $0 $0
DEBBIE CHARLTON SUPPORT SPECIALIST & BOARD 40.00
Officer
$55,486 $13,611 $69,097
SHERRI CAVANAUGH TREASURER & CFO 40.00
Officer
$136,214 $12,455 $148,669
KYSHA FRAZIER PRESIDENT & CEO 40.00
Officer
$164,588 $18,935 $183,523
TRAVIS REID VICE PRESIDENT, OPERATIONS & STRATEGY 40.00
Highest
$134,270 $23,420 $157,690
MELISSA GOLDBERRG DIRECTOR, COMPETENCIES & C 40.00
Highest
$117,372 $30,547 $147,919
CHIOKE MOSE-TELESFORD DIRECTOR, IMPROVING PRAC. 40.00
Highest
$133,715 $3,952 $137,667
AMY WALLACE DIRECTOR, FED, ST, L 40.00
Highest
$121,183 $0 $121,183
MEGAN WILLIAMS DIRECTOR, RESEARCH & ED 40.00
Highest
$106,792 $20,549 $127,341
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 $4,256,859 $4,019,652 $2,199,037 $237,207
2022 $3,135,908 $3,134,598 $2,080,686 $1,310
2021 $2,534,456 $2,525,331 $897,180 $9,125
2020 $2,229,820 $2,229,310 $645,420 $510
2019 $2,132,967 $2,427,328 $809,176 $-294,361
2018 $2,491,937 $2,534,809 $1,177,025 $-42,872
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