Workforce Connect (EIN 384167402) - 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

2020

Legal Domicile

Principal Officer

DEBBIE L BARNUM

Phone

6192617895

Tax Period

2022-01-01 to 2022-12-31

Workforce Connect, founded in 2020, is a small nonprofit in the Employment sector that reported $194K in total revenue in fiscal year 2022. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $187K left a modest 4% surplus.

Mission

Educate the future generation on careers in the construction industry Create awareness through resources technology mentorships and key

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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 $43,467

Program Service Revenue $150,266

Investment Income $0

Other Revenue $0

TOTAL REVENUE $193,733

Expense Breakdown

Grants Paid $269

Salaries & Benefits $80,000

Fundraising Expenses $0

Program Expenses $150,266

Other Expenses $106,649

TOTAL EXPENSES $186,918

Year-over-Year Comparison

	2022	2021	Change
Revenue	$193,733	$134,843	+0.4%
Expenses	$186,918	$113,439	+0.6%
Net Income	$6,815	$21,404	-0.7%

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

N/A

Independent Members

N/A

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

$41,000

Total Directors

$41,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE L BARNUM	President	40.00	Officer Director	$41,000	$0	$41,000
RACHAEL L GONZALEZ	Secretary	25.00		$39,000	$0	$39,000

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
2022	$193,733	$186,918	No data	$6,815

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