WORKFORCE RESOURCE INC (EIN 391455735) - 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

1983

Legal Domicile

Principal Officer

RICHARD PRICE

Phone

7152321028

Tax Period

2023-07-01 to 2024-06-30

WORKFORCE RESOURCE INC, founded in 1983, is a mid-sized nonprofit in the Employment sector that reported $10.8M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

EMPOWERING PEOPLE THROUGH EMPLOYMENT

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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 $10,773,124

Program Service Revenue $16,531

Investment Income $8,456

Other Revenue $8,231

TOTAL REVENUE $10,806,342

Expense Breakdown

Grants Paid $2,964,674

Salaries & Benefits $6,379,219

Fundraising Expenses $105,643

Program Expenses $9,937,393

Other Expenses $1,517,839

TOTAL EXPENSES $10,912,727

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,806,342	$8,769,609	+0.2%
Expenses	$10,912,727	$9,308,008	+0.2%
Net Income	$-106,385	$-538,399	-0.8%

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

232

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

$216,860

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD GRINGRAS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
PAMELA GUTHMAN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ADAM ASHLEY	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY KILEY	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA POTTER-EFRON	DIRECTOR	1.00	Director	$0	$0	$0
SHERRI SCHEIDLER	DIRECTOR	1.00	Director	$0	$0	$0
KATHY WELKE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN BLAISDELL	CEO	40.00	Officer	$92,472	$11,539	$104,011
RICHARD PRICE	CHIEF INFORMATION OFFICER	40.00	Officer	$69,450	$43,399	$112,849

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	$10,806,342	$10,912,727	$4,854,285	$-106,385
2023	$8,769,609	$9,308,008	$5,444,411	$-538,399
2022	$7,950,676	$8,023,866	$5,013,026	$-73,190
2021	$7,342,513	$6,854,595	$4,994,256	$487,918
2020	$8,708,303	$7,784,323	$4,721,320	$923,980
2019	$8,089,924	$7,427,344	$3,809,102	$662,580
2018	$7,896,879	$7,449,091	$3,191,201	$447,788

WORKFORCE RESOURCE INC