WORKFORCE CONNECTIONS INC (EIN 391458247) - 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

TERESA PIERCE

Phone

6087895620

Tax Period

2024-07-01 to 2025-06-30

WORKFORCE CONNECTIONS INC, founded in 1983, is a community nonprofit in the Employment sector that reported $2.9M in total revenue in fiscal year 2024.

Mission

MISSION: CONNECTING PEOPLE, WORK AND TRAINING. VISION: INSPIRING PEOPLE TO DEVELOP THEIR PURPOSE AND POTENTIAL.

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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 $2,869,786

Program Service Revenue $0

Investment Income $17,565

Other Revenue $469

TOTAL REVENUE $2,887,820

Expense Breakdown

Grants Paid $752,790

Salaries & Benefits $1,920,210

Fundraising Expenses $0

Program Expenses $2,758,079

Other Expenses $339,980

TOTAL EXPENSES $3,012,980

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,887,820	$2,865,539	+0.0%
Expenses	$3,012,980	$2,921,406	+0.0%
Net Income	$-125,160	$-55,867	+1.2%

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

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

$284,553

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA PIERCE	EXECUTIVE DIRECTOR	40.00	Officer	$119,220	$39,478	$158,698
GINA BROWN	DIRECTOR OF OPERATIONS	40.00	Officer	$89,731	$36,124	$125,855
DOUG BILLINGS	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
TED EVERSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MATT BAINER	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN COLLEEN	DIRECTOR	1.00	Director	$0	$0	$0
KAITLYN FRITSCH	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER GERKEN	DIRECTOR	1.00	Director	$0	$0	$0
LYN PLETTA	DIRECTOR	1.00	Director	$0	$0	$0
MARY ROHRER	DIRECTOR	1.00	Director	$0	$0	$0
BRADEY SCHLEIS	DIRECTOR (THRU JULY 2024)	1.00	Director	$0	$0	$0
DEB SCOVILLE	DIRECTOR	1.00	Director	$0	$0	$0
MARK WEMETTE	DIRECTOR	1.00	Director	$0	$0	$0
TOU YANG	DIRECTOR	1.00	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
2025	$2,887,820	$3,012,980	$1,338,162	$-125,160
2024	$2,865,539	$2,921,406	$1,389,791	$-55,867
2023	$2,924,179	$3,028,956	$1,480,398	$-104,777
2022	$2,571,978	$2,402,247	$1,472,725	$169,731
2021	$2,366,091	$2,278,676	$1,198,339	$87,415
2020	$2,188,267	$2,049,683	$1,069,424	$138,584
2019	$2,474,209	$2,256,339	$915,214	$217,870
2018	$2,300,291	$2,389,938	$747,009	$-89,647

WORKFORCE CONNECTIONS INC