HIRED

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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

1968

Legal Domicile

Principal Officer

JULIE BREKKE

Phone

6128089456

Tax Period

2023-07-01 to 2024-06-30

HIRED, founded in 1968, is a mid-sized nonprofit in the Employment sector that reported $15.1M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 18% operating margin.

Mission

FOUNDED IN 1968, HIRED WAS CREATED TO BUILD A PATHWAY FOR PREVIOUSLY INCARCERATED INDIVIDUALS TO GAIN EMPLOYMENT, ECONOMIC STABILITY AND AVOID RECIDIVISM. OVER FIFTY YEARS, HIRED HAS GROWN TO BECOME A RESPONSIVE WORKFORCE DEVELOPMENT NONPROFIT.

Program Service Accomplishments

Program 1

Expenses: $4,109,173 Revenue: $4,467,441

FAMILY STABILITY: WE HELP FAMILIES GAIN STABILITY, TRANSITION FROM PUBLIC ASSISTANCE, AND PREPARE FOR AND ENTER THE WORKFORCE. OUR TEAM CREATES A SAFETY NET FOR FAMILIES WITH TREMENDOUS LIFE BARRIERS...

Program 2

Expenses: $2,856,343 Revenue: $3,189,148

RAPID RE-TOOL & JOB PLACEMENT: HIRED OFFERS ONE-TO-ONE COACHING AND WRAPAROUND SUPPORTS DESIGNED TO HELP RECENTLY LAID-OFF INDIVIDUALS AND ADULTS WITH DISTINCT EMPLOYMENT BARRIERS, RE-TRAIN...

RAPID RE-TOOL & JOB PLACEMENT: HIRED OFFERS ONE-TO-ONE COACHING AND WRAPAROUND SUPPORTS DESIGNED TO HELP RECENTLY LAID-OFF INDIVIDUALS AND ADULTS WITH DISTINCT EMPLOYMENT BARRIERS, RE-TRAIN, RE-ENERGIZE, AND RE-ENTER THE WORKFORCE.

Program 3

Expenses: $1,911,496 Revenue: $2,065,226

YOUTH ACHIEVEMENT: YOUTH VOICE GUIDES OUR WORK TO HELP DISADVANTAGED YOUTH OVERCOME BARRIERS TO ACADEMIC, ECONOMIC, AND HOUSING STABILITY. THE MAJORITY OF YOUNG PEOPLE WE SERVE ARE DISCONNECTED FROM SCHOOL, MANY HAVE BEEN IMPACTED BY HOMELESSNESS, AND ARE TRANSITIONING FROM THE JUVENILE JUSTICE AND/OR FOSTER CARE SYSTEMS.

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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 $15,060,932

Program Service Revenue $0

Investment Income $32,581

Other Revenue $17,508

TOTAL REVENUE $15,111,021

Expense Breakdown

Grants Paid $389,239

Salaries & Benefits $7,671,412

Fundraising Expenses $480,408

Program Expenses $10,328,315

Other Expenses $4,338,766

TOTAL EXPENSES $12,399,417

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,111,021	$11,011,399	+0.4%
Expenses	$12,399,417	$10,569,472	+0.2%
Net Income	$2,711,604	$441,927	+5.1%

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

227

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

$388,616

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER D KRUSMARK	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID PRINCE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEVEN AMBRUS	TREASURER	1.00	Officer Director	$0	$0	$0
BERNICE LAMKIN	DIRECTOR	1.00	Director	$0	$0	$0
BETSY KOONCE	DIRECTOR	1.00	Director	$0	$0	$0
BRENT KETTELKAMP	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES SQUIRES	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA A BREMER	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL GRADFORD	DIRECTOR	1.00	Director	$0	$0	$0
EDMUND J KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE KANE OTTOSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES VITT	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
JULIE KMOCH	DIRECTOR	1.00	Director	$0	$0	$0
KAREN DOTSON	DIRECTOR	1.00	Director	$0	$0	$0
KATE FELICETTA	DIRECTOR	1.00	Director	$0	$0	$0
MIMI BEKELE	DIRECTOR	1.00	Director	$0	$0	$0
RAMONA WILSON	DIRECTOR	1.00	Director	$0	$0	$0
RYAN STAUFF	DIRECTOR	1.00	Director	$0	$0	$0
TOM LEHMAN	DIRECTOR	1.00	Director	$0	$0	$0
TROY BRICE	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA MIX	DIRECTOR	1.00	Director	$0	$0	$0
JULIE BREKKE	EXECUTIVE DIRECTOR	40.00	Officer	$217,195	$32,945	$250,140
ROB NOVAK	CFO	40.00	Officer	$133,310	$5,166	$138,476

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	$15,111,021	$12,399,417	$6,290,363	$2,711,604
2023	$11,011,399	$10,569,472	$3,571,542	$441,927
2022	$8,749,042	$9,113,822	$1,685,532	$-364,780
2021	$10,484,391	$10,266,848	$2,193,476	$217,543
2020	$10,545,541	$10,462,404	$2,698,692	$83,137
2019	$10,186,308	$10,133,241	$2,199,135	$53,067