WORKFORCE INNOVATIONS (EIN 453853000) - 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

2011

Legal Domicile

Principal Officer

JENNIFER BANE

Phone

7312863585

Tax Period

2024-07-01 to 2025-06-30

WORKFORCE INNOVATIONS, founded in 2011, is a community nonprofit in the Employment sector that reported $6.5M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

TO DEVELOP A QUALITY WORKFORCE SYSTEM TO MEET THE NEEDS OF AREA EMPLOYERS AND JOB SEEKERS.

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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 $6,530,714

Program Service Revenue $0

Investment Income $2,663

Other Revenue $0

TOTAL REVENUE $6,533,377

Expense Breakdown

Grants Paid $3,557,185

Salaries & Benefits $2,301,294

Fundraising Expenses $0

Program Expenses $6,269,302

Other Expenses $695,940

TOTAL EXPENSES $6,554,419

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,533,377	$7,407,213	-0.1%
Expenses	$6,554,419	$7,277,333	-0.1%
Net Income	$-21,042	$129,880	-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

172

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

$259,774

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIMMY WILLIAMSON	PRESIDENT, CHAIR - DYER	1.00	Officer Director	$0	$0	$0
BEN FERGUSON	VICE-PRESIDENT, CHAIR - MADISON	1.00	Officer Director	$0	$0	$0
CHUCK MARQUIS	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK WARD	CHAIR - BENTON	1.00	Director	$0	$0	$0
STEVE CARR	VICE-CHAIR - OBION	1.00	Director	$0	$0	$0
TED PIAZZA	VICE-CHAIR - GIBSON	1.00	Director	$0	$0	$0
MIKE CREASY	CHAIR - DECATUR	1.00	Director	$0	$0	$0
AJ MASSEY	VICE-CHAIR MADISON	1.00	Director	$0	$0	$0
GEM BELL	VICE-CHAIR - HAYWOOD	1.00	Director	$0	$0	$0
JENNIFER BANE	EXECUTIVE DIRECTOR	37.50	Officer	$120,709	$35,378	$156,087
GINA JOHNSON	DIRECTOR OF FINANCE	37.50	Officer	$73,063	$30,624	$103,687

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	$6,533,377	$6,554,419	$2,416,948	$-21,042
2024	$7,407,213	$7,277,333	$2,681,893	$129,880
2023	$6,035,254	$6,059,886	$1,927,939	$-24,632
2022	$3,796,104	$3,844,246	$948,022	$-48,142
2021	$3,686,711	$3,736,686	$844,118	$-49,975
2020	$3,608,632	$3,660,515	$930,507	$-51,883
2019	$3,821,193	$3,785,741	$962,668	$35,452
2018	$4,196,436	$3,940,923	$817,035	$255,513

WORKFORCE INNOVATIONS