DEPENDABLE SOURCE CORP CENTER FOR … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Principal Officer

WILLIE JONES

Phone

6013515858

Tax Period

2022-01-01 to 2022-12-31

DEPENDABLE SOURCE CORP CENTER FOR COMMUNITY & WORKFORCE DEVELOPMENT, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $346K in total revenue in fiscal year 2022. Revenue surged 127% from the prior year, signaling strong growth momentum. Expenses of $325K left a modest 6% surplus.

Mission

THE ORGANIZATION BELIEVES THAT ALL PEOPLE SHOULD HAVE ACCESS TO HEALTH, WELL-BEING AND OPPORTUNITY AND SUPPORTS ACTIVITIES THAT ENCOURAGE BROAD PARTICIPATION AND RESULT IN SOCIAL, ENVIRONMENTAL, AND ECONOMIC IMPROVEMENT FOR THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $316,014

TRAIN & EMPLOY INDIVIDUALS FOR CDL CERTIFICATION FOR JOBS AS MEDICAL TRANSPORTATION. IN 2022, WE ENROLLED 288 CDL PARTICIPANTS WITH 95% JOB PLACEMENT RATE AND 93% COMPLETION RATE. INCREASED...

TRAIN & EMPLOY INDIVIDUALS FOR CDL CERTIFICATION FOR JOBS AS MEDICAL TRANSPORTATION. IN 2022, WE ENROLLED 288 CDL PARTICIPANTS WITH 95% JOB PLACEMENT RATE AND 93% COMPLETION RATE. INCREASED PARTICIPATION FOR WOMEN IN THE TRUCKING INDUSTRY FOR THE SCHOOL OF 35% PARTICIPATION BY WOMEN. STARTED THE NEXTGEN TRUCKING PROGRAM TARGETING 18-20 YEAR OLDS. GRADUATED 14 INDIVIDUALS FROM HINDS COUNTY SCHOOLS FOR JOB STARTING AT 35,000 TO 45,000. EXPANDING INDUSTRY AND COMMUNITY PARTNERSHIPS BY CONDUCTING 8 FORUMS AND/OR WEBINAR CONVERSATIONS ON OPPORTUNITIES IN TRUCKING AND PATHWAYS TO HIGHER PAYING JOBS. EXPANDING GRANT OPPORTUNITIES WITH SUBGRANT FROM MDHS. CONTINUE TO IMPACT ECONOMIC, COMMUNITY AND WORKFORCE TRAINING DEVELOPMENT THROUGH RELATIONSHIP BUILDING INCLUDING THE MEC ASCENSION TO 55 TO HELP INCREASE INDUCTRY RECOGNIZED CERTIFICATION ACROSS THE STATE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $345,922

Program Service Revenue $0

Investment Income $17

Other Revenue $0

TOTAL REVENUE $345,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $316,014

Other Expenses $324,648

TOTAL EXPENSES $324,648

Year-over-Year Comparison

	2022	2021	Change
Revenue	$345,939	$152,547	+1.3%
Expenses	$324,648	$158,668	+1.0%
Net Income	$21,291	$-6,121	-4.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUANITA BROWN	BOARD MEMBER	N/A	Director	$0	$0	$0
TIFFANY HATHORN	SECRETARY/TR	N/A	Director	$0	$0	$0
WILLIE JONES	PRESIDENT	N/A	Officer Director	$0	$0	$0
DR SANDRA MELVIN	BOARD MEMBER	N/A	Director	$0	$0	$0
CLYDE WILSON	BOARD MEMBER	N/A	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
2022	$345,939	$324,648	$22,169	$21,291

DEPENDABLE SOURCE CORP CENTER FOR COMMUNITY & WORKFORCE DEVELOPMENT