WTIA WORKFORCE INSTITUTE (EIN 473951262) - 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

2015

Legal Domicile

Principal Officer

JENNIFER CARLSON

Phone

2064483033

Tax Period

2023-01-01 to 2023-12-31

WTIA WORKFORCE INSTITUTE, founded in 2015, is a mid-sized nonprofit in the Employment sector that reported $17.5M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.3M, a strong 36% operating margin.

Mission

ADDRESS THE WORKFORCE SHORTAGE IN THE TECHNOLOGY INDUSTRY AND IDENTIFY DIVERSE TALENT TO MEET INDUSTRY NEEDS.

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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 $16,386,199

Program Service Revenue $944,250

Investment Income $163,924

Other Revenue $659

TOTAL REVENUE $17,495,032

Expense Breakdown

Grants Paid $3,076,035

Salaries & Benefits $4,686,108

Fundraising Expenses $33,369

Program Expenses $9,567,697

Other Expenses $3,447,827

TOTAL EXPENSES $11,209,970

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,495,032	$12,921,070	+0.4%
Expenses	$11,209,970	$13,532,713	-0.2%
Net Income	$6,285,062	$-611,643	-11.3%

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

$458,763

Total Directors

$478,815

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAINER GAWLICK	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
KRIAG BAKER	DIRECTOR	3.00	Director	$0	$0	$0
KEITH DOWNER	DIRECTOR	3.00	Director	$0	$0	$0
MARGARET ROJAS	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL SCHUTZLER	CHIEF EXECUTIVE OFFICER	26.00	Director	$0	$35,522	$478,815
JONATHAN DEMELLA	BOARD SECRETARY	3.00	Officer Director	$0	$0	$0
JENNIFER CARLSON	EXECUTIVE DIRECTOR	40.00	Officer	$0	$40,315	$289,831
OSAMA SHAMS EDDIN	CONTROLLER	40.00	Officer	$0	$16,697	$168,932
KYLE MCALICE	DIRECTOR OF PROGRAM OPERATIONS	40.00	Highest	$0	$39,108	$173,508
ANDREA ANDERSON	DIRECTOR PROGRAM DEV AND EDUCATION	40.00	Highest	$0	$35,440	$185,439
STEVE KING	DIRECTOR, BUSINESS DEVELOPMENT	40.00	Highest	$0	$27,726	$162,226
VALERIE ROBINSON	REGIONAL DIRECTOR	40.00	Highest	$0	$36,836	$153,211

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
2024	No data	No data	No data	No data
2023	$17,495,032	$11,209,970	$10,801,426	$6,285,062
2022	$12,921,070	$13,532,713	$4,248,639	$-611,643
2021	$12,393,362	$12,702,538	$6,744,396	$-309,176
2020	$10,939,593	$10,294,135	$5,518,732	$645,458
2019	$12,238,388	$11,792,172	$4,542,586	$446,216
2018	$7,998,550	$7,101,981	$2,917,633	$896,569

WTIA WORKFORCE INSTITUTE