NATIONAL FUND FOR WORKFORCE SOLUTIONS (EIN 475172476) - 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

AMANDA CAGE

Phone

2022238994

Tax Period

2023-10-01 to 2024-09-30

NATIONAL FUND FOR WORKFORCE SOLUTIONS, founded in 2015, is a community nonprofit in the Employment sector that reported $7.1M in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $6.6M left a modest 6% surplus.

Mission

SEE PART III, LINE 1.

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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 $6,202,534

Program Service Revenue $348,229

Investment Income $503,497

Other Revenue $5,713

TOTAL REVENUE $7,059,973

Expense Breakdown

Grants Paid $1,222,000

Salaries & Benefits $3,039,453

Fundraising Expenses $344,238

Program Expenses $5,661,367

Other Expenses $2,376,213

TOTAL EXPENSES $6,637,666

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,059,973	$14,012,649	-0.5%
Expenses	$6,637,666	$4,299,702	+0.5%
Net Income	$422,307	$9,712,947	-1.0%

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

$399,006

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEJANDRO MENDOZA	CHAIRMAN	2.00	Officer Director	$0	$0	$0
EARL BUFORD	TREASURER	2.00	Officer Director	$0	$0	$0
IVYE ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BETHIA BURKE	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTIN DRISCOLL	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA GILBERTO	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA GLISPIE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL GRITTON	BOARD MEMBER	1.00	Director	$0	$0	$0
SEUNG KIM	BOARD MEMBER	1.00	Director	$0	$0	$0
WHITNEY SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA CAGE	PRESIDENT & CEO	40.00	Officer	$227,394	$9,944	$237,338
MARY R O'NEILL	SECRETARY & CHIEF ADMIN. OFFICER	40.00	Officer	$128,554	$33,114	$161,668
MICHELLE RAFFERTY	CHIEF PROGRAM OFFICER	40.00	Highest	$170,441	$39,245	$209,686
HOLLIE MARSTON	NETWORK DIRECTOR	40.00	Highest	$129,493	$35,935	$165,428
TOM STRONG	DIRECTOR, EMPLOYER ACTIVATION	40.00	Highest	$129,962	$28,348	$158,310
MICHELLE WILSON	DIRECTOR, EVALUATION & LEARNING	40.00	Highest	$131,155	$14,411	$145,566
RICARDO HENRIQUEZ	NETWORK DIRECTOR	40.00	Highest	$129,962	$13,016	$142,978

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
2024	$7,059,973	$6,637,666	$17,772,424	$422,307
2023	$14,012,649	$4,299,702	$17,067,115	$9,712,947
2022	$5,204,741	$6,020,856	$7,945,834	$-816,115
2021	$1,868,629	$5,864,328	$8,495,293	$-3,995,699
2020	$9,684,290	$6,232,669	$12,832,230	$3,451,621
2019	$2,656,631	$6,243,557	$9,256,648	$-3,586,926
2018	$7,104,705	$3,708,330	$11,008,260	$3,396,375

NATIONAL FUND FOR WORKFORCE SOLUTIONS