THE NATIONAL ASSOCIATION OF STATE WORKFORCE AGENCIES (EIN 520978073) - 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

1973

Legal Domicile

Principal Officer

SCOTT SANDERS

Phone

2029353228

Tax Period

2023-10-01 to 2024-09-30

THE NATIONAL ASSOCIATION OF STATE WORKFORCE AGENCIES, founded in 1973, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $935K, a strong 17% operating margin.

Mission

THE NATIONAL ASSOCIATION OF STATE WORKFORCE AGENCIES (NASWA) MISSION IS TO ENHANCE THE STATE WORKFORCE AGENCIES' ABILITY TO ACCOMPLISH THEIR GOALS, STATUTORY ROLES AND RESPONSIBILITIES.

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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 $65,791

Program Service Revenue $5,323,985

Investment Income $210,358

Other Revenue $18,000

TOTAL REVENUE $5,618,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,330,912

Fundraising Expenses $0

Program Expenses $2,586,377

Other Expenses $3,352,649

TOTAL EXPENSES $4,683,561

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,618,134	$4,903,350	+0.1%
Expenses	$4,683,561	$5,025,344	-0.1%
Net Income	$934,573	$-121,994	-8.7%

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

117

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

$275,881

Total Directors

Key Employees

$875,811

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HARRINGTON	PAST CHAIR	0.50	Director	$0	$0	$0
JOE BARELA	CHAIR	2.50	Officer Director	$0	$0	$0
CAMI FEEK	CHAIR-ELECT	2.50	Officer Director	$0	$0	$0
SARAH MORRISSEY	DIRECTOR	0.50	Director	$0	$0	$0
LAURA FORTMAN	DIRECTOR	0.50	Director	$0	$0	$0
NESHA CHRISTIAN-HENDRICKSON	DIRECTOR	0.50	Director	$0	$0	$0
GREG CASTELLANI	DIRECTOR	0.50	Director	$0	$0	$0
UNIQUE MORRIS-HUGHES	DIRECTOR	0.50	Director	$0	$0	$0
PORTIA WU	DIRECTOR	0.50	Director	$0	$0	$0
ANTWON KEITH	DIRECTOR	0.50	Director	$0	$0	$0
BRAD BARGER	TREASURER	2.50	Officer Director	$0	$0	$0
BILL ASHLEY	DIRECTOR	0.50	Director	$0	$0	$0
STEPHANIE BECKHORN	DIRECTOR	0.50	Director	$0	$0	$0
JOSH RICHARDSON	DIRECTOR	0.50	Director	$0	$0	$0
EDWARD SERNA	DIRECTOR	0.50	Director	$0	$0	$0
CODY WAITS	DIRECTOR	0.50	Director	$0	$0	$0
JOHN ALBIN	DIRECTOR	0.50	Director	$0	$0	$0
AMBER SHULTZ	DIRECTOR	0.50	Director	$0	$0	$0
CASEY CAMERON	DIRECTOR	0.50	Director	$0	$0	$0
MARCIA HULTMAN	DIRECTOR	0.50	Director	$0	$0	$0
ANNA HUNTER	DIRECTOR	0.50	Director	$0	$0	$0
NANCY FARIAS	DIRECTOR	0.50	Director	$0	$0	$0
DAVID GERSTENFELD	DIRECTOR	0.50	Director	$0	$0	$0
ANNA HUI	SECRETARY	2.50	Officer Director	$0	$0	$0
DAN DEBARTOLO	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT SANDERS	PRESIDENT & CEO	37.50	Officer	$244,641	$31,240	$275,881
CHARLES GILLESPIE	VP, FINANCE AND INTEGRITY	9.00	Key Emp	$52,922	$12,177	$232,685
BENJAMIN PIERCE	VICE PRESIDENT, TECHNOLOGY	6.60	Key Emp	$51,363	$23,969	$212,803
JULIE SQUIRE	VP, POLICY & GENERAL COUNSEL	33.30	Key Emp	$168,578	$29,146	$218,986
CARRIE YEATS	VP, COMMUNICATIONS & OPERATIONS	35.50	Key Emp	$178,084	$23,220	$211,337
COLIN LENNOX	DIRECTOR, PROJECT MGMT.	9.80	Highest	$51,519	$30,720	$227,857
JAMES VAN ERDEN	DIRECTOR ARPA PROJECTS	7.00	Highest	$36,728	$33,658	$230,414
KEVIN GRAZIANO	CLOUD SYSTEMS MANAGER	14.80	Highest	$76,743	$34,051	$228,501
YVETTE CHOCOLAAD	SENIOR POLICY ADVISOR	25.80	Highest	$121,139	$21,747	$197,821
LOUIS ANSALDI	FORMER TECHNICAL DIRECTOR	2.20		$13,557	$32,222	$263,298

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	$5,618,134	$4,683,561	$12,193,336	$934,573
2023	$4,903,350	$5,025,344	$9,997,111	$-121,994
2022	$16,540,900	$16,037,296	$9,200,063	$503,604
2021	$14,063,576	$13,050,913	$9,357,588	$1,012,663
2020	$12,611,024	$12,595,212	$7,556,247	$15,812
2019	$12,190,553	$12,591,893	$6,780,661	$-401,340
2018	$11,134,174	$10,838,956	$6,966,649	$295,218

THE NATIONAL ASSOCIATION OF STATE WORKFORCE AGENCIES