SOURCEAMERICA

🔒

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

1974

Legal Domicile

Principal Officer

RICHARD BELDEN

Phone

5712264660

Tax Period

2024-10-01 to 2025-09-30

SOURCEAMERICA, founded in 1974, is a major nonprofit in the Employment sector that reported $157.7M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $145.8M left a modest 8% surplus.

Mission

INCREASE THE EMPLOYMENT OF PEOPLE WITH DISABILITIES BY BUILDING STRONG PARTNERSHIPS WITH THE FEDERAL GOVERNMENT AND ENGAGING A NATIONAL NETWORK OF NONPROFIT AGENCIES AND EXPERTS.

Program Service Accomplishments

Program 1

Expenses: $128,163,432 Revenue: $154,694,022

SOURCEAMERICA IS A NATIONAL NONPROFIT THAT ADMINISTERS THE ABILITYONE PROGRAM - A PROGRAM THAT CREATES EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH DISABILITIES THROUGH FEDERAL PRODUCT AND SERVICE...

SOURCEAMERICA IS A NATIONAL NONPROFIT THAT ADMINISTERS THE ABILITYONE PROGRAM - A PROGRAM THAT CREATES EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH DISABILITIES THROUGH FEDERAL PRODUCT AND SERVICE CONTRACTS. WE ARE A BRIDGE BETWEEN OUR NETWORK CONTRACTORS AND FEDERAL CUSTOMERS, PROVIDING THE RESOURCES AND SUPPORT THEY NEED TO SUCCESSFULLY NAVIGATE THE ABILITYONE PROGRAM. TO LEARN MORE, VISIT SOURCEAMERICA.ORG

Program 2

Expenses: $9,379,720

SOURCEAMERICA'S INVESTMENTS IN THE NETWORK REPRESENT STRATEGIC, LONG-TERM PROJECTS DESIGNED TO HELP NETWORK NONPROFIT AGENCIES SUCCESSFULLY PARTICIPATE IN THE ABILITYONE PROGRAM. THESE INVESTMENT...

SOURCEAMERICA'S INVESTMENTS IN THE NETWORK REPRESENT STRATEGIC, LONG-TERM PROJECTS DESIGNED TO HELP NETWORK NONPROFIT AGENCIES SUCCESSFULLY PARTICIPATE IN THE ABILITYONE PROGRAM. THESE INVESTMENT PROJECTS TYPICALLY INVOLVE FUNDING OVER $100,000 AND FOCUS ON PROVIDING RESOURCES AND TOOLS ESSENTIAL FOR ABILITYONE PROGRAM PROJECTS AND REQUIREMENTS. FOR THE FISCAL YEAR, THE TOTAL INVESTMENTS IN THE NETWORK WERE $9,379,720. SEE SCHEDULE O FOR CONTINUATION. EXAMPLES OF NETWORK INVESTMENTS PLANNED FOR FY25 INCLUDE GRANTS TO SUPPORT THE IMPLEMENTATION OF NEW ABILITYONE COMMISSION COMPLIANCE POLICIES, GRANTS FOR NONPROFIT AGENCY TECHNOLOGY AND AUTOMATION ENHANCEMENTS FOR MANUFACTURERS, SOURCEAMERICA SPONSORED TRAINING PROGRAMS FOR IT AND KNOWLEDGE-BASED EMPLOYMENT, AND AN INVESTMENT IN A JOB BOARD TO ASSIST WITH FEDERAL CONTRACTOR RECRUITMENT EFFORTS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $154,694,022

Investment Income $2,893,268

Other Revenue $63,792

TOTAL REVENUE $157,651,082

Expense Breakdown

Grants Paid $12,191,876

Salaries & Benefits $73,918,628

Fundraising Expenses $0

Program Expenses $137,543,152

Other Expenses $59,682,305

TOTAL EXPENSES $145,792,809

Year-over-Year Comparison

	2024	2023	Change
Revenue	$157,651,082	$173,576,647	-0.1%
Expenses	$145,792,809	$166,670,755	-0.1%
Net Income	$11,858,273	$6,905,892	+0.7%

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

463

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

$1,917,171

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK LEZOTTE	BOARD CHAIR	1.50	Officer Director	$0	$0	$0
NORM LORENTZ	IMMEDIATE PAST CHAIR	1.50	Officer Director	$0	$0	$0
WILLIAM OGLETREE	VICE CHAIR	1.50	Officer Director	$0	$0	$0
CATHERINE MELOY	TREASURER(UNTIL 2/25)	1.50	Officer Director	$0	$0	$0
JOHN BOGASKY	TREASURER (FROM 3/25)	1.50	Officer Director	$0	$0	$0
SHARON SMITH	SECRETARY	1.50	Officer Director	$0	$0	$0
KATE MCSWEENY	DIRECTOR	1.50	Director	$0	$0	$0
KATY NEAS	DIRECTOR	1.50	Director	$0	$0	$0
REUBEN ROTMAN	DIRECTOR	1.50	Director	$0	$0	$0
LAURA WALLING	DIRECTOR (FROM 3/25)	1.50	Director	$0	$0	$0
LISA RAE WEBB SHARPE	DIRECTOR	1.50	Director	$0	$0	$0
DAVID EAGLES	DIRECTOR (UNTIL 2/25)	1.50	Director	$0	$0	$0
GREG GIDDENS	DIRECTOR (UNTIL 2/25)	1.50	Director	$0	$0	$0
PHYLLIS BARRETT	DIRECTOR	1.50	Director	$0	$0	$0
BRIAN BEHLER	DIRECTOR	1.50	Director	$0	$0	$0
ALLEN CONNELY	DIRECTOR	1.50	Director	$0	$0	$0
ARMANDO CONTRERAS	DIRECTOR	1.50	Director	$0	$0	$0
DEBORAH COPELAND	DIRECTOR	1.50	Director	$0	$0	$0
BOB DANIELS	DIRECTOR	1.50	Director	$0	$0	$0
RICH GILMARTIN	DIRECTOR	1.50	Director	$0	$0	$0
MARK HECHINGER	DIRECTOR	1.50	Director	$0	$0	$0
REGGIE HUGHES	DIRECTOR	1.50	Director	$0	$0	$0
CHARLOTTE HAMMOND	DIRECTOR (FROM 3/25)	1.50	Director	$0	$0	$0
RICHARD BELDEN	PRESIDENT & CEO	50.00	Officer	$615,445	$149,457	$764,902
WES TYLER	COO	50.00	Officer	$364,095	$47,768	$411,863
ANGELO GRIMA	GENERAL COUNSEL (UNTIL 5/25)	50.00	Officer	$313,139	$39,328	$352,467
JEFFREY MCCAW	CFO	50.00	Officer	$311,884	$32,914	$344,798
BRETT COFFEE	GENERAL COUNSEL (FROM 11/24)	50.00	Officer	$42,980	$161	$43,141
TOM HARTIGAN	VP, ACCOUNT SERVICES	50.00	Highest	$247,608	$93,042	$340,650
RICARDO TERRAZAS	VP, GOVERNMENT AFFAIRS	50.00	Highest	$251,603	$72,736	$324,339
MIKE CALDRONE	VP, IT	50.00	Highest	$248,182	$74,913	$323,095
JILL JOHNSON	VP, PRODUCTS	50.00	Highest	$254,962	$47,180	$302,142
CHARLES HERITAGE	VP,BUSINESS DEVELOPMENT	50.00	Highest	$246,772	$41,674	$288,446

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	$157,651,082	$145,792,809	$190,606,209	$11,858,273
2024	$173,576,647	$166,670,755	$170,784,471	$6,905,892
2023	$197,524,732	$192,884,701	$155,152,091	$4,640,031
2022	$176,485,645	$162,812,403	$134,198,819	$13,673,242
2021	$188,627,883	$168,511,963	$137,455,803	$20,115,920
2020	$157,831,452	$147,764,265	$122,990,438	$10,067,187
2019	$159,889,583	$148,370,910	$100,713,780	$11,518,673
2018	$163,072,829	$159,823,800	$93,446,046	$3,249,029