SUSQUEHANNA WORKFORCE NETWORK INC

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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

1983

Legal Domicile

Principal Officer

KIMBERLY JUSTUS

Phone

4109394240

Tax Period

2023-07-01 to 2024-06-30

SUSQUEHANNA WORKFORCE NETWORK INC, founded in 1983, is a community nonprofit in the Employment sector that reported $4.2M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE WORKFORCE AND EMPLOYMENT/TRAINING SERVICES.

Program Service Accomplishments

Program 1

Expenses: $2,180,854

PROVIDE WORKFORCE DEVELOPMENT DIRECT TRAINING AND EMPLOYMENT SERVICES TO ADULTS, YOUTHS, AND DISLOCATED WORKERS. MAIN FUNDING IS PROVIDED BY THE WORKFORCE INNOVATION & OPPORTUNITY ACT (WIOA) GRANT.

Program 2

Expenses: $1,481,509

PROVIDE WORK BASED TRAINING AND FOLLOW-UP ACTIVITIES FOR TEMPORARY CASH ASSISTANCE CUSTOMERS OF THE HARFORD COUNTY DEPARTMENT OF SOCIAL SERVICES.

Program 3

Expenses: $123,145

MARYLAND EMPLOYMENT ADVANCEMENT RIGHT NOW PROGRAM (EARN MARYLAND PROGRAM) CREATES INDUSTRY LED PARTNERSHIPS TO ADVANCE THE SKILLS OF THE STATE'S WORKFORCE, GROW THE STATE'S ECONOMY AND INCREASE...

MARYLAND EMPLOYMENT ADVANCEMENT RIGHT NOW PROGRAM (EARN MARYLAND PROGRAM) CREATES INDUSTRY LED PARTNERSHIPS TO ADVANCE THE SKILLS OF THE STATE'S WORKFORCE, GROW THE STATE'S ECONOMY AND INCREASE SUSTAINABLE EMPLOYMENT FOR WORKING FAMILIES.

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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 $4,109,456

Program Service Revenue $33,377

Investment Income $10,907

Other Revenue $0

TOTAL REVENUE $4,153,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,340,608

Fundraising Expenses $0

Program Expenses $3,862,887

Other Expenses $1,737,245

TOTAL EXPENSES $4,077,853

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,153,740	$2,859,485	+0.5%
Expenses	$4,077,853	$2,834,731	+0.4%
Net Income	$75,887	$24,754	+2.1%

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

193

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

$181,551

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ANN BOGARTY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREW MEYER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CARRIE BENDER	TREASURER	1.00	Officer Director	$0	$0	$0
BALFOUR RICO ALBACARYS	MEMBER	1.00	Director	$0	$0	$0
DR MARY BOLT	MEMBER	1.00	Director	$0	$0	$0
DR SEAN BULSON	MEMBER	1.00	Director	$0	$0	$0
DENISE CAREY	MEMBER	1.00	Director	$0	$0	$0
SHERYL KOHL	MEMBER	1.00	Director	$0	$0	$0
DANNY DEMARINIS	MEMBER	1.00	Director	$0	$0	$0
THERESA FELDER	MEMBER	1.00	Director	$0	$0	$0
CORA GRISHKOT	MEMBER	1.00	Director	$0	$0	$0
DION GUTHRIE	MEMBER	1.00	Director	$0	$0	$0
WARREN HAMILTON	MEMBER	1.00	Director	$0	$0	$0
RAYMOND HAMM	MEMBER	1.00	Director	$0	$0	$0
KAREN HOLT	MEMBER	1.00	Director	$0	$0	$0
MATTHEW JACKSON	MEMBER	1.00	Director	$0	$0	$0
DR JEFFREY LAWSON	MEMBER	1.00	Director	$0	$0	$0
BRUCE LEWIS	MEMBER	1.00	Director	$0	$0	$0
DONALD MATHIS	MEMBER	1.00	Director	$0	$0	$0
MICHELLE TWUM-DANSO	MEMBER	1.00	Director	$0	$0	$0
BARNEY MICHEL	MEMBER	1.00	Director	$0	$0	$0
BILL SORENSON	MEMBER	1.00	Director	$0	$0	$0
KEVIN WALLS	MEMBER	1.00	Director	$0	$0	$0
JULIE BROWN	FISCAL & HR MANAGER	1.00	Officer	$89,053	$0	$89,053
KIMBERLY JUSTUS	EXECUTIVE DIRECTOR	1.00	Officer	$92,498	$0	$92,498

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	No data	No data	No data	No data
2024	$4,153,740	$4,077,853	$2,409,963	$75,887
2023	$2,859,485	$2,834,731	$2,428,126	$24,754
2022	$2,670,057	$2,688,780	$2,832,645	$-18,723
2021	$2,397,079	$2,290,772	$1,345,910	$106,307
2020	$2,619,993	$2,581,123	$1,602,767	$38,870
2019	$2,820,041	$2,755,920	$1,208,975	$64,121
2018	$2,798,498	$2,716,131	$1,406,406	$82,367