NATIONAL EXPERIENCED WORKFORCE SOLUTIONS (EIN 522003078) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

GERMAN A VANEGAS

Phone

7035584204

Tax Period

2023-10-01 to 2024-09-30

NATIONAL OLDER WORKER CAREER CENTER, founded in 1997, is a mid-sized nonprofit in the Employment sector that reported $29.3M in total revenue in fiscal year 2017. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

SINCE 1997, NEW SOLUTIONS HAS SUPPORTED THE CRITICAL MISSIONS AND TEMPORARY PROJECT NEEDS OF FEDERAL AGENCIES, ACROSS THE UNITED STATES. AS A NATIONAL NONPROFIT ACTIVE IN ALL 50 STATES, NEW SOLUTIONS OFFERS HIGH-QUALITY, MERIT-BASED PROJECT SUPPORT OPPORTUNITIES TO WORKERS AGES 55+. EXPERIENCED WORKERS, KNOWN AS "ENROLLEES," PROVIDE COST-EFFECTIVE, MISSION CRITICAL SUPPORT WITHOUT PERFORMING INHERENTLY GOVERNMENTAL WORK, ACHIEVING AGENCY INITIATIVES EFFICIENTLY AND EFFECTIVELY. BY LEVERAGING THE EXPERTISE OF EXPERIENCED PROFESSIONALS, NEW SOLUTIONS ENHANCES THE CAPABILITY AND CAPACITY OF FEDERAL AGENCIES WITHIN EXISTING APPROPRIATIONS. NEW SOLUTIONS OFFERS DYNAMIC AND RESPONSIVE FEDERAL AGENCY SUPPORT, ON AN AS NEEDED BASIS, ALLOWING FOR QUICK ADJUSTMENTS DURING TEMPORARY WORK GAPS AND ON SPECIALIZED PROJECTS, WITHOUT LONG-TERM COMMITMENTS FROM AN AGENCY. THIS FLEXIBILITY ENSURES AN AGENCY CAN EFFICIENTLY ADDRESS MISSION CRITICAL NEEDS, SUCH AS EMERGENCY RESPONSE PROGRAMS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $81,550,684

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $81,550,684

Expense Breakdown

Grants Paid $2,998,260

Salaries & Benefits $9,982,028

Fundraising Expenses $0

Program Expenses $79,796,141

Other Expenses $68,135,127

TOTAL EXPENSES $81,115,415

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,550,684	$75,455,063	+0.1%
Expenses	$81,115,415	$73,591,417	+0.1%
Net Income	$435,269	$1,863,646	-0.8%

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

$1,259,189

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW PLATOU CPA CGMA	CHAIRMAN	2.00	Officer Director	$0	$0	$0
LISA YOUNGERS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SAAD HASAN	BOARD MEMBER	2.00	Director	$0	$0	$0
PHILIP MACRES	BOARD MEMBER	2.00	Director	$0	$0	$0
KIM THORSEN	BOARD MEMBER	2.00	Director	$0	$0	$0
MEAGAN STABLES	TREASURER	2.00	Officer Director	$0	$0	$0
DAN CONNOLLY	BOARD MEMBER	2.00	Director	$0	$0	$0
GERMAN VANEGAS	PRESIDENT/ CEO	55.00	Officer	$555,385	$22,614	$577,999
LINDA HOLIMAN	CHIEF FINANCIAL OFFICER	45.00	Officer	$261,142	$36,402	$297,544
KATHLEEN BRANCH	CHIEF OPERATING OFFICER/SECRETARY	50.00	Officer	$327,087	$56,559	$383,646
BRIDGET FARLEY	DIRECTOR, EPA SEE & FWS ES	40.00	Highest	$141,329	$33,024	$174,353
ELIZABETH STOVER	DIRECTOR, DOI ESP & DOL	40.00	Highest	$125,548	$10,179	$135,727
BARBARA BRONISLAWSKA	DIRECTOR, USDA, ACES & ESP	40.00	Highest	$156,039	$35,149	$191,188
NANCY ALTMAN	SR. DIR OF ACCOUNTING	40.00	Highest	$158,291	$21,340	$179,631
JENNIFER PEACOCK	HUMAN RESOURCES DIRECTOR	40.00	Highest	$151,096	$35,118	$186,214

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	$81,550,684	$81,115,415	$16,000,101	$435,269
2023	$75,455,063	$73,591,417	$14,040,343	$1,863,646
2022	$57,000,888	$55,797,950	$8,812,884	$1,202,938
2021	$45,760,008	$45,753,967	$5,908,422	$6,041
2020	$39,317,741	$39,351,987	$4,690,468	$-34,246
2019	$32,472,698	$32,548,301	$2,967,626	$-75,603
2018	$29,281,652	$29,149,153	$2,452,116	$132,499

NATIONAL EXPERIENCED WORKFORCE SOLUTIONS