WorkSource Enterprises (EIN 540836455) - 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

1967

Legal Domicile

Principal Officer

Kenneth Crum

Phone

4349721730

Tax Period

2024-07-01 to 2025-06-30

WORKSOURCE ENTERPRISES, founded in 1967, is a community nonprofit in the Employment sector that reported $2.0M in total revenue in fiscal year 2018. Revenue decreased 18% compared to the prior year.

Mission

WorkSource Enterprises provides employment supports and community-based services to people with disabilities in Charlottesville, VA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $49,407

Program Service Revenue $1,747,174

Investment Income $362,259

Other Revenue $101,583

TOTAL REVENUE $2,260,423

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,446,196

Fundraising Expenses $0

Program Expenses $1,986,859

Other Expenses $772,064

TOTAL EXPENSES $2,218,260

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,260,423	$2,242,124	+0.0%
Expenses	$2,218,260	$2,165,678	+0.0%
Net Income	$42,163	$76,446	-0.4%

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

$2,002,547

Total Directors

Key Employees

$290,737

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gary Petersen	Chair	0.40	Officer Director	$0	$0	$0
William Warnecki	Chair Elect	0.40	Officer Director	$0	$0	$0
Juliet Hatchett	Vice Chair	0.40	Officer Director	$0	$0	$0
Frank Burke	Treasurer	0.40	Officer Director	$0	$0	$0
Michael Walsh	Past Chair	0.40	Officer Director	$0	$0	$0
Joseph Ashley	Director	0.40	Director	$0	$0	$0
Kristen Chou	Director	0.40	Director	$0	$0	$0
Weyher Dawson	Director	0.40	Director	$0	$0	$0
Mark Diorio	Director	0.40	Director	$0	$0	$0
Joanne Finnigan	Director	0.40	Director	$0	$0	$0
Patricia Harrison	Director	0.40	Director	$0	$0	$0
Hector Velez	Director	0.40	Director	$0	$0	$0
Brandt Wood	Director	0.40	Director	$0	$0	$0
Bruce Patterson	President/CEO	2.00	Officer	$25,059	$41,830	$668,285
Lisa Ward	Executive Vice President	1.00	Officer	$6,595	$45,039	$374,780
Nathaniel Hoover	Chief Financial Officer	2.00	Officer	$15,033	$1,962	$377,786
Kenneth Crum	Chief Operating Officer	2.00	Officer	$14,276	$44,042	$400,955
Charles McElroy	Executive Director	40.00	Officer	$167,844	$12,897	$180,741
Andrew Rind	EVP-Program Services	1.00	Key Emp	$5,129	$34,270	$290,737
Dennis Dapolito	EVP-Business Development	2.00	Highest	$11,963	$37,332	$336,399
Lisa Long	EVP-IT	2.00	Highest	$11,803	$19,462	$314,540
Swati Aneja	EVP-HR	2.00	Highest	$10,919	$41,342	$314,344
Soma Bakhtari	VP-IT	2.00	Highest	$8,798	$34,245	$254,193
John Angerer	VP-Risk & Compliance	2.00	Highest	$8,122	$37,137	$240,195

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	$2,260,423	$2,218,260	$6,019,766	$42,163
2024	$2,242,124	$2,165,678	$5,895,489	$76,446
2023	$2,262,804	$1,844,164	$2,999,106	$418,640
2022	$2,183,228	$1,680,973	$2,438,593	$502,255
2021	$1,621,798	$1,591,407	$2,868,861	$30,391
2020	$1,779,014	$1,965,670	$2,228,046	$-186,656
2019	$2,000,181	$1,993,344	$2,065,495	$6,837

WorkSource Enterprises