SUNCOAST WORKFORCE BOARD INC (EIN 592334811) - 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

1983

Legal Domicile

Principal Officer

JOSHUA MATLOCK

Phone

9413584200

Tax Period

2024-07-01 to 2025-06-30

SUNCOAST WORKFORCE BOARD INC, founded in 1983, is a community nonprofit in the Employment sector that reported $7.4M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

THE ORGANIZATION'S MISSION IS TO IDENTIFY AND INVEST IN WORKFORCE DEVELOPMENT SOLUTIONS TO MEET THE NEEDS OF MANATEE AND SARASOTA COUNTIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,108,090

Program Service Revenue $259,114

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,367,204

Expense Breakdown

Grants Paid $2,195,397

Salaries & Benefits $4,330,529

Fundraising Expenses $0

Program Expenses $6,805,034

Other Expenses $911,803

TOTAL EXPENSES $7,437,729

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,367,204	$7,887,247	-0.1%
Expenses	$7,437,729	$7,672,552	0.0%
Net Income	$-70,525	$214,695	-1.3%

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

238

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

$324,123

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KRAFT	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
LISA EDING	CHAIR ELECT	0.50	Officer Director	$0	$0	$0
JIM BOS	TREASURER	0.50	Officer Director	$0	$0	$0
ERIC TROYER	PAST BOARD CHAIR	0.50	Officer Director	$0	$0	$0
ASHLEY BROWN	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES NICK CHOAT	BOARD MEMBER AS OF 2/13/2025	0.50	Director	$0	$0	$0
WILL CROMIE	BOARD MEMBER AS OF 10/1/2024	0.50	Director	$0	$0	$0
JACKI DEZELSKI	BOARD MEMBER	0.50	Director	$0	$0	$0
KATHLEEN DWYER	BOARD MEMBER	0.50	Director	$0	$0	$0
GEOFFREY GILOT	BOARD MEMBER	0.50	Director	$0	$0	$0
SHEROD HALIBURTON	BOARD MEMBER AS OF 2/13/2025	0.50	Director	$0	$0	$0
VAUGHN HENDRIEX	BOARD MEMBER	0.50	Director	$0	$0	$0
SHARON HILLSTROM	BOARED MEMBER AS OF 9/1/2024	0.50	Director	$0	$0	$0
ALLISON IMRE	BOARD MEMBER	0.50	Director	$0	$0	$0
HEATHER KASTEN	BOARD MEMBER	0.50	Director	$0	$0	$0
LORRI KIDDER	BOARD MEMBER AS OF 10/1/2024	0.50	Director	$0	$0	$0
ANNE LEBARON	BOARD MEMBER	0.50	Director	$0	$0	$0
SHAUN POLASKY	MEMBER-AT-LARGE	0.50	Director	$0	$0	$0
ERICKA RANDALL	BOARD MEMBER	0.50	Director	$0	$0	$0
JANE ROSEBORO	BOARD MEMBER AS OF 10/1/2024	0.50	Director	$0	$0	$0
SARAH TAR	BOARD MEMBER	0.50	Director	$0	$0	$0
MARK VIGGIANO	BOARD MEMBER	0.50	Director	$0	$0	$0
DOUG WAGNER	BOARD MEMBER	0.50	Director	$0	$0	$0
CRAIG WARZECHA	BOARD MEMBER	0.50	Director	$0	$0	$0
KEN WATERS	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRISTY CARDILLO	PAST BOARD CHAIR UNTIL 10/16/2024	0.50	Director	$0	$0	$0
RONALD DIPILLO	BOARD MEMBER UNTIL 6/6/2025	0.50	Director	$0	$0	$0
LUIS FONT	BOARD MEMBER UNTIL 3/28/2025	0.50	Director	$0	$0	$0
PETER HAYES	MEMBER-AT-LARGE UNTIL 9/30/2024	0.50	Director	$0	$0	$0
WALTER SPIKES JR	BOARD MEMBER UNTIL 9/30/2024	0.50	Director	$0	$0	$0
JOSHUA MATLOCK	CHIEF EXECUTIVE OFFICER	45.00	Officer	$148,959	$22,194	$171,153
ROBIN DAWSON	CHIEF FINANCIAL & ADMINISTRATIVE OFFICER	45.00	Officer	$131,449	$21,521	$152,970
JAMES DISBRO	SENIOR DIRECTOR	45.00	Highest	$105,326	$19,344	$124,670
CHESTER FILANOWSKI	IT DIRECTOR	45.00	Highest	$108,377	$18,928	$127,305
KATHLEEN BOUCHARD	CHIEF TALENT OFFICER	45.00	Highest	$118,539	$20,528	$139,067
ANTHONY GAGLIANO	CHIEF OPERATIONS OFFICER	45.00	Highest	$113,289	$19,861	$133,150

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	$7,367,204	$7,437,729	$1,618,517	$-70,525
2024	$7,887,247	$7,672,552	$1,643,089	$214,695
2023	$6,868,683	$6,751,196	$1,324,292	$117,487
2022	$7,055,216	$6,936,952	$1,147,952	$118,264
2021	$6,979,194	$6,894,792	$1,219,490	$84,402
2020	$6,368,905	$6,345,840	$959,943	$23,065
2019	$6,505,837	$6,589,536	$1,063,819	$-83,699
2018	$6,388,748	$6,321,009	$829,778	$67,739

SUNCOAST WORKFORCE BOARD INC