FIRST COAST WORKFORCE DEVELOPMENT INC (EIN 593385658) - 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

1996

Legal Domicile

Principal Officer

BRUCE FERGUSON

Phone

9042133800

Tax Period

2022-07-01 to 2023-06-30

FIRST COAST WORKFORCE DEVELOPMENT INC, founded in 1996, is a mid-sized nonprofit in the Employment sector that reported $18.1M in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION'S MISSION IS TO CONNECT WORKERS TO JOBS AND BUSINESSES TO THE TALENT THAT THEY NEED TO THRIVE. THE ORGANIZATION PROVIDES INNOVATIVE SERVICES THAT BUILD A TALENT PIPELINE FOR THE JOBS OF TODAY AND THE FUTURE. THIS IS DONE WITH THE GOAL OF HELPING NORTHEAST FLORIDA HAVE A WORLD-CLASS WORKFORCE DEVELOPMENT SYSTEM THAT ENABLES BUSINESSES TO BE LEADERS IN THE GLOBAL COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,992,644

Program Service Revenue $23,333

Investment Income $3,358

Other Revenue $119,651

TOTAL REVENUE $18,138,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,513,529

Other Expenses $18,197,620

TOTAL EXPENSES $18,197,620

Year-over-Year Comparison

	2022	2021	Change
Revenue	$18,138,986	$15,750,447	+0.2%
Expenses	$18,197,620	$16,013,940	+0.1%
Net Income	$-58,634	$-263,493	-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

N/A

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

$187,105

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGGIE FULLWOOD	DIRECTOR	1.00	Director	$0	$0	$0
CLAY LYONS	TREASURER	1.00	Officer Director	$0	$0	$0
ELAINE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
L WAYNE MCCLAIN	CHAIR	1.00	Officer Director	$0	$0	$0
AMY RICE	TREASURER	1.00	Director	$0	$0	$0
JAKE SHICKEL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TEMPLETON	DIRECTOR	1.00	Director	$0	$0	$0
DIANE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DONNA WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
KIRK BARRAS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN DOYLE	CHAIR	1.00	Officer Director	$0	$0	$0
TIM HINSON	VICE CHAIR	1.00	Director	$0	$0	$0
BETH PAYNE	DIRECTOR	1.00	Director	$0	$0	$0
JOE PICKENS	DIRECTOR	1.00	Director	$0	$0	$0
DARRLY REGISTER	DIRECTOR	1.00	Director	$0	$0	$0
LUCIA VALDIVIA-SANCHEZ	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE WHITE	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE FERGUSON	PRESIDENT	40.00	Officer	$187,105	$0	$187,105

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	No data	No data	No data	No data
2023	$18,138,986	$18,197,620	$5,864,450	$-58,634
2023	$18,138,986	$18,197,620	$5,864,450	$-58,634
2022	$15,750,447	$16,013,940	$6,846,720	$-263,493
2021	$15,945,752	$16,124,204	$3,324,303	$-178,452
2020	$15,647,485	$15,743,152	$2,760,321	$-95,667
2019	$19,021,862	$19,105,455	$3,472,484	$-83,593
2018	$18,848,281	$18,712,218	$3,258,474	$136,063

FIRST COAST WORKFORCE DEVELOPMENT INC