WORKFORCE ESCAROSA INC (EIN 593390564) - 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

MARCUS MCBRIDE

Phone

8504730939

Tax Period

2023-07-01 to 2024-06-30

WORKFORCE ESCAROSA INC, founded in 1996, is a community nonprofit in the Employment sector that reported $5.0M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

CAREERSOURCE ESCAROSA IS A NONPROFIT ORGANIZATION COMMITTED TO SUPPORTING THE WORKFORCE NEEDS OF ESCAMBIA AND SANTA ROSA COUNTIES. CLASSIFIED AS ONE OF FLORIDA'S 24 LOCAL WORKFORCE BOARDS AND A MEMBER OF THE CAREERSOURCE FLORIDA NETWORK, WE PROVIDE EMPLOYMENT AND TRAINING RESOURCES FOR AREA JOB SEEKERS AND EMPLOYERS.

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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 $5,016,681

Program Service Revenue $0

Investment Income $0

Other Revenue $3,686

TOTAL REVENUE $5,020,367

Expense Breakdown

Grants Paid $1,542,223

Salaries & Benefits $2,185,811

Fundraising Expenses $0

Program Expenses $4,414,908

Other Expenses $1,364,810

TOTAL EXPENSES $5,092,844

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,020,367	$5,557,129	-0.1%
Expenses	$5,092,844	$5,650,986	-0.1%
Net Income	$-72,477	$-93,857	-0.2%

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

$209,630

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN COLE	CHAIR	1.00	Officer Director	$0	$0	$0
JERRY KERSEY JR VICE-CHAIR	AS OF 10/16/2024 - FORMER MEMBER	1.00	Officer Director	$0	$0	$0
SCOTT LUTH	VICE-CHAIR UNTIL 10/16/2023	1.00	Officer Director	$0	$0	$0
LLOYD RESHARD	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JEFFREY HONDORP	MEMBER AT LARGE	1.00	Officer Director	$0	$0	$0
DAVID BOUVIN	MEMBER	1.00	Director	$0	$0	$0
DOUGLAS BROWN	MEMBER	1.00	Director	$0	$0	$0
JAMESON CUTCHENS	MEMBER	1.00	Director	$0	$0	$0
ANTHONY EMAN	MEMBER	1.00	Director	$0	$0	$0
FRED GENKINS	MEMBER	1.00	Director	$0	$0	$0
MICHELE KELSON	MEMBER	1.00	Director	$0	$0	$0
CHARLIN KNIGHT	MEMBER	1.00	Director	$0	$0	$0
MICHAEL LISTAU	MEMBER	1.00	Director	$0	$0	$0
BRIDGETTE PRICE	MEMBER AS OF 4/22/2024	1.00	Director	$0	$0	$0
BRIANNA RUSS	MEMBERS UNTIL 2/16/2024	1.00	Director	$0	$0	$0
TAWANA GILBERT	MEMBER UNTIL 2/23/2024	1.00	Director	$0	$0	$0
SHANNON OGLETREE	MEMBER UNTIL 4/22/2024	1.00	Director	$0	$0	$0
MARCUS MCBRIDE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$134,873	$13,119	$147,992
MARIEZEL HALILI	CFO AS OF 1/1/2024	40.00	Officer	$53,171	$8,467	$61,638

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	$5,020,367	$5,092,844	$4,749,536	$-72,477
2023	$5,557,129	$5,650,986	$4,857,380	$-93,857
2022	$4,789,665	$4,953,651	$5,329,228	$-163,986
2021	$4,181,306	$4,400,582	$889,747	$-219,276
2020	$5,967,285	$5,812,677	$768,308	$154,608
2019	$5,615,020	$5,615,020	$787,594	No data

WORKFORCE ESCAROSA INC