CENTRAL FLORIDA REGIONAL WORKFORCE… - Form 990 Financial Data

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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

PAMELA NABORS

Phone

4075311222

Tax Period

2024-07-01 to 2025-06-30

CENTRAL FLORIDA REGIONAL WORKFORCE DEVELOPMENT BOARD INC, founded in 1996, is a mid-sized nonprofit in the Employment sector that reported $34.3M in total revenue in fiscal year 2024.

Mission

CAREERSOURCE CENTRAL FLORIDA CONNECTS CENTRAL FLORIDIANS TO CAREERS & DEVELOPS SKILLED TALENT FOR BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $13,728,555

WORKFORCE INNOVATION AND OPPORTUNITY ACT (ADULT, YOUTH AND DISLOCATED WORKER TRAINING PROGRAMS) - ASSISTING THESE GROUPS IN FINDING EMPLOYMENT IN OUR FIVE COUNTY AREA.

Program 2

Expenses: $7,768,552

TEMPORARY ASSISTANCE FOR NEEDY FAMILIES, SERVICES PROVIDED INCLUDE TRAINING PROGRAMS, ASSISTANCE IN FINDING EMPLOYMENT AND SKILLS ASSESSMENTS.

Program 3

Expenses: $9,374,709

OTHER PROGRAMS OF THE ORGANIZATION ARE SUPPLEMENTAL NUTRITION ASSISTANCE, REEMPLOYMENT AND ELIGIBILITY ASSESSMENTS, WAGNER PEYSER, DISABLED AND LOCAL VETERANS' EMPLOYMENT REPRESENTATIVES. SERVICES...

OTHER PROGRAMS OF THE ORGANIZATION ARE SUPPLEMENTAL NUTRITION ASSISTANCE, REEMPLOYMENT AND ELIGIBILITY ASSESSMENTS, WAGNER PEYSER, DISABLED AND LOCAL VETERANS' EMPLOYMENT REPRESENTATIVES. SERVICES INCLUDE OCCUPATIONAL TRAINING, SKILLS ASSESSMENTS, RESOURCE ROOMS, ASSISTANCE FOR JOB SEEKERS AND SUPPORT SERVICES.

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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 $34,278,606

Program Service Revenue $0

Investment Income $2,662

Other Revenue $0

TOTAL REVENUE $34,281,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,019,713

Fundraising Expenses $0

Program Expenses $30,871,816

Other Expenses $17,449,886

TOTAL EXPENSES $34,469,599

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,281,268	$35,632,240	0.0%
Expenses	$34,469,599	$36,317,343	-0.1%
Net Income	$-188,331	$-685,103	-0.7%

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

225

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

$2,245,740

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD SWEAT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANDREW ALBU	DIRECTOR	1.00	Director	$0	$0	$0
SHARON ARROYO	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH BATTISTA	DIRECTOR (FROM 12/11/25)	1.00	Director	$0	$0	$0
WENDY BRANDON	DIRECTOR	1.00	Director	$0	$0	$0
GUI CUNHA	DIRECTOR	1.00	Director	$0	$0	$0
SEAN DONNELLY	DIRECTOR	1.00	Director	$0	$0	$0
CASEY FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
WENDY FORD	DIRECTOR	1.00	Director	$0	$0	$0
TANISHA GARY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GILL	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN GRAY	DIRECTOR	1.00	Director	$0	$0	$0
MARK HAVARD	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HAYWARD	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN HINDLE	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY KOSTENBAUDER	DIRECTOR	1.00	Director	$0	$0	$0
BEN LARRY	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY LEWINTER	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE MARTZ	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE MCMANUS	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN NAKAGAWA	DIRECTOR	1.00	Director	$0	$0	$0
SHERI OLSON	DIRECTOR	1.00	Director	$0	$0	$0
GABY ORTIGONI	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS PASCAL	DIRECTOR	1.00	Director	$0	$0	$0
BRINKLEY RUFFIN	DIRECTOR	1.00	Director	$0	$0	$0
AMY SANTORELLI	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN SCHAEFER	DIRECTOR	1.00	Director	$0	$0	$0
TREMAYNE SIMPKINS	DIRECTOR (FROM 12/9/24)	1.00	Director	$0	$0	$0
STELLA SIRACUZA	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE SPERZEL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SPRINKLE	DIRECTOR	1.00	Director	$0	$0	$0
DEANNA THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC USHKOWITZ	DIRECTOR	1.00	Director	$0	$0	$0
MARIA VAZQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
MATT WALTON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WATFORD	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
KIERA DES ANGES	DIRECTOR (UNTIL 7/12/24)	1.00	Director	$0	$0	$0
PAMELA NABORS	PRESIDENT/CEO	40.00	Officer	$277,927	$46,782	$324,709
LEONARDO ALVAREZ	CFO	40.00	Officer	$219,774	$50,274	$270,048
TADAR MUHAMMAD	COO	40.00	Officer	$217,162	$48,873	$266,035
DYANA BURKE	CHIEF OF STAFF	40.00	Officer	$203,557	$27,199	$230,756
STEVEN NGUYEN	CHIEF INNOVATION OFFICER	40.00	Officer	$194,521	$47,746	$242,267
NILDA BLANCO	VP - STRATEGIC INITIATIVES	40.00	Officer	$187,891	$36,485	$224,376
EMILY KRUSZEWSKI	VP - COMMUNICATIONS	40.00	Officer	$148,960	$24,246	$173,206
MARCELA DEFARIA	VP - DEVELOPMENT	40.00	Officer	$163,453	$10,521	$173,974
GEORGINA RONOKARIJO	VP - WORKFORCE OPERATIONS	40.00	Officer	$158,486	$20,619	$179,105
KRISTI VILARDI	VP - FINANCE	40.00	Officer	$125,784	$35,480	$161,264
GEO MORALES	VP - STRATEGIC COMMUNICATIONS	40.00	Officer	$0	$0	$0
SEAN WORRELL	DIRECTOR-IT	40.00	Highest	$124,013	$31,962	$155,975

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	$34,281,268	$34,469,599	$8,372,860	$-188,331
2024	No data	No data	No data	No data
2023	$47,835,121	$48,400,390	$9,001,642	$-565,269
2022	$36,958,039	$36,603,904	$5,826,799	$354,135
2021	$42,099,579	$42,428,880	$4,827,216	$-329,301
2020	$27,423,452	$27,492,731	$5,977,864	$-69,279
2019	$30,304,998	$30,241,409	$4,917,417	$63,589
2018	$26,984,130	$26,755,720	$5,671,389	$228,410

CENTRAL FLORIDA REGIONAL WORKFORCE DEVELOPMENT BOARD INC