PASCO HERNANDO WORKFORCE BOARD INC (EIN 593495908) - 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

JEROME A SALATINO

Tax Period

2024-07-01 to 2025-06-30

PASCO HERNANDO WORKFORCE BOARD INC, founded in 1996, is a mid-sized nonprofit in the Employment sector that reported $10.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

PASCO HERNANDO WORKFORCE BOARD ENHANCES ECONOMIC DEVELOPMENT EFFORTS OF OUR REGION BY PROVIDING A WELL TRAINED, HIGH QUALITY WORKFORCE WHICH SUPPORTS THE SUCCESS OF LOCAL BUSINESS AND IMPROVES THE QUALITY OF LIFE. THE ORGANIZATION PROVIDES TRAINING AND SUPPORT SERVICES FOR ECONOMICALLY DISADVANTAGED INDIVIDUALS AND DISPLACED WORKERS. THE ORGANIZATION ALSO PROVIDES ACCESS AND ASSISTS INDIVIDUALS APPLYING FOR STATE AND FEDERAL ASSISTANCE.

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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 $9,210,144

Program Service Revenue $27,682

Investment Income $9,655

Other Revenue $780,713

TOTAL REVENUE $10,028,194

Expense Breakdown

Grants Paid $2,462,920

Salaries & Benefits $4,887,127

Fundraising Expenses $0

Program Expenses $9,336,454

Other Expenses $2,639,414

TOTAL EXPENSES $9,989,461

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,028,194	$9,155,333	+0.1%
Expenses	$9,989,461	$9,276,963	+0.1%
Net Income	$38,733	$-121,630	-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

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

$647,084

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEROME A SALATINO	CEO/PRESIDEN	40.00	Officer	$221,202	$0	$221,202
KENNETH W RUSS	VP BUSINESS	40.00	Officer	$145,101	$0	$145,101
BRENDA GAUSE	VP OF OPERAT	40.00	Officer	$142,061	$0	$142,061
THERESA MINER	VP OF FINANC	40.00	Officer	$138,720	$0	$138,720
TURNER ARBOUR	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BARBER	DIRECTOR	1.00	Director	$0	$0	$0
MARK BARRY	TREASURER/SE	1.00	Director	$0	$0	$0
CINDY BRAY	DIRECTOR	1.00	Director	$0	$0	$0
DANA CUTLIP	DIRECTOR	1.00	Director	$0	$0	$0
MARK EARL	DIRECTOR	1.00	Director	$0	$0	$0
CAMI LEECH FLORIO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT FUERST	DIRECTOR	1.00	Director	$0	$0	$0
BETH GALIC	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES GIBBONS	BOARD CHAIR	1.00	Director	$0	$0	$0
LINDSEY HACK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
HOPE KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
NILS LENZ	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MICKLOW	DIRECTOR	1.00	Director	$0	$0	$0
LEE MIDDLETON	DIRECTOR	1.00	Director	$0	$0	$0
TOM MUDANO	DIRECTOR	1.00	Director	$0	$0	$0
JOELLE NERI	VICE BOARD C	1.00	Director	$0	$0	$0
JESSE PISORS	DIRECTOR	1.00	Director	$0	$0	$0
STEFANIE PONTLITZ	DIRECTOR	1.00	Director	$0	$0	$0
LORI ROMANO	DIRECTOR	1.00	Director	$0	$0	$0
GARY STEELE	DIRECTOR	1.00	Director	$0	$0	$0

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	$10,028,194	$9,989,461	$3,368,577	$38,733
2024	$9,155,333	$9,276,963	$2,852,272	$-121,630
2023	$9,831,414	$9,662,241	$3,586,017	$169,173
2022	$8,486,038	$8,666,345	$2,232,654	$-180,307
2021	$10,685,625	$9,414,604	$3,078,863	$1,271,021
2020	$9,563,175	$9,262,068	$1,570,138	$301,107
2019	$10,353,962	$10,128,335	$1,620,005	$225,627
2018	$7,065,992	$7,053,869	$1,087,566	$12,123

PASCO HERNANDO WORKFORCE BOARD INC