CAREERSOURCE FLORIDA INC

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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

2000

Legal Domicile

Principal Officer

ADRIENNE JOHNSTON

Phone

8507594359

Tax Period

2024-07-01 to 2025-06-30

CAREERSOURCE FLORIDA INC, founded in 2000, is a mid-sized nonprofit in the Employment sector that reported $19.8M in total revenue in fiscal year 2024.

Mission

THE FLORIDA WORKFORCE SYSTEM CONNECTS EMPLOYERS WITH QUALIFIED, SKILLED TALENT AND FLORIDIANS WITH EMPLOYMENT AND CAREER DEVELOPMENT OPPORTUNITIES TO ACHIEVE ECONOMIC PROSPERITY.

Program Service Accomplishments

Program 1

Expenses: $6,629,870

THE QUICK RESPONSE TRAINING PROGRAM FUNDED WITH STATE DOLLARS, PROVIDES CUSTOMIZED TRAINING TO NEW VALUE ADDED BUSINESSES LOCATED IN FLORIDA AND TO EXISTING OR EXPANDING BUSINESSES THAT MEET THE...

THE QUICK RESPONSE TRAINING PROGRAM FUNDED WITH STATE DOLLARS, PROVIDES CUSTOMIZED TRAINING TO NEW VALUE ADDED BUSINESSES LOCATED IN FLORIDA AND TO EXISTING OR EXPANDING BUSINESSES THAT MEET THE STATE'S ECONOMIC GOALS.

Program 2

Expenses: $1,155,574

THE INCUMBENT WORKER TRAINING PROGRAM PROVIDES GRANT FUNDS TO FLORIDA COMPANIES FOR SKILLS UPGRADE TRAINING OF CURRENTLY EMPLOYED WORKERS IN AN EFFORT TO KEEP THE COMPANY AND WORKERS COMPETITIVE. THE...

Program 3

Expenses: $7,563,829

CONTRACTS EXECUTED BY CAREERSOURCE FLORIDA, INC. FOR SERVICES PROVIDED BY VENDORS TO SUPPORT STATE-LEVEL INITIATIVES.

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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 $19,823,141

Program Service Revenue $0

Investment Income $20

Other Revenue $0

TOTAL REVENUE $19,823,161

Expense Breakdown

Grants Paid $7,785,444

Salaries & Benefits $3,236,760

Fundraising Expenses $0

Program Expenses $15,349,273

Other Expenses $8,854,422

TOTAL EXPENSES $19,876,626

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,823,161	$20,506,032	0.0%
Expenses	$19,876,626	$20,544,049	0.0%
Net Income	$-53,465	$-38,017	+0.4%

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

$620,572

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GOV RON DESANTIS	CHAIR	1.00	Director	$0	$0	$0
ERIK ARROYO	BOARD MEMBER	1.00	Director	$0	$0	$0
BAYNE BEECHER	BOARD MEMBER	1.00	Director	$0	$0	$0
KILEY DAMONE	BOARD MEMBER (UNTIL 8/24)	1.00	Director	$0	$0	$0
MANNY DIAZ	BOARD MEMBER (UNTIL 5/25)	1.00	Director	$0	$0	$0
ROBERT DOYLE	BOARD MEMBER	1.00	Director	$0	$0	$0
SOPHIA ECCLESTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER OFLANNERY ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN GOERTZEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
SHEVAUN HARRIS	BOARD MEMBER (UNTIL 2/25)	1.00	Director	$0	$0	$0
TIM HINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
AUSTIN HOSFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
STASI KAMOUTSAS	BOARD MEMBER (AS OF 6/25)	1.00	Director	$0	$0	$0
J ALEX KELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON KINNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE MARINO	BOARD MEMBER	1.00	Director	$0	$0	$0
BAILEY MATEER	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN MCDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
REP LAUREN MELO	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN OFARRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MEL PONDER	BOARD MEMBER (UNTIL 12/24)	1.00	Director	$0	$0	$0
DC REEVES	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY ROGERS	BOARD MEMBER (AS OF 5/25)	1.00	Director	$0	$0	$0
BRIDGET ROYSTER	BOARD MEMBER (AS OF 2/25)	1.00	Director	$0	$0	$0
LAURIE SALLARULO	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT SALONEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN SARTAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW SCHMADEKE	BOARD MEMBER	1.00	Director	$0	$0	$0
LES SIMS	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT SINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
MEREDITH STANFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA TRABULSY	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAY YARBOROUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN ADAMS JR	BOARD MEMBER (UNTIL 1/25)	1.00	Director	$0	$0	$0
ADRIENNE JOHNSTON	CEO	40.00	Officer	$214,766	$30,846	$245,612
JASON MCCANDLESS	COO	40.00	Officer	$171,360	$31,689	$203,049
WALTER COPELAND	CFO (UNTIL 12/24)	40.00	Officer	$131,189	$40,722	$171,911
DANA DAVIS	CFO (AS OF 4/25)	40.00	Officer	$0	$0	$0
NATHAN ROBERTS	MIS DIRECTOR	40.00	Highest	$112,311	$28,422	$140,733
KERI NUCATOLA	VP, EXT AFF. & STRAT. INIT.	40.00	Highest	$126,573	$43,587	$170,160
ADAM BRIGGS	SR DIR, WF PROG DEV (UNTIL 5/25)	40.00	Highest	$111,582	$33,734	$145,316
DEHRYL MCCALL JR	PROGRAM MANAGER	40.00	Highest	$102,711	$41,125	$143,836

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	$19,823,161	$19,876,626	$10,220,413	$-53,465
2024	No data	No data	No data	No data
2023	$16,454,892	$16,482,458	$9,050,146	$-27,566
2022	$13,537,394	$13,534,605	$11,274,205	$2,789
2021	$20,141,540	$20,158,323	$10,008,941	$-16,783
2020	$16,302,802	$16,311,601	$14,800,848	$-8,799
2019	$17,350,180	$17,371,875	$19,845,466	$-21,695
2018	$14,926,942	$14,951,020	$19,783,706	$-24,078