WORKFORCE ESSENTIALS INC (EIN 621498440) - 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

1992

Legal Domicile

Phone

9319053507

Tax Period

2024-07-01 to 2025-06-30

WORKFORCE ESSENTIALS INC, founded in 1992, is a community nonprofit in the Employment sector that reported $9.3M in total revenue in fiscal year 2024. Net assets of $29.7M represent 39 months of operating reserves.

Mission

JOB TRAINING & SUPPORT PROGRAMS

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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 $6,774,897

Program Service Revenue $1,455,319

Investment Income $694,371

Other Revenue $337,937

TOTAL REVENUE $9,262,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,495,551

Fundraising Expenses $0

Program Expenses $8,979,140

Other Expenses $3,024,547

TOTAL EXPENSES $9,520,098

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,262,524	$9,334,734	0.0%
Expenses	$9,520,098	$9,055,451	+0.1%
Net Income	$-257,574	$279,283	-1.9%

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

404

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

$133,612

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARLA RYE	President	40.00	Officer	$133,612	$0	$133,612
ROBERT BEECHUM	BOARD MEMBER	1.00		$0	$0	$0
HOWARD BRADLEY	BOARD MEMBER	1.00		$0	$0	$0
JOEY BRAKE	BOARD MEMBER	1.00		$0	$0	$0
MARILYN BRISTOL	Secretary	1.00	Officer	$0	$0	$0
DEBRA DANIELS	BOARD MEMBER	1.00		$0	$0	$0
WES GOLDEN	BOARD MEMBER	1.00		$0	$0	$0
ANTHONY HOLT	Chairman	1.00	Officer	$0	$0	$0
MYERS J JONES III	BOARD MEMBER	1.00		$0	$0	$0
KERRY MCCARVER	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
MIKE POGREBA	BOARD MEMBER	1.00		$0	$0	$0
KERRY PRUETT	BOARD MEMBER	1.00		$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	$9,262,524	$9,520,098	$30,102,029	$-257,574
2023	$10,596,456	$10,495,796	$30,285,563	$100,660
2023	$9,334,734	$9,055,451	$30,526,471	$279,283
2022	$9,106,360	$9,842,266	$30,139,027	$-735,906
2021	$13,635,091	$13,449,004	$30,791,053	$186,087
2020	$12,941,930	$12,537,971	$30,492,336	$403,959
2019	$15,137,185	$15,406,029	$30,583,158	$-268,844

WORKFORCE ESSENTIALS INC