WORKFORCE RESOURCE INC (EIN 621795688) - 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

LISA MCDANIEL

Phone

9407671432

Tax Period

2023-10-01 to 2024-09-30

WORKFORCE RESOURCE INC, founded in 1996, is a mid-sized nonprofit in the Employment sector that reported $13.5M in total revenue in fiscal year 2023.

Mission

TO PLACE NORTH TEXANS IN JOBS AND EQUIP WORKERS WITH THE SKILLS THAT FOSTER ECONOMIC DEVELOPMENT

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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 $13,506,574

Program Service Revenue $0

Investment Income $1,926

Other Revenue $0

TOTAL REVENUE $13,508,500

Expense Breakdown

Grants Paid $11,530,494

Salaries & Benefits $770,139

Fundraising Expenses $0

Program Expenses $11,530,494

Other Expenses $1,204,336

TOTAL EXPENSES $13,504,969

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,508,500	$13,123,165	+0.0%
Expenses	$13,504,969	$13,074,610	+0.0%
Net Income	$3,531	$48,555	-0.9%

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

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

$88,388

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RHONDA SCHREIBER	CHAIR	1.00	Director	$0	$0	$0
ANTHONY LOUIS	VICE-CHAIR	1.00	Director	$0	$0	$0
LINDA WHITAKER	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
KRISTIN LITTLE	MEMBER	0.50	Director	$0	$0	$0
MARSHA ANDERSON	MEMBER	0.50	Director	$0	$0	$0
MICHAEL BLEVINS	MEMBER	0.50	Director	$0	$0	$0
BILLY CLARK	MEMBER	0.50	Director	$0	$0	$0
MICHELLE WOOD	MEMBER	0.50	Director	$0	$0	$0
KENNY MILLER	MEMBER	0.50	Director	$0	$0	$0
TONI ALONZO	MEMBER	0.50	Director	$0	$0	$0
STEVE M HOLLOWAY	MEMBER	0.50	Director	$0	$0	$0
MARIA JAIMES-CONTRERAS	MEMBER	0.50	Director	$0	$0	$0
LAUREN BUSH	MEMBER	0.50	Director	$0	$0	$0
SCOTTY SPROLES	MEMBER	0.50	Director	$0	$0	$0
DORI DOCKERY	MEMBER	0.50	Director	$0	$0	$0
CHERYL GROVES	MEMBER	0.50	Director	$0	$0	$0
CHELSEA LEWIS	MEMBER	0.50	Director	$0	$0	$0
DEBBIE POWELL	MEMBER	0.50	Director	$0	$0	$0
MILEASHA RIZAN	MEMBER	0.50	Director	$0	$0	$0
CRYSTAL SANDERS	MEMBER	0.50	Director	$0	$0	$0
JIM SJOLANDER	MEMBER	0.50	Director	$0	$0	$0
DIRK WELCH	MEMBER	0.50	Director	$0	$0	$0
TERRY MCADAMS	MEMBER	0.50	Director	$0	$0	$0
JULIE YOUNG	MEMBER	0.50	Director	$0	$0	$0
GLENDA RAMSEY	MEMBER	0.50	Director	$0	$0	$0
LISA MCDANIEL	EXECUTIVE DIRECTOR	40.00	Officer	$88,388	$0	$88,388

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
2024	$13,508,500	$13,504,969	$3,608,566	$3,531
2023	$13,123,165	$13,074,610	$3,759,517	$48,555
2022	$13,420,337	$13,416,504	$3,921,859	$3,833
2021	$10,163,355	$10,050,002	$912,226	$113,353
2020	$10,572,899	$10,570,934	$800,205	$1,965
2019	$8,052,725	$8,022,492	$832,045	$30,233
2018	$7,590,101	$7,391,576	$749,911	$198,525

WORKFORCE RESOURCE INC