THE WORK CONNECTION INC (EIN 721044872) - 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

1987

Legal Domicile

Principal Officer

LOREY OWENS

Phone

9858736855

Tax Period

2023-07-01 to 2024-06-30

THE WORK CONNECTION INC, founded in 1987, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

REGIONAL WORKFORCE READINESS AND TRAINING

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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 $1,434,389

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,434,389

Expense Breakdown

Grants Paid $432,996

Salaries & Benefits $767,425

Fundraising Expenses $0

Program Expenses $1,444,703

Other Expenses $248,617

TOTAL EXPENSES $1,449,038

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,434,389	$1,522,897	-0.1%
Expenses	$1,449,038	$1,547,782	-0.1%
Net Income	$-14,649	$-24,885	-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

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

$70,355

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIE ST PIERRE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GREGORY HARDING	VICE CHARIMAN	1.00	Officer Director	$0	$0	$0
NICOL MONTIVILLE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JIMMIE WINSTON	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT PAGAN	DIRECTOR	0.50	Director	$0	$0	$0
LOREY OWENS	EXECUTIVE DIRECTOR	40.00	Officer	$70,355	$0	$70,355

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	No data	No data	No data	No data
2024	$1,434,389	$1,449,038	$398,312	$-14,649
2023	$1,522,897	$1,547,782	$196,134	$-24,885
2022	$1,191,834	$1,176,385	$187,518	$15,449
2021	$1,325,469	$1,336,559	$127,802	$-11,090
2020	$1,282,694	$1,294,677	$130,725	$-11,983
2019	$1,340,767	$1,361,219	$119,149	$-20,452
2018	$1,286,718	$1,289,340	$207,295	$-2,622

THE WORK CONNECTION INC