WORKNET PINELLAS 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

2001

Legal Domicile

Principal Officer

SHEILA DOYLE

Phone

8133972077

Tax Period

2023-07-01 to 2024-06-30

WORKNET PINELLAS INC, founded in 2001, is a community nonprofit that reported $9.6M in total revenue in fiscal year 2023.

Mission

THE MISSION OF CAREERSOURCE PINELLAS IS TO BUILD THE TALENT PIPELINE FOR TODAY AND THE FUTURE BY PROVIDING EASY ACCESS TO WORKFORCE SOLUTIONS.

Program Service Accomplishments

Program 1

Expenses: $4,739,488

WORKFORCE INNOVATION AND OPPORTUNITY ACT - THE PURPOSE OF THE PROGRAM IS TO BUILD A SKILLED WORKFORCE THAT EMPLOYERS NEED. THIS PROGRAM IS DESIGNED TO PROVIDE TRAINING OPPORTUNITIES IN HIGH DEMAND...

WORKFORCE INNOVATION AND OPPORTUNITY ACT - THE PURPOSE OF THE PROGRAM IS TO BUILD A SKILLED WORKFORCE THAT EMPLOYERS NEED. THIS PROGRAM IS DESIGNED TO PROVIDE TRAINING OPPORTUNITIES IN HIGH DEMAND OCCUPATIONS TO INCREASE EMPLOYMENT, RETENTION AND EARNINGS OF WIOA PROGRAM PARTICIPANTS.

Program 2

Expenses: $1,725,732

TEMPORARY ASSISTANCE FOR NEEDY FAMILIES - THE PURPOSE OF THE TEMPORARY ASSISTANCE FOR NEEDY FAMILIES (TANF) PROGRAM IS TO PROVIDE TEMPORARY FINANCIAL HELP TO ELIGIBLE LOW-INCOME FAMILIES. THE PROGRAM IS DESIGNED TO END DEPENDENCE BY NEEDY PARENTS ON GOVERNMENT BENEFITS BY PROMOTING TRAINING, JOB PREPARATION AND WORK.

Program 3

Expenses: $2,393,315

EMPLOYMENT SERVICE CLUSTER - THE PURPOSE OF THE PROGRAM IS TO IMPROVE THE FUNCTIONING OF THE NATION'S LABOR MARKETS BY BRINGING TOGETHER INDIVIDUALS SEEKING EMPLOYMENT WITH EMPLOYERS SEEKING WORKERS. THE SERVICES PROVIDED THROUGH WAGNER PEYSER ARE JOB SEARCH ASSISTANCE, RECRUITING ASSISTANCE FOR EMPLOYERS, MATCHING SERVICES FOR JOB SEEKERS AND EMPLOYERS AND WORK TEST REQUIREMENTS ASSISTANCE FOR UNEMPLOYMENT COMPENSATION CLAIMANTS.

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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 $9,078,823

Program Service Revenue $48,724

Investment Income $83,929

Other Revenue $406,256

TOTAL REVENUE $9,617,732

Expense Breakdown

Grants Paid $1,627,264

Salaries & Benefits $4,775,367

Fundraising Expenses $0

Program Expenses $9,261,585

Other Expenses $3,825,972

TOTAL EXPENSES $10,228,603

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,617,732	$9,370,623	+0.0%
Expenses	$10,228,603	$9,348,545	+0.1%
Net Income	$-610,871	$22,078	-28.7%

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

$294,316

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARCLAY HARLESS	TREASURER	1.00	Officer Director	$0	$0	$0
BART DIEBOLD	DIRECTOR	1.00	Director	$0	$0	$0
BELINTHIA BERRY	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN FRIEDMAN	DIRECTOR	1.00	Director	$0	$0	$0
CANDIDA DUFF	DIRECTOR	1.00	Director	$0	$0	$0
CELESTE FERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FETKENHER	DIRECTOR	1.00	Director	$0	$0	$0
DAWN PETERS	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH SIPLIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ESTHER MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$0
GLENN WILLOCKS	DIRECTOR	1.00	Director	$0	$0	$0
IVONNE ALVAREZ	DIRECTOR	1.00	Director	$0	$0	$0
JACK GELLER	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH WILLIAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
LARRY MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
MARK HUNT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL JALAZO	DIRECTOR	1.00	Director	$0	$0	$0
NICK DICEGLIE	DIRECTOR	1.00	Director	$0	$0	$0
NIKISHA LEZAMA	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA SAWYER	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA SARLO	DIRECTOR	1.00	Director	$0	$0	$0
RENE FLOWERS	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT THOMAS	CHAIR	1.00	Officer Director	$0	$0	$0
SHAWN MCDONNELL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM HOLLAND	DIRECTOR	1.00	Director	$0	$0	$0
ZACHARY WHITE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ZIRILLI	CFO	50.00	Officer	$94,006	$16,395	$110,401
STEVEN MEIER	CEO	50.00	Officer	$161,018	$22,897	$183,915

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	No data	$635,786	No data	No data
2024	$9,617,732	$10,228,603	$1,760,680	$-610,871
2023	$9,370,623	$9,348,545	$2,459,675	$22,078
2022	$7,597,320	$9,531,291	$1,995,144	$-1,933,971
2021	$8,435,830	$8,369,496	$4,119,830	$66,334
2020	$10,218,758	$9,632,999	$4,294,123	$585,759
2019	$9,378,884	$9,620,518	$4,268,395	$-241,634
2018	$13,108,095	$13,183,682	$4,750,072	$-75,587