WORKQUEST

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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

1978

Legal Domicile

Principal Officer

FRED M WEBER JR

Phone

5124518145

Tax Period

2023-10-01 to 2024-09-30

WORKQUEST, founded in 1978, is a mid-sized nonprofit in the Employment sector that reported $17.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.6M, a strong 20% operating margin.

Mission

TO PROCURE CONTRACTING OPPORTUNITIES THAT EMPLOY INDIVIDUALS WITH DISABILITIES

Program Service Accomplishments

Program 1

Expenses: $13,651,844 Revenue: $17,707,652

MARKETING OF PRODUCTS MADE AND SERVICES OFFERED BY INDIVIDUALS WITH DISABILITIES TO STATE AND LOCAL GOVERNMENTAL UNITS.

Program 2

Expenses: $161,724

PROVISION OF NET ASSETS FOR TECHNICAL ASSISTANCE TO COMMUNITY REHABILITATION PROGRAMS FROM AROUND THE STATE OF TEXAS.

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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 $0

Program Service Revenue $17,707,652

Investment Income $232,171

Other Revenue $-14

TOTAL REVENUE $17,939,809

Expense Breakdown

Grants Paid $161,724

Salaries & Benefits $7,323,683

Fundraising Expenses $0

Program Expenses $13,813,568

Other Expenses $6,832,270

TOTAL EXPENSES $14,317,677

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,939,809	$16,519,716	+0.1%
Expenses	$14,317,677	$13,712,559	+0.0%
Net Income	$3,622,132	$2,807,157	+0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GIBSON DUTERROIL	CHAIRMAN EME	N/A	Director	$0	$0	$0
JOHN LUNA	CHAIRMAN	N/A	Director	$0	$0	$0
PEGGY FOREMAN	TREASURER	N/A	Director	$0	$0	$0
JACK NASH	SECRETARY	N/A	Director	$0	$0	$0
BRIAN MILLER	VICE-CHAIRMA	N/A	Director	$0	$0	$0
DONNIE WILLIAMS	MEMBER	N/A	Director	$0	$0	$0
KEVIN JACKSON	MEMBER	N/A	Director	$0	$0	$0
JASON MODGLIN	MEMBER	N/A	Director	$0	$0	$0
FRED M WEBER JR	PRESIDENT &	N/A	Highest	$520,515	$55,487	$576,002
ROXY VAN LOO	DIRECTOR OF	N/A	Highest	$207,125	$35,966	$243,091
SCOTT DEVETTER	DIRECTOR OF	N/A	Highest	$200,752	$34,678	$235,430
ISMAEL MENDEZ	DIRECTOR OF	N/A	Highest	$199,550	$30,140	$229,690
JOSEPH RADFORD	DIRECTOR OF	N/A	Highest	$189,500	$41,200	$230,700

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	$17,939,809	$14,317,677	$28,360,572	$3,622,132
2023	$16,519,716	$13,712,559	$24,023,994	$2,807,157
2022	$14,994,673	$13,174,613	$20,664,569	$1,820,060
2021	$14,160,327	$12,041,633	$20,108,817	$2,118,694
2020	$12,929,135	$11,441,259	$18,528,675	$1,487,876
2019	$13,150,753	$11,967,648	$17,457,678	$1,183,105
2018	$13,302,847	$11,764,563	$17,072,667	$1,538,284