WORKSOURCE - GREATER AUSTIN AREA D… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

TAMARA ATKINSON

Phone

5125977100

Tax Period

2023-10-01 to 2024-09-30

WORKSOURCE - GREATER AUSTIN AREA DBA WORKFORCE SOLUTIONS - CAPITAL, founded in 1984, is a mid-sized nonprofit in the Employment sector that reported $71.1M in total revenue in fiscal year 2023.

Mission

TO LEAD THE REGION'S WORKFORCE SYSTEM IN THE DEVELOPMENT OF A WORLD-CLASS WORKFORCE.

Program Service Accomplishments

Program 1

Expenses: $63,962,344

THE ORGANIZATION PROVIDES POLICY AND PROGRAM GUIDANCE AND ADMINISTERS WORKFORCE DEVELOPMENT PROGRAMS FOR THE AUSTIN AND TRAVIS COUNTY SERVICE DELIVERY AREA. DURING THIS FISCAL YEAR, THE BOARD SERVED...

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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 $67,334,268

Program Service Revenue $2,572,217

Investment Income $190,599

Other Revenue $971,012

TOTAL REVENUE $71,068,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,483,346

Fundraising Expenses $0

Program Expenses $63,962,344

Other Expenses $55,300,479

TOTAL EXPENSES $70,783,825

Year-over-Year Comparison

	2023	2022	Change
Revenue	$71,068,096	$72,038,510	0.0%
Expenses	$70,783,825	$71,368,402	0.0%
Net Income	$284,271	$670,108	-0.6%

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

$766,312

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK SHERRY	CHAIR	6.00	Officer Director	$0	$0	$0
DAVID PARKS	VICE CHAIR	5.00	Officer Director	$0	$0	$0
MICHELLE TEAKELL	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
ALLISON WILSON	BOARD MEMBER	4.00	Director	$0	$0	$0
ARATI SIGNH	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL IMHOFF	BOARD MEMBER	5.00	Director	$0	$0	$0
CATHY MCHORSE	BOARD MEMBER	4.00	Director	$0	$0	$0
DARREN LEWIS	BOARD MEMBER	5.00	Director	$0	$0	$0
ERNESTO DEL VALLE	BOARD MEMBER	2.00	Director	$0	$0	$0
GARRETT GROVES	BOARD MEMBER	4.00	Director	$0	$0	$0
GREG HARTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JACOB CALHOUN	BOARD MEMBER	4.00	Director	$0	$0	$0
JOE COOPER	BOARD MEMBER	5.00	Director	$0	$0	$0
JOHN NEWMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
JOSH CRAWFORD	BOARD MEMBER	5.00	Director	$0	$0	$0
JULIE HAJEK	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN CAMPBELL	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA JACKSON	BOARD MEMBER	4.00	Director	$0	$0	$0
LOURDES ZUNIGA	BOARD MEMBER	5.00	Director	$0	$0	$0
MELANIE FLOWERS	BOARD MEMBER	6.00	Director	$0	$0	$0
MICHAEL MARLER	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELE GLAZE	BOARD MEMBER	2.00	Director	$0	$0	$0
PHIL WALKER	BOARD MEMBER	3.00	Director	$0	$0	$0
PILAR SANCHEZ	BOARD MEMBER	4.00	Director	$0	$0	$0
SYLNOVIA HOLT-RABB	BOARD MEMBER	2.00	Director	$0	$0	$0
TAMITHA BLACKMON	BOARD MEMBER	4.00	Director	$0	$0	$0
TYLER YEOMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
VERONDA DURDEN	BOARD MEMBER	6.00	Director	$0	$0	$0
VERONICA RAMIREZ	BOARD MEMBER	4.00	Director	$0	$0	$0
LEONARD AGUILAR	BOARD MEMBER	4.00	Director	$0	$0	$0
PHIL THODEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LAWREMCE LYMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN BROCKMAN-WEBER	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN DAWSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSANA CARBAJAL	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS MIRANDA	BOARD MEMBER	1.00	Director	$0	$0	$0
WALT GONZALES	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMARA ATKINSON	CEO	40.00	Officer	$209,110	$0	$209,110
ANGELICA BENAVIDES	CIO	40.00	Officer	$177,560	$0	$177,560
LOUIS TATUM	CFO	40.00	Officer	$124,003	$0	$124,003
YAEL LAWSON	COO	40.00	Officer	$138,749	$0	$138,749
JAMESON CARDENAS	CHIEF OF MARKERTING & COMMUNICATIONS	40.00	Officer	$116,890	$0	$116,890
CHERYL CARTER	CFO - FORMER	40.00		$111,982	$0	$111,982

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	$71,068,096	$70,783,825	$20,334,494	$284,271
2023	$72,038,510	$71,368,402	$21,207,325	$670,108
2022	$67,000,756	$67,251,506	$11,423,097	$-250,750
2021	$58,093,969	$58,453,019	$7,261,815	$-359,050
2020	$53,765,103	$53,747,849	$7,090,118	$17,254
2019	$47,679,016	$47,818,706	$6,646,822	$-139,690
2018	$42,101,959	$42,132,321	$4,592,760	$-30,362

WORKSOURCE - GREATER AUSTIN AREA DBA WORKFORCE SOLUTIONS - CAPITAL