WORKFORCE NETWORK 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

Principal Officer

FAY CRIDER

Phone

3615332462

Tax Period

2024-10-01 to 2025-09-30

WORKFORCE NETWORK INC is a small nonprofit in the Religion sector that reported $766K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

WORKFORCE NETWORK, INC HAS A MISSION TO ESTABLISH A CAREER PATHWAY SYSTEM TO CULTIVATE SKILLED WORKERS IN THE INDUSTRY SECTORS DRIVING ECONOMIC PROSPERITY IN THE HIGHLAND LAKES AREA.

Program Service Accomplishments

Program 1

Expenses: $681,041 Revenue: $621,446

TO BUILD REGIONAL CAREER TRAINING SYSTEMS TO CULTIVATE SKILLED WORKERS IN THE INDUSTRY SECTORS DRIVING ECONOMIC PROSPERITY IN THE HIGHLAND LAKES AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $144,963

Program Service Revenue $621,446

Investment Income $0

Other Revenue $0

TOTAL REVENUE $766,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $606,588

Fundraising Expenses $0

Program Expenses $681,041

Other Expenses $141,949

TOTAL EXPENSES $748,537

Year-over-Year Comparison

	2024	2023	Change
Revenue	$766,409	$685,091	+0.1%
Expenses	$748,537	$730,951	+0.0%
Net Income	$17,872	$-45,860	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BESSIE JACKSON	MEMBER	2.00	Director	$0	$0	$0
BILL RIVES	CHAIRMAN	2.00	Director	$0	$0	$0
LARRY STAHL	VICE CHAIRMA	2.00	Director	$0	$0	$0

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	$766,409	$748,537	$51,358	$17,872
2024	$685,091	$730,951	$33,337	$-45,860
2023	$602,540	$608,613	$79,198	$-6,073
2022	$132,285	$98,693	$102,099	$33,592
2022	$7,528	$24,356	$86,405	$-16,828