WORK SERVICES CORPORATION (EIN 752247311) - 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

1978

Legal Domicile

Principal Officer

DAVID G TOOGOOD

Phone

9407663207

Tax Period

2024-01-01 to 2024-12-31

WORK SERVICES CORPORATION, founded in 1978, is a mid-sized nonprofit in the Employment sector that reported $51.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $45.9M left a modest 11% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO EMPOWER PEOPLE WITH DISABILITIES TO ACHIEVE PERSONAL GROWTH AND INDEPENDENCE, AND INCLUDE VOCATIONAL ASSESSMENTS, VOCATIONAL TRAINING, JOB SEARCH SERVICES, JOB PLACEMENT, AND EMPLOYMENT.

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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 $7,500

Program Service Revenue $45,913,448

Investment Income $5,645,866

Other Revenue $-792

TOTAL REVENUE $51,566,022

Expense Breakdown

Grants Paid $39,060

Salaries & Benefits $38,007,569

Fundraising Expenses $0

Program Expenses $41,215,162

Other Expenses $7,877,022

TOTAL EXPENSES $45,923,651

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,566,022	$46,096,919	+0.1%
Expenses	$45,923,651	$44,557,306	+0.0%
Net Income	$5,642,371	$1,539,613	+2.7%

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

1194

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

$229,929

Total Directors

Key Employees

$170,214

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FELICE BAIRD	CHAIRPERSON	0.00	Officer Director	$0	$0	$0
WOODROW W GOSSOM JR	VICE CHAIRPERSON	0.00	Officer Director	$0	$0	$0
DEANDREA DAVIS	SECRETARY/TREASURER	0.00	Officer Director	$0	$0	$0
KEN DOWDY	PAST CHAIRPERSON	0.00	Officer Director	$0	$0	$0
GARY CARDWELL	DIRECTOR	0.00	Director	$0	$0	$0
SUSAN ELLIOT	DIRECTOR	0.00	Director	$0	$0	$0
TROY FARRIS	DIRECTOR	0.00	Director	$0	$0	$0
ALAN FREEMAN	DIRECTOR	0.00	Director	$0	$0	$0
JEAN GRAHAM	DIRECTOR	0.00	Director	$0	$0	$0
MARK SNYDER	DIRECTOR	0.00	Director	$0	$0	$0
DAVID TOOGOOD	CEO	40.00	Officer	$229,929	$0	$229,929
BEN EZZELL	CHIEF OPERATING OFFICER	40.00	Key Emp	$170,214	$0	$170,214
ROBERT A PROPP	VP OF HUMAN RESOURCES	40.00	Highest	$134,358	$0	$134,358
HOLLY BURROUGHS	VP OF TECH/PROCESS OPS	40.00	Highest	$111,881	$0	$111,881
PHILLIP CARDINAL	MANAGER III	40.00	Highest	$108,836	$0	$108,836
PAMELA BRAATZ	DIR. OF BUS. DEV.	40.00	Highest	$107,511	$0	$107,511
MILEASHA RIZAN	VP OF HUMAN SERVICES	40.00	Highest	$106,902	$0	$106,902

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	$51,566,022	$45,923,651	$73,871,642	$5,642,371
2023	$46,096,919	$44,557,306	$68,252,523	$1,539,613
2022	$42,926,540	$38,964,030	$62,163,586	$3,962,510
2021	$39,341,649	$34,874,096	$65,100,317	$4,467,553
2020	$34,530,494	$32,174,461	$56,899,690	$2,356,033
2019	$33,205,566	$30,274,183	$51,851,920	$2,931,383
2018	$25,977,939	$27,215,932	$45,088,216	$-1,237,993

WORK SERVICES CORPORATION