VALEO VOCATION

EIN: 824092268 501(c)(3) Employment

Tacoma, WA

Total Revenue
$6,620,316
Total Expenses
$6,680,403
Total Assets
$5,586,427
Net Assets
$4,179,109
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
WA
Principal Officer
Sherri Jensen
Phone
2533012134
Tax Period
2025-01-01 to 2025-12-31

VALEO VOCATION, founded in 2018, is a community nonprofit in the Employment sector that reported $6.6M in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year.

Mission

Valeos purpose is to use employment as a tool to end homelessness for participants by providing transitional jobs subsidized employment vocational training comprehensive case management financial counseling career navigation and support services.

Program Service Accomplishments

Program 1
Expenses: $5,545,347 Revenue: $2,176,353

Workforce Housing & Shelter Operations: Managed multiple workforce shelter and housing sites including enhancing the Calyx Communities model. Upgraded the MLK site to accommodate 30 seasonal shelter...

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Workforce Housing & Shelter Operations: Managed multiple workforce shelter and housing sites including enhancing the Calyx Communities model. Upgraded the MLK site to accommodate 30 seasonal shelter participants and progressed with the development of the Altheimer site for couples housing. Continued overseeing shelter contracts in Olympia and Pierce County providing stable housing with comprehensive workforce support. In total Valeo assisted 1131 participants across our shelter programs. Workforce Development & Employment Services: Offered transitional and supported employment to 1024 individuals including 990 new participants in 2025. Of these 74% were unhoused upon intake 38% had justice involvement and 34% were managing behavioral health concerns. Re-Entry Services Pathways to Progress-PTP: Expanded Valeos inaugural specialized re-entry program in collaboration with Pierce County District Court. This program furnishes workforce and housing assistance to justice-impacted individuals engaged with the district court aiding 50 individuals through our innovative WorkCrew Program. Social Enterprise Development SED: Broadened commercial and nonprofit staffing operations yielding over 1,684,622.24 in earned income from contracts with three new employer partners in 2025: Tacoma Humane Society Superior Builders and Precision Iron Works.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $4,443,753
Program Service Revenue $2,176,353
Investment Income $210
Other Revenue $0
TOTAL REVENUE $6,620,316

Expense Breakdown

Grants Paid $31,474
Salaries & Benefits $5,075,225
Fundraising Expenses $143,586
Program Expenses $5,545,347
Other Expenses $1,535,204
TOTAL EXPENSES $6,680,403

Year-over-Year Comparison

2025 2024 Change
Revenue $6,620,316 $7,316,182 -0.1%
Expenses $6,680,403 $5,984,879 +0.1%
Net Income $-60,087 $1,331,303 -1.0%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
312
Volunteers
5

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
1
$0
Total Directors
3
$24,174
Key Employees
2
$202,103
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Luis Rivera Zayas President 1.00
Officer
$0 $0 $0
Corwin Scott Board Member 1.00
Director
$0 $0 $0
Erica Azcueta Board Member 1.00
Director
$0 $0 $0
Bruce Taylor Chief Operating Officer 40.00
Director Key Emp
$24,174 $0 $24,174
Sherri Jensen Executive Director 40.00
Key Emp Highest
$150,088 $27,841 $177,929
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 $6,620,316 $6,680,403 $5,586,427 $-60,087
2024 No data No data No data No data
2023 $8,053,706 $5,403,099 $5,846,330 $2,650,607
2022 $5,531,688 $4,898,827 $1,753,339 $632,861
2021 $2,985,163 $2,835,992 $337,654 $149,171
2020 $1,615,309 $1,653,310 $201,408 $-38,001
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