SEIU 503 TRAINING PARTNERSHIP

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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

2018

Legal Domicile

Principal Officer

MELISSA UNGER

Phone

8445037348

Tax Period

2023-01-01 to 2023-12-31

SEIU 503 TRAINING PARTNERSHIP, founded in 2018, is a mid-sized nonprofit in the Education sector that reported $16.8M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.9M, a strong 41% operating margin.

Mission

PROVIDE HOMECARE AND PERSONAL SUPPORT WORKERS WITH TRAINING TO EQUIP THEM WITH THE TOOLS AND CONFIDENCE NEEDED TO GIVE THE CONSUMER THE MOST IMPACTFUL AND SAFEST CARE AND SUPPORT POSSIBLE.

Program Service Accomplishments

Program 1

Expenses: $7,806,503 Revenue: $16,615,895

PROVIDED TRAINING TO HOMECARE AND PERSONAL SUPPORT WORKERS.

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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 $16,615,895

Program Service Revenue $0

Investment Income $191,451

Other Revenue $0

TOTAL REVENUE $16,807,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,806,503

Other Expenses $9,949,314

TOTAL EXPENSES $9,949,314

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,807,346	$15,024,653	+0.1%
Expenses	$9,949,314	$12,495,771	-0.2%
Net Income	$6,858,032	$2,528,882	+1.7%

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

N/A

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
MELISSA UNGER	CHAIR	1.0	Officer Director	$0	$0	$0
REBECCA SANDOVAL	SECRETARY	1.0	Officer Director	$0	$0	$0
JOY'E WILLMAN	TRUSTEE	1.0	Director	$0	$0	$0
ANGELA JELLEY	TRUSTEE	1.0	Director	$0	$0	$0
CRISTAL DEJARNAC	TRUSTEE	1.0	Director	$0	$0	$0
CRISTINA AVILES	TRUSTEE	1.0	Director	$0	$0	$0
JOSEFINA RIGGS	TRUSTEE	1.0	Director	$0	$0	$0
VANESSA HERRIOTT	TRUSTEE	1.0	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
2024	No data	No data	No data	No data
2023	$16,807,346	$9,949,314	$34,477,408	$6,858,032
2022	$15,024,653	$12,495,771	$26,141,764	$2,528,882
2021	$3,868,415	$7,733,524	$26,268,019	$-3,865,109
2020	$18,237,528	$2,830,088	$30,007,763	$15,407,440
2019	$15,321,400	$775,932	$14,545,468	$14,545,468