Work Texas Training Center (EIN 842049231) - 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

2019

Legal Domicile

Principal Officer

Mike Feinberg

Phone

7132020549

Tax Period

2023-07-01 to 2024-06-30

Work Texas Training Center, founded in 2019, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 58% operating deficit.

Mission

Help people get jobs, keep jobs, and advance in their careers

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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 $915,944

Program Service Revenue $474,838

Investment Income $-5,616

Other Revenue $0

TOTAL REVENUE $1,385,166

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $783,688

Fundraising Expenses $44,151

Program Expenses $1,910,549

Other Expenses $1,399,060

TOTAL EXPENSES $2,192,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,385,166	$2,771,007	-0.5%
Expenses	$2,192,748	$2,957,832	-0.3%
Net Income	$-807,582	$-186,825	+3.3%

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

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
Mike Feinberg	Board Chair	5.00	Officer Director	$0	$0	$0
Leo Linbeck III	Secretary	1.00	Director	$0	$0	$0
Anthony Annunziato	Board Member	1.00	Director	$0	$0	$0
Melissa Gonzalez	Board Member	1.00	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	No data	No data	No data	No data
2024	$1,385,166	$2,192,748	$5,395,216	$-807,582
2023	$2,771,007	$2,957,832	$6,175,122	$-186,825
2022	$2,231,935	$1,929,163	$5,725,575	$302,772
2021	$3,403,777	$3,627,475	$715,716	$-223,698
2021	$3,493,908	$1,406,997	$3,364,474	$2,086,911
2020	$535,662	$385,909	$183,380	$149,753

Work Texas Training Center