Memphis, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Workforce Mid-South Inc, founded in 2020, is a mid-sized nonprofit in the Human Services sector that reported $12.7M in total revenue in fiscal year 2022.
Implementation of the workforce innovation & Oportunity Act (WIOA) of 2014. This is a Federal Government funded Act that is channeld through the State of TN Department of Labor & Workforce Development.
Workforce Mid-South, Inc. (WMS ) is a nonprofit corporation-domestic organzation. Its's primary role is for the implementation of the Workforce Innovation and Opportunity Act (WIOA) of 2014. This is...
Workforce Mid-South, Inc. (WMS ) is a nonprofit corporation-domestic organzation. Its's primary role is for the implementation of the Workforce Innovation and Opportunity Act (WIOA) of 2014. This is a Federal Government funded Act that is channeled through the State of Tennessee Department of Labor and Workforce Development(TLoD). WIOA provided authorizing legislation for Labor and Workforce Development (TLoD). WIOA provided authorizing legislation for oversight and administration of public employment and training programs delivered through statewide systems. These are primarily assistance to those marginalized populations to upskill retain educate and empower for employment, and improvement in employment. WMS also works with employers to identify skills they need now and in the future. It then works at matching unemloyed to employers. This is done through key programs for Adult, Youth and Dislocated population. WMS partners with other initiatives such as TANF,SNAP, Justice involved etc. to create a comprehensive One Stop System that addresses the needs of those in challenged circumstances. . As presented in its Tennessee registration, WMS shall be funded and equipped to serve the four county areas on West TN, namely Shelby County, Fayette County, Tipton County and Lauderdale County - As a nonprofit corporation, WMS also utilizes other funds to support other initiatives that are outside the scope and restrictions of WIOA activities. These initiatives are complentary to and support the objectives of WIOA and the regional needs of the local communities. The organization also works together with key stakeholders such as policy makers, local businesses, and education entities etc. to better understand the workforce needs, to identify solutions to workforce problems and strategically work to meet those needs.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $12,705,550 | $13,181,588 | 0.0% |
| Expenses | $13,180,592 | $13,104,304 | +0.0% |
| Net Income | $-475,042 | $77,284 | -7.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Kyla Guyette | President | 40.00 |
Key Emp
|
$13,066 | $0 | $13,066 |
| Lee Harris | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Rhea Taylor | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Maurice Gaines | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Jeff Huffman | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| James Robinson | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Quennetta Stanford | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Melanie Connell Sprenkle | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Mark Herbison | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Emily Land | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $12,705,550 | $13,180,592 | $2,157,973 | $-475,042 |
| 2022 | $13,181,588 | $13,104,304 | $3,846,809 | $77,284 |
| 2021 | $10,480,556 | $10,405,303 | $2,245,492 | $75,253 |
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