Workforce Mid-South Inc (EIN 850869795) - 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

2020

Legal Domicile

Principal Officer

Kyla Guyette

Phone

9017078800

Tax Period

2022-07-01 to 2023-06-30

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.

Mission

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.

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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 (2022)

Revenue Breakdown

Contributions & Grants $12,705,550

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $12,705,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,211,701

Fundraising Expenses $22,598

Program Expenses $12,018,023

Other Expenses $11,968,891

TOTAL EXPENSES $13,180,592

Year-over-Year Comparison

	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%

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

$13,066

Highest Compensated

reported

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

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
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

Workforce Mid-South Inc