WORKFORCE TRAINING ASSOCIATES (EIN 871928708) - 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

2021

Legal Domicile

Principal Officer

JANNET MALIG

Phone

5627123816

Tax Period

2024-01-01 to 2024-12-31

WORKFORCE TRAINING ASSOCIATES, founded in 2021, is a small nonprofit in the Employment sector that reported $412K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $114K, a strong 28% operating margin.

Mission

THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES SUCH AS THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS AND FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, LITERARY AND SCIENTIFIC PURPOSES, AND THE FOSTERING OF NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS, UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $411,693

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $411,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,839

Fundraising Expenses $1,337

Program Expenses $295,926

Other Expenses $294,424

TOTAL EXPENSES $297,263

Year-over-Year Comparison

	2024	2023	Change
Revenue	$411,693	$631,877	-0.3%
Expenses	$297,263	$404,837	-0.3%
Net Income	$114,430	$227,040	-0.5%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
JANNET MALIG	Treasurer	Officer	$0	$0	$0
STEVE RICHARDSON	President	Officer	$0	$0	$0
BRIAN TRICE	Vice President	Officer	$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	$411,693	$297,263	$483,507	$114,430
2023	$631,877	$404,837	$392,729	$227,040

WORKFORCE TRAINING ASSOCIATES