WORKFORCE DEVELOPMENT COUNCIL SEATTLE-KI (EIN 912051978) - 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

2000

Legal Domicile

Principal Officer

MARIE KUROSE

Phone

4254953357

Tax Period

2024-07-01 to 2025-06-30

WORKFORCE DEVELOPMENT COUNCIL SEATTLE-KI, founded in 2000, is a mid-sized nonprofit in the Employment sector that reported $28.1M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

THE WORKFORCE DEVELOPMENT COUNCIL OF SEATTLE KING COUNTY (WDC) IS A NONPROFIT ORGANIZATION DRIVING REGIONAL STRATEGIES TO CREATE AN EQUITABLE, INCLUSIVE AND RESILIENT WORKFORCE SYSTEM. WE BRING TOGETHER PUBLIC AND PRIVATE, AND COMMUNITY PARTNERS TO REMOVE BARRIERS, ALIGN RESOURCES AND SUPPORT ECONOMIC OPPORTUNITY FOR ALL.

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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 $28,104,248

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $28,104,248

Expense Breakdown

Grants Paid $22,501,640

Salaries & Benefits $4,746,670

Fundraising Expenses $0

Program Expenses $26,455,443

Other Expenses $1,056,573

TOTAL EXPENSES $28,304,883

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,104,248	$23,186,040	+0.2%
Expenses	$28,304,883	$23,148,368	+0.2%
Net Income	$-200,635	$37,672	-6.3%

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

$464,123

Total Directors

Key Employees

$210,082

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIE KUROSE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$207,162	$58,183	$265,345
ERICKA COX	CHIEF OF STAFF	40.00	Key Emp	$194,947	$15,135	$210,082
JEFFREY SIKORA	DIRECTOR OF FINANCE	40.00	Officer	$167,805	$30,973	$198,778
MICHAEL DAVIE	DIRECTOR OF PROGRAMS	40.00	Highest	$165,883	$25,451	$191,334
MARISOL HOPPER	DIRECTOR OF STRATEGIC PARTNERSHIPS & FUNDING	40.00	Highest	$163,133	$24,953	$188,086
JAMES PANNELL	DIRECTOR OF PERFORMANCE	40.00	Highest	$153,764	$34,693	$188,457
JOSEPH TAYLOR	SENIOR COMMUNICATIONS MANAGER	40.00	Highest	$141,477	$19,407	$160,884
JEREMY WARREN	DIRECTOR OF IMPACT	40.00	Highest	$142,977	$17,372	$160,349
JIQUANDA NELSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KATIE GARROW	BOARD TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
MONTY ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON BIAS	BOARD MEMBER	1.00	Director	$0	$0	$0
GINA BREUKELMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE BROOM	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINE CHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JANICE CLUSSERATH	BOARD MEMBER	1.00	Director	$0	$0	$0
LIGAYA DOMINGO	BOARD MEMBER	1.00	Director	$0	$0	$0
NINO GRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
DR YOSHIKO HARDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
KATE HARKESS	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN MCLAUGHLIN PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
NICHOLAS MICHIELS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNA PAVLIK	BOARD MEMBER	1.00	Director	$0	$0	$0
VAUGHN TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
LARS TURNER	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWIN WANJI	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHTON ALLISON	CHIEF ELECTED OFFICIAL	1.00	Director	$0	$0	$0
MARKHAM MCITYRE	CHIEF ELECTED OFFICIAL	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	$28,104,248	$28,304,883	$6,146,215	$-200,635
2024	$23,186,040	$23,148,368	$6,005,735	$37,672
2023	$18,519,480	$18,907,752	$4,664,117	$-388,272
2022	$16,132,138	$15,222,861	$3,861,444	$909,277
2021	$14,146,316	$13,588,479	$4,241,912	$557,837
2020	$11,398,885	$11,571,541	$3,369,370	$-172,656
2019	$13,889,782	$12,909,945	$3,092,031	$979,837
2018	$13,686,676	$13,761,053	$2,228,845	$-74,377

WORKFORCE DEVELOPMENT COUNCIL SEATTLE-KI