Worksystems Inc (EIN 930857426) - 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

1985

Legal Domicile

Principal Officer

ANDREW MCGOUGH

Phone

5034787357

Tax Period

2024-07-01 to 2025-06-30

Worksystems Inc, founded in 1985, is a mid-sized nonprofit in the Employment sector that reported $29.0M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

TO COORDINATE A REGIONAL WORKFORCE SYSTEM THAT SUPPORTS INDIVIDUAL PROSPERITY AND BUSINESS COMPETITIVENESS.

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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 $28,307,511

Program Service Revenue $0

Investment Income $9,924

Other Revenue $678,190

TOTAL REVENUE $28,995,625

Expense Breakdown

Grants Paid $17,509,726

Salaries & Benefits $6,497,649

Fundraising Expenses $0

Program Expenses $26,382,221

Other Expenses $5,004,034

TOTAL EXPENSES $29,011,409

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,995,625	$32,223,020	-0.1%
Expenses	$29,011,409	$32,759,399	-0.1%
Net Income	$-15,784	$-536,379	-1.0%

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

$667,602

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW MCGOUGH	Executive Dir.	40.00	Officer	$235,442	$37,394	$272,836
TRICIA RYAN	COO	40.00	Officer	$202,484	$28,597	$231,081
PATRICK GIHRING	CHIEF PROGRAMS OFFICER	40.00		$186,111	$34,855	$220,966
TRACE BUSCHER	DATABASE ADMIN	40.00		$141,680	$30,315	$171,995
ANDY FITCH	CFO	40.00	Officer	$145,796	$17,889	$163,685
JENNIFER MEDHAUG	IT DIRECTOR	40.00		$139,739	$23,935	$163,674
JESSE ARONSON	PROGRAM MANAGER	40.00		$121,065	$29,291	$150,356
KARI BRENK	COMPLIANCE PROCURE	40.00		$118,825	$29,484	$148,309
DEANNE DSOUZA	PROGRAM MANAGER	40.00		$124,940	$17,105	$142,045
JAMES PAULSON	CHAIR	1.00	Officer Director	$0	$0	$0
TRAVIS STOVALL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAM TREECE	BOARD MEMBER	1.00	Director	$0	$0	$0
CARYN LILLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
LORETTA SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID FORTNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCE JONES-DIXON	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
ROY ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
CARMEN RUBIO	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI STEGMAN	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	$28,995,625	$29,011,409	$14,509,258	$-15,784
2024	$32,223,020	$32,759,399	$11,357,810	$-536,379
2023	$30,500,097	$28,933,933	$14,296,926	$1,566,164
2022	$25,074,148	$24,832,263	$15,146,570	$241,885
2021	$25,219,791	$23,624,144	$8,573,665	$1,595,647
2020	$22,948,805	$22,851,551	$6,534,230	$97,254
2019	$27,970,405	$27,073,727	$7,740,292	$896,678
2018	$26,468,453	$26,173,180	$6,948,835	$295,273

Worksystems Inc