JVS SOCAL

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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

1931

Legal Domicile

Principal Officer

JEFFREY CARR

Phone

3237618888

Tax Period

2023-01-01 to 2023-12-31

JVS SOCAL, founded in 1931, is a mid-sized nonprofit in the Employment sector that reported $39.3M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.9M, a strong 18% operating margin.

Mission

JVS SOCAL IS A CALIFORNIA NONSECTARIAN NONPROFIT SERVING NEARLY 30,000 CLIENTS PER YEAR OFFERING HOPE AND OPPORTUNITY TO A DIVERSE COMMUNITY THROUGH JOB TRAINING, MENTORING AND EDUCATION, COMBINED WITH EXPERT CAREER GUIDANCE AND EMPLOYER PARTNERSHIPS, (CONTINUE ON SCH O) TRANSFORMING LIVES AND EMPOWERING INDIVIDUALS TO ACHIEVE DIGNITY AND INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $12,971,847 Revenue: $5,239

WORKFORCE DEVELOPMENTWORKFORCE DEVELOPMENT INCLUDES SEVERAL FEDERALLY FUNDED AMERICA'S JOB CENTERS OF CA THAT SERVE BOTH JOB SEEKERS AND LOCAL EMPLOYERS, OFFERING JOB FAIRS, CANDIDATE RECRUITMENT AND SCREENING. PROGRAMS FOR JOB SEEKERS INCLUDE: JOB READINESS WORKSHOPS AND COACHING IN THE AREAS OF CONPREHENSIVE JOB SEARCH AND EMPLOYMENT SERVICES TO ASSIST INDIVIDUALS WITH APPROPRIATE JOB TRAINING FOCUSED ON HIGH GROWTH CAREER PATHWAYS. JVS SOCAL CENTERS PROVIDE SERVICES FOR ALL JOB SEEKERS, INCLUDING ADULTS AND YOUTH WITH BARRIERS TO EMPLOYMENT. JVS SOCAL ALSO OPERATES JVS SOCAL VETERAN SERVICES THAT ASSISTS VETERANS WITH JOB DEVELOPMENT, JOB PLACEMENT, AND TEMPORARY HOUSING, AND WRAP AROUND SERVICES.

Program 2

Expenses: $6,470,912

WELFARE TO WORKWELFARE TO WORK PROGRAMS ASSIST THOUSANDS OF CLIENTS TRANSITIONING FROM WELFARE TO WORK THROUGH LOS ANGELES COUNTY'S GAIN PROGRAM. THIS PROGRAM OFFER FULL-SERVICE CASE MANAGEMENT UNDER THE SUPERVISION OF LOS ANGELES COUNTY. OFFICES ARE LOCATED IN CHATSWORTH, PALMDALE, SANTA CLARITA AND GLENDALE.

Program 3

Expenses: $1,415,469

JVS WORKSTRAINING SERVICES INCLUDE BOTH SOFT SKILLS AND TECHNICAL SKILLS TRAINING THAT FOSTER GROWTH AND JOB READINESS IN INDIVIDUALS SEEKING NEW CAREER OPPORTUNITIES. THESE PROGRAMS PROVIDE...

JVS WORKSTRAINING SERVICES INCLUDE BOTH SOFT SKILLS AND TECHNICAL SKILLS TRAINING THAT FOSTER GROWTH AND JOB READINESS IN INDIVIDUALS SEEKING NEW CAREER OPPORTUNITIES. THESE PROGRAMS PROVIDE CUSTOMIZED JOB TRAINING, JOB PLACEMENT ASSISTANCE AND ONGOING COACHING FOR CAREERS IN THE HEALTHCARE, BUILDING MAINTENANCE, AND FINANCIAL SERVICES SECTORS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $35,621,438

Program Service Revenue $5,239

Investment Income $3,216,998

Other Revenue $437,376

TOTAL REVENUE $39,281,051

Expense Breakdown

Grants Paid $811,300

Salaries & Benefits $19,391,136

Fundraising Expenses $1,042,607

Program Expenses $23,895,756

Other Expenses $12,168,310

TOTAL EXPENSES $32,370,746

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,281,051	$27,255,554	+0.4%
Expenses	$32,370,746	$28,266,014	+0.1%
Net Income	$6,910,305	$-1,010,460	-7.8%

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

1194

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

$1,767,943

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNY BENSIMON	CHAIR	10.00	Officer Director	$0	$0	$0
SHARON DARNOV	SECRETARY	10.00	Officer Director	$0	$0	$0
MICAH DEKOFSKY	TREASURER	10.00	Officer Director	$0	$0	$0
ADAM ABRAMOWITZ	DIRECTOR	5.00	Director	$0	$0	$0
JOEL BERMAN	DIRECTOR	5.00	Director	$0	$0	$0
EILEEN COSKEY FRACCHIA	DIRECTOR	5.00	Director	$0	$0	$0
LELAND FELSENTHAL	DIRECTOR	5.00	Director	$0	$0	$0
SAMANTHA HAUGH	DIRECTOR	5.00	Director	$0	$0	$0
JIM HAUSBERG	DIRECTOR	5.00	Director	$0	$0	$0
CHARLIE HILL	DIRECTOR	5.00	Director	$0	$0	$0
MARIO HOLTEN	DIRECTOR	5.00	Director	$0	$0	$0
JONATHAN A KARP	DIRECTOR	5.00	Director	$0	$0	$0
LAUREN KURZWEIL	DIRECTOR	5.00	Director	$0	$0	$0
JEFFREY PAUL	DIRECTOR	5.00	Director	$0	$0	$0
MATTHEW PAUL	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT C PEARMAN	DIRECTOR	5.00	Director	$0	$0	$0
DAVID PELAIA	DIRECTOR	5.00	Director	$0	$0	$0
JAN PERRY	DIRECTOR	5.00	Director	$0	$0	$0
RICK POWELL	DIRECTOR	5.00	Director	$0	$0	$0
CHIP W ROBERTSON	DIRECTOR	5.00	Director	$0	$0	$0
THOMAS SCHIFF	DIRECTOR	5.00	Director	$0	$0	$0
SABRINA SHADI	DIRECTOR	5.00	Director	$0	$0	$0
HARRIS SMITH	DIRECTOR	10.00	Director	$0	$0	$0
CESAR TRUJILLO	DIRECTOR	5.00	Director	$0	$0	$0
PETER TU	DIRECTOR	5.00	Director	$0	$0	$0
YELENA VAYNER	DIRECTOR	5.00	Director	$0	$0	$0
TIM WILSON	DIRECTOR	5.00	Director	$0	$0	$0
DAVID WIMMER	DIRECTOR	5.00	Director	$0	$0	$0
JEFFREY CARR	CEO	40.00	Officer	$307,777	$35,216	$342,993
MARGARITE BUITRAGO	CURRENT CFO	40.00	Officer	$299,616	$31,742	$331,358
NEAL MENDELSOHN	CSO (THRU 12/23)	40.00	Officer	$286,361	$30,000	$316,361
ALAN LEVEY	FORMER CEO (THRU 07/23)	40.00	Officer	$283,888	$28,039	$311,927
TED FELDMAN	CAO	40.00	Officer	$277,614	$24,146	$301,760
DIONNE DAY	FORMER CFO (THRU 06/23)	40.00	Officer	$159,409	$4,135	$163,544
RANDY LAPIN	SENIOR VP OF PHILANTHROPY	40.00	Highest	$187,628	$7,550	$195,178
SEAN THIBAULT	SENIOR VP OF MARKETING	40.00	Highest	$178,260	$1,800	$180,060
KIM FEDRICK	VP - PROGRAMS	40.00	Highest	$176,292	$7,392	$183,684
JOSEPHINE SANTIAGO	PROGRAM DIRECTOR	40.00	Highest	$149,332	$7,713	$157,045
JOHN GUTIERREZ	DIRECTOR OF AJCC AND VETERANS	40.00	Highest	$137,270	$3,683	$140,953

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
2024	No data	No data	No data	No data
2023	$39,281,051	$32,370,746	$33,639,228	$6,910,305
2022	$27,810,474	$28,199,618	$21,581,870	$-389,144
2022	$27,255,554	$28,266,014	$29,647,911	$-1,010,460
2021	$28,759,145	$26,849,387	$23,647,711	$1,909,758
2020	$25,983,521	$25,865,553	$21,414,805	$117,968
2019	$25,517,770	$24,753,693	$18,257,142	$764,077
2018	$23,533,652	$22,576,206	$16,517,520	$957,446