The City of Los Angeles Workforce … - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

CHARLES WOO

Phone

2137447164

Tax Period

2024-07-01 to 2025-06-30

The City of Los Angeles Workforce Development Board, founded in 1999, is a small nonprofit that reported $466K in total revenue in fiscal year 2024. Revenue surged 365% from the prior year, signaling strong growth momentum. Expenses of $826K exceeded revenue, resulting in a 77% operating deficit.

Mission

The Workforce Development Board promotes workforce development activitieswhich connect Los Angeles jobseekers and youth to training, workforce preparedness and employment opportunities. Facilitates placing youth into private,public & non-profit organization/employer job training workshites.

Program Service Accomplishments

Program 1

Expenses: $822,834 Revenue: $466,052

Hire LAs Youth is a program dedicated to putting young adults to work, ensuring they have first time job experience that will set them on the path of lifetime earners. This year, we are commited to providing 15,000 jobs for young people ages 14 to 24 who live in the City of Los Angeles. Youth are recruited through local schools,the Citys Workforce Development System, the Community College District,community organizations. In preparation for job placement, youth are given the opportunity to earn a Work Readiness Certificate endorsed by the LA Area Chamber of Commerce, the City Workforce Investment Board, and the Professionals in Human Resources Association (PIHRA).

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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 $466,052

Program Service Revenue $0

Investment Income $51

Other Revenue $0

TOTAL REVENUE $466,103

Expense Breakdown

Grants Paid $816,841

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $822,834

Other Expenses $9,379

TOTAL EXPENSES $826,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$466,103	$100,156	+3.7%
Expenses	$826,220	$2,932	+280.8%
Net Income	$-360,117	$97,224	-4.7%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES WOO	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
N/A	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
GARRETT GIN	TREASURER	3.00	Officer Director	$0	$0	$0
NANCY HOFFMAN VANYEK	SECRETARY	3.00	Officer Director	$0	$0	$0
AMANDO LOZA	MEMBER	0.00	Director	$0	$0	$0
BEN GARCIA	MEMBER	0.00	Director	$0	$0	$0
BENJAMIN TORRES	MEMBER	0.00	Director	$0	$0	$0
BERNARDINE BRANDIS	MEMBER	0.00	Director	$0	$0	$0
CASEY O'NEILL	MEMBER	0.00	Director	$0	$0	$0
DAVID CRIPPENS	MEMBER	0.00	Director	$0	$0	$0
N/A	MEMBER	0.00	Director	$0	$0	$0
GABRIEL PIMENTEL	MEMBER	0.00	Director	$0	$0	$0
JALEESA HAZZARD	MEMBER	0.00	Director	$0	$0	$0
JESSE CUEVAS	MEMBER	0.00	Director	$0	$0	$0
KENYA CROOM	MEMBER	0.00	Director	$0	$0	$0
LINDA NGUYEN	MEMBER	0.00	Director	$0	$0	$0
ALLISON ACE ANAYA	MEMBER	0.00	Director	$0	$0	$0
LINDSEY HEISSER	MEMBER	0.00	Director	$0	$0	$0
MARIA TURRUBIATES	MEMBER	0.00	Director	$0	$0	$0
MAR LOUCHHEIM	MEMBER	0.00	Director	$0	$0	$0
MAX ARIAS	MEMBER	0.00	Director	$0	$0	$0
PATRICIA PEREZ	MEMBER	0.00	Director	$0	$0	$0
RODNEY HANNERS	MEMBER	0.00	Director	$0	$0	$0
SABA WAHEED	MEMBER	0.00	Director	$0	$0	$0
SEAN FLEMING	MEMBER	0.00	Director	$0	$0	$0
SERGIO RASCON	MEMBER	0.00	Director	$0	$0	$0
STEVEN SIMON	MEMBER	0.00	Director	$0	$0	$0
TERAYLAN TERI HOLLINGSWORTH	MEMBER	0.00	Director	$0	$0	$0
VERONICA CORONA	MEMBER	0.00	Director	$0	$0	$0
VICTOR REYES	MEMBER	0.00	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	$466,103	$826,220	$83,631	$-360,117
2024	$100,156	$2,932	$443,748	$97,224
2023	$110,146	$2,710	$346,524	$107,436
2022	$140,017	$159,900	$239,088	$-19,883
2021	$135,013	$53	$258,971	$134,960
2020	$133,507	$139,292	$124,011	$-5,785
2019	$194,511	$229,793	$129,796	$-35,282

The City of Los Angeles Workforce Development Board