The City of Los Angeles Workforce Development Board

EIN: 953955892 501(c)(3)

LOS ANGELES, CA

Total Revenue
$466,103
Total Expenses
$826,220
Total Assets
$83,631
Net Assets
$83,631
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
CA
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 worksites.

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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%)

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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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
30
Independent Members
30
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
4
$0
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
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
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