WORKER EDUCATION & RESOURCE CENTER INC (EIN 954888539) - 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

2002

Legal Domicile

Principal Officer

SHEILA EATON

Phone

2136392220

Tax Period

2024-07-01 to 2025-06-30

WORKER EDUCATION & RESOURCE CENTER INC, founded in 2002, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO CONNECT WORKERS TO GOOD, STABLE AND PERMANENT JOBS, BY PROVIDING AND PROMOTING THE HIGHEST QUALITY OF WORKFORCE DEVELOPMENT.

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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 $4,311,101

Program Service Revenue $296,872

Investment Income $555

Other Revenue $0

TOTAL REVENUE $4,608,528

Expense Breakdown

Grants Paid $173,900

Salaries & Benefits $2,720,102

Fundraising Expenses $0

Program Expenses $4,141,241

Other Expenses $1,658,741

TOTAL EXPENSES $4,552,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,608,528	$4,920,374	-0.1%
Expenses	$4,552,743	$4,959,683	-0.1%
Net Income	$55,785	$-39,309	-2.4%

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

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
PATRICK DEL CONTE	EXECUTIVE BOARD MEMBER	1.00	Director	$0	$0	$0
THERESA VELASCO	EXECUTIVE BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID GREEN	PRESIDENT	1.00	Officer	$0	$0	$0
SHEILA EATON	TREASURER	1.00	Officer	$0	$0	$0
MARK FAUCETTE	SECRETARY	1.00	Officer	$0	$0	$0
JONATHAN FREEDMAN	VICE PRESIDENT	1.00	Officer	$0	$0	$0
LEONA SMITH DI FAUSTINO	EXECUTIVE DIRECTOR	40.00	Highest	$141,054	$10,462	$151,516
KEMBERLY CARRUTHERS	DIRECTOR OF FINANCE & HUMA	40.00	Highest	$142,662	$12,139	$154,801
WENDY P BARRENO	FORMER DIRECTOR OF GROWTH & INNOV	40.00		$66,471	$9,965	$76,436

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	$4,608,528	$4,552,743	$5,635,030	$55,785
2024	$4,920,374	$4,959,683	$5,224,903	$-39,309
2023	$5,204,789	$4,422,369	$5,293,894	$782,420
2022	$3,513,070	$2,810,968	$4,284,407	$702,102
2021	$3,126,599	$2,385,658	$3,566,673	$740,941
2020	$2,470,959	$2,315,174	$2,787,430	$155,785
2019	$2,525,516	$2,532,767	$2,693,181	$-7,251

WORKER EDUCATION & RESOURCE CENTER INC