WORKFORCE CONNECTIONS INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,865,539
Government Grants
98%
Investments
<1%
Other
<1%
Contributions
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$2,921,406
Salaries & Benefits
64%
Grants
24%
Other
5%
Offices, Occupancy & IT
5%
Fees to Service Providers
2%
Depreciation
<1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$2,908,417
$2,820,547
-3%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$9,296
$24,430
+163%
Other
$6,466
$20,562
+218%
Total Revenues
$2,924,179
$2,865,539
-2%
Expenses
2023
2024
Change
Grants
$418,381
$693,514
+66%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,905,025
$1,883,409
-1%
Fees to Service Providers
$59,747
$48,275
-19%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$162,573
$134,261
-17%
Interest
$2,517
$894
-64%
Depreciation
$14,297
$20,614
+44%
Other
$466,416
$140,439
-70%
Total Expenses
$3,028,956
$2,921,406
-4%
Net income
2023
2024
Change
Net income
-$104,777
-$55,867
+47%
Functional Expenses
Summary
2023
2024
Change
Program
$2,825,490
$2,639,765
-7%
Admin
$203,466
$281,641
+38%
Fundraising
$0
$0
-
Total Expenses
$3,028,956
$2,921,406
-4%
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