Pasco Hernando Workforce Board Inc
Nonprofit profile at a glance
- EIN
- 593495908
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Brooksville, FL, USA
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Job Training
Reported finances
- Revenue
- $10,028,194
- Expenses
- $9,989,461
- Assets
- $3,368,577
- Liabilities
- $2,197,327
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- JEROME A SALATINO (CEO/PRESIDEN)
Highest reported compensation
- JEROME A SALATINO (CEO/PRESIDEN): $221,202 total reported compensation
- KENNETH W RUSS (VP BUSINESS): $145,101 total reported compensation
- BRENDA GAUSE (VP OF OPERAT): $142,061 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Pasco hernando workforce board enhances economic development efforts of our region by providing a well trained, high quality workforce which supports the success of local business and improves the quality of life. The organization provides training and support services for economically disadvantaged individuals and displaced workers. The organization also provides access and assists individuals applying for state and federal assistance.
What it reported doing in 2024
The organization provided training and job search tools to individuals receiving cash assistance in order to assist them in obtaining soft skills and basic education skills needed to obtain employment and leave the cash assistance roles. Also it provided support and financial assistance through the welfare transition program to those individuals participating in work activities while attaining work skills. During the fiscal year ended june 30, 2025, the organization served 1650 individuals in the welfare transition program.
Operating model
- Revenue model
- Grant-funded. 92% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 74% for direct work, and 26% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 65
- Accountability: 95
- Sustainability: 26
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.1%; rating input score 93
- Program expense ratio: 93.5%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.4%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 0.34; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 6.5%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 3.1% per year; rating input score 100; 26th percentile among comparable filings
- Revenue growth: 0.4% per year; rating input score 100; 10th percentile among comparable filings
- Asset growth: 8.7% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 93.1% of revenue deployed · 93.5% of spending went to programs
- Governance: 22 of 22 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $9.3M in reported program spending
- Leadership: top reported pay $221K · 26 people listed · 0 of 6 pay-setting controls reported
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Sustainability: Operating margin scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 20/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.