Susquehanna Workforce Network
Legal name: Susquehanna Workforce Network Inc
Nonprofit profile at a glance
- EIN
- 521305463
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Havre De Grace, MD, USA
- Phone
- 410-939-4240
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Employment Procurement Assistance
Reported finances
- Revenue
- $5,647,358
- Expenses
- $5,562,244
- Assets
- $3,665,332
- Liabilities
- $2,630,716
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- JEANNE BEAMAN (VICE PRESIDENT)
- MARY ANN BOGARTY (PRESIDENT)
- KIMBERLY JUSTUS (EXECUTIVE DIRECTOR)
Highest reported compensation
- KIMBERLY JUSTUS (EXECUTIVE DIRECTOR): $98,731 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Susquehanna Workforce Network creates solutions to address our region’s most pressing challenges – jobs and the economy. Through our innovative workforce strategies, we contribute to advancing and growing the competitiveness of our region and creating a better quality of life for businesses, workers, and job seekers.
What it reported doing in 2024
Blueprint for Maryland's future aims to transform public education in the state into a world-class education system. The blueprint prescribes new programs and innovative approaches to catalyze a world-renowned education system that aims to eradicate achievement gaps and ensures opportunity for every student, regardless of family income, race, ethnicity, or ability. Blueprint's future focus directly benefits students and educators, lifts historically underserved communities, prepares the workforce of tomorrow through college and career readiness, and enhances the state's economic competitiveness.
Operating model
- Revenue model
- Grant-funded. 99% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.1%; rating input score 92
- Program expense ratio: 93.5%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.5%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.66; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.72; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 1.8%; rating input score 77; 77th percentile among comparable filings
Growth
- Program expense growth: 5.9% per year; rating input score 100; 44th percentile among comparable filings
- Revenue growth: 3.4% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 10% per year; rating input score 100; 58th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 92.1% of revenue deployed · 93.5% of spending went to programs
- Governance: 20 of 20 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $5.2M in reported program spending
- Leadership: top reported pay $99K · 21 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 3 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.