SOUTH BAY WORKFORCE INVESTMENT BOARD INC (EIN 010611872) - 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

2000

Legal Domicile

Principal Officer

JAN VOGEL

Phone

3109707700

Tax Period

2024-07-01 to 2025-06-30

SOUTH BAY WORKFORCE INVESTMENT BOARD INC, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $46.3M in total revenue in fiscal year 2024.

Mission

DEVELOP, ADMINISTER AND COORDINATE SOUTH BAY WORKFORCE INVESTMENT BOARD, INC. ACTIVITIES AS OUTLINED IN THE WORKFORCE INNOVATION AND OPPORTUNITY ACT OF 2014 AND OTHER RELATED LAWS.

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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 $45,862,009

Program Service Revenue $0

Investment Income $33,631

Other Revenue $364,176

TOTAL REVENUE $46,259,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,657,290

Fundraising Expenses $177,826

Program Expenses $43,632,328

Other Expenses $15,117,646

TOTAL EXPENSES $46,774,936

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,259,816	$45,817,737	+0.0%
Expenses	$46,774,936	$45,778,853	+0.0%
Net Income	$-515,120	$38,884	-14.2%

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

3259

Volunteers

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

$355,211

Total Directors

$164,124

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAN VOGEL	BOARD MEMBER, CEO	23.00	Officer Director	$144,624	$19,500	$164,124
GLENN MITCHELL	BOARD MEMBER, CHAIRPERSON	2.00	Officer Director	$0	$0	$0
MARIA CAMACHO	BOARD MEMBER, VICE-CHAIRPE	1.00	Officer Director	$0	$0	$0
PATRICIA BENNETT	BOARD MEMBER, SECRETARY	1.00	Officer Director	$0	$0	$0
TOM BEEDON	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA DONALDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BERNIE KONIG	BOARD MEMBER	1.00	Director	$0	$0	$0
MOHAMMAD NASER	BOARD MEMBER	1.00	Director	$0	$0	$0
SANJAY MURTY	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN GOMEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
TUDORITA GIULEA	CFO	40.00	Officer	$159,976	$31,111	$191,087
TRACEY ATKINS	DIRECTOR OF GAIN SERVICES	40.00	Highest	$142,604	$42,921	$185,525
CAMERON COX	DIRECTOR OF IT	40.00	Highest	$147,711	$29,854	$177,565
CHRIS CAGLE	DIRECTOR OF BUSINESS SERVICES	40.00	Highest	$123,733	$15,771	$139,504
SAYED MILAD WAIZI	SR. IT DATA BASE DEVELOPER	40.00	Highest	$117,798	$0	$117,798
LAURA BISCHOFF	QUALITY COMPLIANCE MANAGER	40.00	Highest	$108,138	$1,300	$109,438

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	$46,259,816	$46,774,936	$17,987,528	$-515,120
2024	$45,817,737	$45,778,853	$12,239,038	$38,884
2023	$34,651,409	$33,884,974	$10,967,197	$766,435
2022	$36,083,167	$35,798,363	$7,623,488	$284,804
2021	$34,248,505	$34,598,032	$9,459,650	$-349,527
2020	$47,850,029	$48,067,169	$8,380,859	$-217,140
2019	$47,045,123	$46,954,601	$9,138,291	$90,522
2018	$57,684,116	$57,700,083	$9,779,383	$-15,967

SOUTH BAY WORKFORCE INVESTMENT BOARD INC