NORTHWEST REGIONAL WORKFORCE INVESTMENT BOARD INC (EIN 061623757) - 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

CATHERINE N AWWAD

Phone

2035746971

Tax Period

2024-07-01 to 2025-06-30

NORTHWEST REGIONAL WORKFORCE INVESTMENT BOARD INC, founded in 2000, is a mid-sized nonprofit that reported $13.4M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

NORTHWEST REGIONAL WORKFORCE INVESTMENT BOARD, INC IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO DEVELOP AND OVERSEE A COMPLETE SYSTEM OF SERVICES FOR THE EMPLOYMENT AND TRAINING OF CONNECTICUT'S WORKFORCE, CONCENTRATING IN DANBURY, TORRINGTON AND GREATER WATERBURY AREAS. THE BOARD SERVICES EMPLOYERS, JOB SEEKERS, AND WORKERS AND GENERATES AND MANGES FUNDS FROM DIVERSE PUBLIC AND PRIVATE SOURCES IN SUPPORT OF A VARIETY OF EMPLOYMENT AND TRAINING ACTIVITIES.

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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 $13,137,791

Program Service Revenue $287,822

Investment Income $989

Other Revenue $0

TOTAL REVENUE $13,426,602

Expense Breakdown

Grants Paid $1,865,256

Salaries & Benefits $2,396,358

Fundraising Expenses $0

Program Expenses $12,830,780

Other Expenses $9,005,504

TOTAL EXPENSES $13,267,118

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,426,602	$11,731,551	+0.1%
Expenses	$13,267,118	$11,704,002	+0.1%
Net Income	$159,484	$27,549	+4.8%

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

117

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

$195,106

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE N AWWAD	PRESIDENT AN	40.00	Key Emp	$195,106	$0	$195,106
NATE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE CAFFE	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY CANU	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS D'ORSO	DIRECTOR	1.00	Director	$0	$0	$0
BETH DUPONT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SHAWNA EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
LINDY GOLD	DIRECTOR	1.00	Director	$0	$0	$0
ED HAWTHORNE	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON JANNETTY	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE LACAPRA JR	CHAIR	1.00	Officer Director	$0	$0	$0
JUVENEL LEVROS	DIRECTOR	1.00	Director	$0	$0	$0
SABRINA MANCINI	DIRECTOR	1.00	Director	$0	$0	$0
DAN MCINERNEY	DIRECTOR	1.00	Director	$0	$0	$0
DAN MICHAUD	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS OLSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PALMIERI	DIRECTOR	1.00	Director	$0	$0	$0
PAUL PERNEREWSKI	DIRECTOR	1.00	Director	$0	$0	$0
GIUSEPPE PISANI	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM PIZZUTO	DIRECTOR	1.00	Director	$0	$0	$0
PJ PRUNTY	DIRECTOR	1.00	Director	$0	$0	$0
CINDY RAFAEL	DIRECTOR	1.00	Director	$0	$0	$0
RALPH RICHARD	TREASURER	1.00	Officer Director	$0	$0	$0
DR MICHAEL ROOKE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM RYBCZYK	DIRECTOR	1.00	Director	$0	$0	$0
TED SHAFER	DIRECTOR	1.00	Director	$0	$0	$0
FRED SPAGNOLO	DIRECTOR	1.00	Director	$0	$0	$0
JOE VRABELY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH WRINN	DIRECTOR	1.00	Director	$0	$0	$0

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	$13,426,602	$13,267,118	$3,518,951	$159,484
2024	$11,731,551	$11,704,002	$3,344,895	$27,549

NORTHWEST REGIONAL WORKFORCE INVESTMENT BOARD INC