WORKFORCE DEVELOPMENT BOARD OF HERKIMER MADISON AND ONEIDA COUNTIES INC (EIN 161140488) - 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

1982

Legal Domicile

Principal Officer

ALICE SAVINO

Phone

3152076951

Tax Period

2024-07-01 to 2025-06-30

WORKFORCE DEVELOPMENT BOARD OF HERKIMER MADISON AND ONEIDA COUNTIES INC, founded in 1982, is a community nonprofit in the Employment sector that reported $6.5M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE INVOLVEMENT OF THE BUSINESS COMMUNITY IN ACTIVITIES WHICH INCLUDE EMPLOYMENT AND TRAINING, WORKFORCE DEVELOPMENT AND INVESTMENT, AND ECONOMIC DEVELOPMENT; ALSO, TO PROVIDE POLICY GUIDANCE, DIRECTION AND OVERSIGHT OF THE WIOA RELATED PROGRAMS.

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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 $6,058,727

Program Service Revenue $482,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,541,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,008,958

Fundraising Expenses $0

Program Expenses $5,700,235

Other Expenses $2,338,466

TOTAL EXPENSES $6,347,424

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,541,227	$5,721,524	+0.1%
Expenses	$6,347,424	$5,633,507	+0.1%
Net Income	$193,803	$88,017	+1.2%

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

323

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

$346,849

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY TURNER	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
FRANCA ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH BOWERS	DIRECTOR	1.00	Director	$0	$0	$0
KELLY WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
SHAWNA PAPALE	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE BARRY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BRENCHLEY	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL ZUMBO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GOODNESS	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN EHLINGER	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA DIRISO	DIRECTOR	1.00	Director	$0	$0	$0
EMILY ARTHUR	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES DELUDE	DIRECTOR	1.00	Director	$0	$0	$0
LISA BETRUS	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL GUZZARDO	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA BURNS	DIRECTOR	1.00	Director	$0	$0	$0
ALLENE MONAGHAN	DIRECTOR	1.00	Director	$0	$0	$0
CARY ELDRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
RENEE EMERY	DIRECTOR	1.00	Director	$0	$0	$0
THERESA JALOWIEC	DIRECTOR	1.00	Director	$0	$0	$0
TRACY PAGE	DIRECTOR	1.00	Director	$0	$0	$0
NATE DISCAVAGE	DIRECTOR	1.00	Director	$0	$0	$0
BOB GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
KARI PULEO	DIRECTOR	1.00	Director	$0	$0	$0
RANDY RAUX	DIRECTOR	1.00	Director	$0	$0	$0
KAREN GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA WOLAK	DIRECTOR	1.00	Director	$0	$0	$0
ALICE SAVINO	EXECUTIVE DIRECTOR	35.00	Officer	$180,779	$45,792	$226,571
ADAM WIEHL	CHIEF FINANCIAL OFFICER	35.00	Officer	$83,292	$36,986	$120,278

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	$6,541,227	$6,347,424	$3,898,502	$193,803
2024	$5,721,524	$5,633,507	$3,654,901	$88,017
2023	$4,516,700	$4,575,884	$2,329,177	$-59,184
2022	$5,095,290	$4,844,571	$2,133,960	$250,719
2021	$3,111,061	$2,814,437	$1,860,803	$296,624
2020	$3,353,762	$3,526,289	$1,382,846	$-172,527
2019	$5,133,442	$5,036,259	$1,630,323	$97,183
2018	$5,097,440	$5,007,462	$1,606,853	$89,978

WORKFORCE DEVELOPMENT BOARD OF HERKIMER MADISON AND ONEIDA COUNTIES INC