WORKFORCE DEVELOPMENT BOARD OF FULT ON MONTGOMERY & SCHOHARIE CTS INC (EIN 161536318) - 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

1997

Legal Domicile

Principal Officer

WENDY ADAMS-ROSA

Phone

5188423676

Tax Period

2024-07-01 to 2025-06-30

WORKFORCE DEVELOPMENT BOARD OF FULT ON MONTGOMERY & SCHOHARIE CTS INC, founded in 1997, is a community nonprofit in the Employment sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO CARRY OUT AND ADMINISTER THE WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) AND OTHER RELATED PROGRAMS TO PROVIDE WORLD CLASS WORKFORCE ABLE TO FUEL A VIBRANT ECONOMY IN THE FULTON, MONTGOMERY AND SCHOHARIE COUNTIES, NEW YORK REGION.

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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 $1,691,384

Program Service Revenue $-15,295

Investment Income $0

Other Revenue $89,924

TOTAL REVENUE $1,766,013

Expense Breakdown

Grants Paid $1,060,693

Salaries & Benefits $333,627

Fundraising Expenses $0

Program Expenses $1,674,447

Other Expenses $400,034

TOTAL EXPENSES $1,794,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,766,013	$1,616,520	+0.1%
Expenses	$1,794,354	$1,615,247	+0.1%
Net Income	$-28,341	$1,273	-23.3%

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

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

$90,125

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY ADAMS-ROSA	CHAIRWOMAN	2.00	Officer Director	$0	$0	$0
AMY ROGERS	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
LAURIE BARGSTEDT	SECRETARY	2.00	Officer Director	$0	$0	$0
ALLENE MONAGHAN	DIRECTOR	1.00	Director	$0	$0	$0
ANGELIA KEHL	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY CAPOBIANCO	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY LEBLANC	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER MANUS	DIRECTOR	1.00	Director	$0	$0	$0
DONNA BECKER	DIRECTOR	1.00	Director	$0	$0	$0
DONNA PESTA	DIRECTOR	1.00	Director	$0	$0	$0
JACLYN BUCHANAN	DIRECTOR	1.00	Director	$0	$0	$0
JEANNETTE SPAULDING	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY P STARK	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN KILMARTIN	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH ROSE	DIRECTOR	1.00	Director	$0	$0	$0
KURT DAVIGNON	DIRECTOR	1.00	Director	$0	$0	$0
LANI PERTELL	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE INGLESTON	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA GOLDSWER	DIRECTOR	1.00	Director	$0	$0	$0
PETER STEARNS	DIRECTOR	1.00	Director	$0	$0	$0
RITA FRANKO	DIRECTOR	1.00	Director	$0	$0	$0
REGINA PAPA	EXECUTIVE DI	37.50	Officer	$87,500	$2,625	$90,125

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	$1,766,013	$1,794,354	$158,241	$-28,341
2024	$1,616,520	$1,615,247	$149,587	$1,273
2023	$1,460,272	$1,414,642	$132,672	$45,630
2022	$1,426,401	$1,428,029	$91,190	$-1,628
2021	$1,246,941	$1,229,519	$96,519	$17,422
2020	$1,612,753	$1,619,837	$80,116	$-7,084
2019	$1,473,923	$1,517,387	$84,969	$-43,464

WORKFORCE DEVELOPMENT BOARD OF FULT ON MONTGOMERY & SCHOHARIE CTS INC