REGION 10 WORKFORCE BOARD INC

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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

2006

Legal Domicile

Principal Officer

ANTHONY WATERSON

Phone

8129447793

Tax Period

2024-07-01 to 2025-06-30

REGION 10 WORKFORCE BOARD INC, founded in 2006, is a community nonprofit in the Employment sector that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

TO LEAD A ROBUST TALENT DEVELOPMENT SYSTEM AND CULTIVATE A SKILLED WORKFORCE THAT ADVANCES OUR COMMUNITY, ECONOMY, AND QUALITY OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $5,395,445 Revenue: $86,812

ADULT, YOUTH, AND DISLOCATED WORKER TRAINING AND PLACEMENT OF ECONOMICALLY DISADVANTAGED PERSONS IN DESIGNATED SERVICE DELIVERY AREA. PARTICIPANTS QUALIFY AS PRESCRIBED BY FEDERAL AND STATE LAWS AND...

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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 $5,777,922

Program Service Revenue $86,812

Investment Income $0

Other Revenue $650

TOTAL REVENUE $5,865,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $917,735

Fundraising Expenses $0

Program Expenses $5,395,445

Other Expenses $4,922,137

TOTAL EXPENSES $5,839,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,865,384	$4,444,285	+0.3%
Expenses	$5,839,872	$4,466,998	+0.3%
Net Income	$25,512	$-22,713	-2.1%

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

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

$141,227

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANCE ALLISON	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN TERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN TEIPEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE EMBRY	BOARD MEMBER	1.00	Director	$0	$0	$0
CRAIG WHITE	CHAIR	1.00	Officer Director	$0	$0	$0
KATHERINE WALTON	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY BROUGHTON	EXEC. COMMITTEE	1.00	Director	$0	$0	$0
BRIAN KEITH	EXEC. COMMITTEE	1.00	Director	$0	$0	$0
ANN CARRUTHERS	EXEC. COMMITTEE	1.00	Director	$0	$0	$0
RYAN BANET	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KYLE LANUOUE	BOARD MEMBER	1.00	Director	$0	$0	$0
TRAVIS HAIRE	BOARD MEMBER	1.00	Director	$0	$0	$0
LYN LONGMEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANE STUBER	TREASURER	1.00	Officer Director	$0	$0	$0
PEG BOARDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY DANT CHESSER	SECRETARY	1.00	Officer Director	$0	$0	$0
RYAN PAVLINA	BOARD MEMBER	1.00	Director	$0	$0	$0
PAM OTTERSBACH	BOARD MEMBER	1.00	Director	$0	$0	$0
CRAIG MENKE	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL PERKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON LOPP	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA SCHUMATE	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA CASSIDY	EXEC. COMMITTEE	1.00	Director	$0	$0	$0
RITA SHOURDS	BOARD MEMBER	1.00	Director	$0	$0	$0
LOUIS JENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL SCHROYER	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY TORAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY WATERSON	EXECUTIVE DIR.	40.00	Officer	$127,223	$14,004	$141,227

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	$5,865,384	$5,839,872	$2,236,451	$25,512
2024	$4,444,285	$4,466,998	$2,063,334	$-22,713
2023	$4,299,440	$4,282,929	$1,965,399	$16,511
2022	$3,469,126	$3,564,890	$660,821	$-95,764
2021	$3,527,836	$3,387,127	$536,427	$140,709
2020	$2,230,769	$2,229,078	$307,770	$1,691
2019	$2,429,481	$2,427,517	$332,541	$1,964
2018	$2,491,387	$2,494,081	$338,731	$-2,694