GROW SOUTHWEST INDIANA WORKFORCE BOARD INC (EIN 205064047) - 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

2006

Legal Domicile

Principal Officer

BRAD SCHELLE

Phone

8124924303

Tax Period

2024-07-01 to 2025-06-30

GROW SOUTHWEST INDIANA WORKFORCE BOARD INC, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $5.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

GROW SOUTHWEST WORKFORCE BOARD, INC. PROVIDES GUIDANCE FOR, AND REVIEWS, MONITORS AND EVALUATES ACTIVITIES UNDER THE WIOA ACT, IN ORDER TO CREATE A SYSTEM THAT INTEGRATES ALL PUBLIC WORKFORCE DEVELOPMENT RESOURCES INTO A SYSTEM TO BENEFIT THE COUNTIES AND REGIONAL ECONOMY.

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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 $5,876,640

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,876,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $517,117

Fundraising Expenses $0

Program Expenses $5,454,501

Other Expenses $5,411,578

TOTAL EXPENSES $5,928,695

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,876,640	$5,267,050	+0.1%
Expenses	$5,928,695	$5,425,215	+0.1%
Net Income	$-52,055	$-158,165	-0.7%

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

$85,936

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE HABIG	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JASON NORD	SECRETARY	1.00	Officer Director	$0	$0	$0
MARCIA FORSTON	DIRECTOR	1.00	Director	$0	$0	$0
MAKENZIE COULTER	DIRECTOR	1.00	Director	$0	$0	$0
AMY O'DELL	DIRECTOR	1.00	Director	$0	$0	$0
JEFF ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA KIRLIN	DIRECTOR	1.00	Director	$0	$0	$0
SHELIA NAAB	DIRECTOR	1.00	Director	$0	$0	$0
DARIN LANDER	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
DREW GERTH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ST CLAIR	DIRECTOR	1.00	Director	$0	$0	$0
BILL DYER	DIRECTOR	1.00	Director	$0	$0	$0
MISTY WOLFORD	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE NORRICK	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE SCHAEFER	DIRECTOR	1.00	Director	$0	$0	$0
JAROD STIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA FIINNEY-KIESEL	DIRECTOR	1.00	Director	$0	$0	$0
RYAN MCROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
ROGER CLARK	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLA VIDAL	DIRECTOR	1.00	Director	$0	$0	$0
BRITTNEY KIRWER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PEG BOARDMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS PFAFF	DIRECTOR	1.00	Director	$0	$0	$0
TERRY MARSH	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER WATTS	TREASURER	1.00	Officer Director	$0	$0	$0
SARA WORSTELL	EXECUTIVE DIR.	40.00	Officer	$85,936	$0	$85,936

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	$5,876,640	$5,928,695	$1,491,724	$-52,055
2024	No data	No data	No data	No data
2023	$4,811,080	$4,826,906	$1,975,346	$-15,826
2022	$5,184,269	$5,024,802	$1,293,324	$159,467
2021	$2,911,281	$2,925,109	$923,944	$-13,828
2020	$2,925,484	$2,653,294	$582,551	$272,190
2019	$3,041,091	$3,100,802	$432,439	$-59,711
2018	$3,989,086	$3,972,440	$529,710	$16,646

GROW SOUTHWEST INDIANA WORKFORCE BOARD INC