NORTHERN INDIANA WORKFORCE BOARD INC (EIN 205089846) - 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

2007

Legal Domicile

Principal Officer

THOMAS KAVANAGH

Phone

5748556148

Tax Period

2024-07-01 to 2025-06-30

NORTHERN INDIANA WORKFORCE BOARD INC, founded in 2007, is a community nonprofit in the Employment sector that reported $7.0M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

FOSTERING ECONOMIC EMPOWERMENT BY LINKING JOB SEEKERS WITH EMPLOYERS.

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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 $6,941,164

Program Service Revenue $0

Investment Income $0

Other Revenue $84,152

TOTAL REVENUE $7,025,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $913,320

Fundraising Expenses $0

Program Expenses $6,633,475

Other Expenses $6,242,677

TOTAL EXPENSES $7,155,997

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,025,316	$7,564,272	-0.1%
Expenses	$7,155,997	$7,458,667	0.0%
Net Income	$-130,681	$105,605	-2.2%

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

N/A

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

$86,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEROD WARNOCK	DIRECTOR	1.00	Director	$0	$0	$0
TODD BRUCE	CHAIR	1.00	Officer Director	$0	$0	$0
MATT DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DESALLE	DIRECTOR	1.00	Director	$0	$0	$0
MARK KING	DIRECTOR	1.00	Director	$0	$0	$0
MATT TEEVAN	DIRECTOR	1.00	Director	$0	$0	$0
BOB DUNN	TREASURER	1.00	Officer Director	$0	$0	$0
ALAN TIO	DIRECTOR	1.00	Director	$0	$0	$0
JOE GAMBILL	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS HANNA	DIRECTOR	1.00	Director	$0	$0	$0
CHAD HARTZELL	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS STAGER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS CRAIG	PAST CHAIR	1.00	Officer Director	$0	$0	$0
LIZ NEGRON-HANIFORD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIE MAURER	DIRECTOR	1.00	Director	$0	$0	$0
LONDON MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON EAKINS	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY GILLESPIE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN JESSEN	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
JANA HUMPHREYS	DIRECTOR	1.00	Director	$0	$0	$0
MURRAY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DAVE WOOD	DIRECTOR	1.00	Director	$0	$0	$0
PHIL JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
TOM KAVANAGH	PRESIDENT/CEO	40.00	Officer	$64,050	$21,950	$86,000

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	$7,025,316	$7,155,997	$1,536,651	$-130,681
2024	$7,564,272	$7,458,667	$2,393,870	$105,605
2023	$7,026,055	$7,288,713	$2,075,290	$-262,658
2022	$6,919,031	$7,083,596	$1,508,074	$-164,565
2021	$6,187,359	$6,181,354	$1,518,783	$6,005
2020	$4,267,487	$4,255,253	$947,617	$12,234
2019	$6,343,280	$6,071,245	$958,299	$272,035
2018	$6,800,236	$6,781,743	$844,630	$18,493

NORTHERN INDIANA WORKFORCE BOARD INC