TRI-COUNTY WORKFORCE INVESTMENT BOARD INC (EIN 251865354) - 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

2000

Legal Domicile

Principal Officer

MARY SALONY

Phone

7242829341

Tax Period

2024-07-01 to 2025-06-30

TRI-COUNTY WORKFORCE INVESTMENT BOARD INC, founded in 2000, is a community nonprofit in the Employment sector that reported $5.0M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE LOCAL WORKFORCE INVESTMENT SYSTEMS IN THE COUNTIES OF BUTLER, ARMSTRONG, AND INDIANA THAT INCREASE THE EMPLOYMENT, RETENTION, AND EARNINGS OF PARTICIPANTS, AND INCREASE OCCUPATIONAL ATTAINMENT OF PARTICIPANTS AS GOVERNED BY THE WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA).

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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 $4,685,090

Program Service Revenue $319,662

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,004,752

Expense Breakdown

Grants Paid $2,960,612

Salaries & Benefits $994,219

Fundraising Expenses $0

Program Expenses $4,161,768

Other Expenses $1,042,153

TOTAL EXPENSES $4,996,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,004,752	$6,256,813	-0.2%
Expenses	$4,996,984	$6,256,246	-0.2%
Net Income	$7,768	$567	+12.7%

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

$119,056

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAIL STECK	DIRECTOR - THROUGH 3/25	1.00	Director	$0	$0	$0
WESLEY KUCHTA	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE KUZNESKI	DIRECTOR	1.00	Director	$0	$0	$0
LARRY FANNIE	DIRECTOR - THROUGH 9/24	1.00	Director	$0	$0	$0
TODD LUKE	DIRECTOR	1.00	Director	$0	$0	$0
ERICK DIXON	DIRECTOR - BEGINNING 10/24	1.00	Director	$0	$0	$0
JESSE P STOLTZ	DIRECTOR	1.00	Director	$0	$0	$0
PETER KYNE III	DIRECTOR	1.00	Director	$0	$0	$0
DARIN ALVIANO	DIRECTOR	1.00	Director	$0	$0	$0
WARREN DIXON	DIRECTOR	1.00	Director	$0	$0	$0
EVAN LYLE	DIRECTOR	1.00	Director	$0	$0	$0
MARK HILLIARD	DIRECTOR	1.00	Director	$0	$0	$0
GRETCHEN CLARK	DIRECTOR	1.00	Director	$0	$0	$0
DR BRIGETTE MATSON	DIRECTOR - THROUGH 9/24	1.00	Director	$0	$0	$0
PAUL REINERT SR	DIRECTOR - THROUGH 8/24	1.00	Director	$0	$0	$0
MARK GORDON	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREA SHEESLEY	DIRECTOR - BEGINNING 11/24	1.00	Director	$0	$0	$0
WALTER SCHROTH	DIRECTOR	1.00	Director	$0	$0	$0
MARK TOY	DIRECTOR	1.00	Director	$0	$0	$0
KERRIE DECHURCH	DIRECTOR - BEGINNING 12/24	1.00	Director	$0	$0	$0
GLADYS KNOX	DIRECTOR - THROUGH 4/25	1.00	Director	$0	$0	$0
DENISE MCQUOWN-HATTER	DIRECTOR	1.00	Director	$0	$0	$0
RONALD BOWERSOX	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN SCHRECENGOST	DIRECTOR	1.00	Director	$0	$0	$0
DR ROBERT FRIDAY	DIRECTOR	1.00	Director	$0	$0	$0
LISA CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCDERMOTT	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK WETMORE	ASST. SEC/TREAS.	1.00	Officer Director	$0	$0	$0
SCOTT DOCHERTY	TREASURER	1.00	Officer Director	$0	$0	$0
JACK NELSON III	2ND VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PHILIP TACK	1ST VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANNA HOGG	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT LANDOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
MARY SALONY	EXECUTIVE DIRECTOR	40.00	Officer	$100,604	$18,452	$119,056

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	$5,004,752	$4,996,984	$902,392	$7,768
2024	$6,256,813	$6,256,246	$2,762,255	$567
2023	$4,998,367	$5,021,686	$1,686,960	$-23,319
2022	$4,548,643	$4,548,643	$705,158	No data
2021	$4,733,028	$4,733,028	$452,242	No data
2020	$4,444,270	$4,444,270	$660,565	No data
2019	$4,746,603	$4,746,603	$996,755	No data
2018	$4,412,392	$4,412,392	$855,943	No data

TRI-COUNTY WORKFORCE INVESTMENT BOARD INC