GREATER PENINSULA WORKFORCE DEVELO… - Form 990 Financial Data

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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

2015

Legal Domicile

Phone

7578263327

Tax Period

2020-07-01 to 2021-06-30

GREATER PENINSULA WORKFORCE DEVELOPMENT CORPORATION, founded in 2015, is a small nonprofit that reported $263K in total revenue in fiscal year 2020. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $355K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO RAISE FUNDS TO FOSTER THE MISSION OF THE GREATER PENINSULA WORKFORCE DEVELOPMENT CONSORTIUM.

Program Service Accomplishments

Program 1

Expenses: $355,225 Revenue: $263,226

THIS PROGRAM IS SET UP TO HELP FOSTER THE MISSION OF THE GREATER PENINSULA WORKFORCE DEVELOPMENT CONSORTIUM.

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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 (2020)

Revenue Breakdown

Contributions & Grants $263,226

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $263,226

Expense Breakdown

Grants Paid $266,519

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $355,225

Other Expenses $88,706

TOTAL EXPENSES $355,225

Year-over-Year Comparison

	2020	2019	Change
Revenue	$263,226	$339,815	-0.2%
Expenses	$355,225	$257,811	+0.4%
Net Income	$-91,999	$82,004	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JOHN OLSON	CHAIRMAN	10.00	Officer Director	$0	$0	$0
DR VINCE WARREN	VICE CHAIR	10.00	Officer Director	$0	$0	$0
DALE STONE	TREASURER	10.00	Officer Director	$0	$0	$0
THE HONORABLE HRBERT R GREEN	DIRECTOR	10.00	Director	$0	$0	$0
THE HONORABLE TINA VICK	CHAIR	10.00	Officer Director	$0	$0	$0
WILLIAM MANN JR	SECRETARY	10.00	Officer Director	$0	$0	$0

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
2021	$263,226	$355,225	No data	$-91,999
2020	$339,815	$257,811	$94,421	$82,004
2019	$315,501	$303,086	$12,415	$12,415

GREATER PENINSULA WORKFORCE DEVELOPMENT CORPORATION