West Alabama Works 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

2016

Legal Domicile

Principal Officer

Donny Jones

Phone

2053910552

Tax Period

2024-01-01 to 2024-12-31

West Alabama Works Inc, founded in 2016, is a community nonprofit in the Employment sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum.

Mission

To facilitate the establishment and implementation of a workforce development system for the region.

Program Service Accomplishments

Program 1

Expenses: $286,121 Revenue: $264,565

West Alabama Works - Establishing a workforce development system for West Alabama Region 3.

Program 2

Expenses: $572,817 Revenue: $572,817

Modern Manufacturing - This program prepares individuals for entry-level jobs in the manufac- turing area. In partnership with leading automotive and other manu- facturing companies, students learn crucial skills for employment, safety, technical expertise and essential principles of manufacturing.

Program 3

Expenses: $342,351 Revenue: $342,351

Demopolis Workforce - An outreach program to the Black Belt area to assist employers with workforce needs by providing training to potential employees and current employees and matching these...

Demopolis Workforce - An outreach program to the Black Belt area to assist employers with workforce needs by providing training to potential employees and current employees and matching these resourses with potential employers in the area.

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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 $1,865,860

Program Service Revenue $0

Investment Income $16,141

Other Revenue $0

TOTAL REVENUE $1,882,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,899,230

Other Expenses $1,918,452

TOTAL EXPENSES $1,918,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,882,001	$1,242,843	+0.5%
Expenses	$1,918,452	$1,150,592	+0.7%
Net Income	$-36,451	$92,251	-1.4%

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

1000

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
Donny Jones	Director / Sec / Treas	1.00	Director	$0	$0	$0
Russell Dubose	Director / Vice Chair	1.00	Director	$0	$0	$0
Will Patton	Director	1.00	Director	$0	$0	$0
Peggy Sease	Director	1.00	Director	$0	$0	$0
Luke Lann	Director	1.00	Director	$0	$0	$0
Rolf Wrona	Director / Chair	1.00	Director	$0	$0	$0
Charlie Willie	Director	1.00	Director	$0	$0	$0
Bregitte Braddock	Director	1.00	Director	$0	$0	$0
Maria Short	Director	N/A	Director	$0	$0	$0
Lance Wyatt	Director	N/A	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
2024	$1,882,001	$1,918,452	$3,466,216	$-36,451
2023	$1,242,843	$1,150,592	$1,012,317	$92,251
2022	$636,029	$652,450	$682,011	$-16,421
2021	$549,313	$563,671	$654,553	$-14,358
2020	$458,257	$469,226	$531,865	$-10,969
2019	$553,932	$563,435	$461,387	$-9,503
2018	$347,400	$360,007	$537,244	$-12,607