Institute for Workforce Excellence Inc (EIN 300279390) - 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

2004

Legal Domicile

Phone

3172643110

Tax Period

2025-11-01 to 2025-12-31

Institute for Workforce Excellence Inc, founded in 2004, is a micro nonprofit in the Employment sector that reported $27K in total revenue in fiscal year 2025. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $86K exceeded revenue, resulting in a 219% operating deficit.

Mission

DEDICATED TO HELPING INDIANA ATTRACT, DEVELOP AND RETAIN HOOSIER TALENT NEEDED TO DRIVE A HIGHLY SKILLED AND EQUITABLE WORKFORCE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $20,000

Program Service Revenue $0

Investment Income $6,945

Other Revenue $0

TOTAL REVENUE $26,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,017

Fundraising Expenses $0

Program Expenses $78,160

Other Expenses $32,821

TOTAL EXPENSES $85,838

Year-over-Year Comparison

	2025	2024	Change
Revenue	$26,945	$1,181,340	-1.0%
Expenses	$85,838	$1,171,218	-0.9%
Net Income	$-58,893	$10,122	-6.8%

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

$486,346

Total Directors

$683,852

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI DANIELSON	BOARD MEMBER, CHAIR	1.0	Officer Director	$0	$0	$0
VANESSA GREEN SINDERS	BOARD MEMBER, VICE CHAIR	1.0	Officer Director	$0	$36,342	$486,346
KATIE JENNER	BOARD MEMBER	1.0	Director	$0	$0	$0
MATT RUST	BOARD MEMBER	1.0	Director	$0	$0	$0
TODD HURST	BOARD MEMBER	13.0	Director	$56,220	$10,107	$197,506

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	$26,945	$85,838	$1,211,011	$-58,893
2025	$1,181,340	$1,171,218	$1,345,268	$10,122
2024	$687,409	$1,362,874	$1,343,824	$-675,465
2023	$1,155,072	$1,861,932	$2,092,307	$-706,860
2022	$1,488,800	$2,058,107	$2,745,339	$-569,307
2021	$3,164,775	$1,252,368	$3,639,531	$1,912,407
2020	$356,468	$449,907	$1,282,544	$-93,439
2018	$396,591	$497,298	$1,411,703	$-100,707

Institute for Workforce Excellence Inc