Institute for Workforce Excellence… - 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

2004

Legal Domicile

Phone

3172643110

Tax Period

2024-11-01 to 2025-10-31

Institute for Workforce Excellence Inc, founded in 2004, is a community nonprofit in the Employment sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum.

Mission

THE INSTITUTE FOR WORKFORCE EXCELLENCE IS DEDICATED TO HELPING INDIANA ATTRACT, DEVELOP AND RETAIN HOOSIER TALENT NEEDED TO DRIVE A HIGHLY SKILLED AND EQUITABLE WORKFORCE.

Program Service Accomplishments

Program 1

Expenses: $743,375

LAUNCH A TALENT RESOURCE NAVIGATOR, AN ONLINE TOOL DESIGNED TO PROVIDE THE MOST UP-TO-DATE INFORMATION ABOUT EDUCATIONAL AND JOB TRAINING OPPORTUNITIES, IN-DEMAND SKILLS AND EMPLOYMENT DATA FOR...

LAUNCH A TALENT RESOURCE NAVIGATOR, AN ONLINE TOOL DESIGNED TO PROVIDE THE MOST UP-TO-DATE INFORMATION ABOUT EDUCATIONAL AND JOB TRAINING OPPORTUNITIES, IN-DEMAND SKILLS AND EMPLOYMENT DATA FOR INDIANA. THIS EFFORT WILL HELP EMPLOYERS ENHANCE THEIR WORKERS' SKILLS AND INDIVIDUALS LEARN ABOUT WHAT THEY NEED FOR AVAILABLE JOBS.

Program 2

Expenses: $407,454 Revenue: $15,000

WORK AND LEARN INDIANA IS THE CATALYST FOR EXPANDING THE CREATION AND USE OF HIGH-QUALITY EXPERIENTIAL LEARNING OPPORTUNITIES AS KEY STRATEGY IN RETAINING INDIANA'S TOP TALENT. THE PROGRAM LINKS...

WORK AND LEARN INDIANA IS THE CATALYST FOR EXPANDING THE CREATION AND USE OF HIGH-QUALITY EXPERIENTIAL LEARNING OPPORTUNITIES AS KEY STRATEGY IN RETAINING INDIANA'S TOP TALENT. THE PROGRAM LINKS INDIANA EMPLOYERS, LEARNERS, HIGH SCHOOLS, COLLEGES AND UNIVERSITIES. IT IS A DYNAMIC, SEARCHABLE DATABASE, MATCHING AND REPORTING SYSTEM THAT ALSO PROVIDES RESOURCES AND GUIDANCE ON WORK-BASED LEARNING OPPORTUNITIES.

Program 3

PROVIDES SKILLS-BASED HIRING, TRAINING AND SUPPORT TO BUSINESSES ACROSS THE STATE. THIS TRAINING PROVIDES EMPLOYERS WITH THE RESOURCES AND KNOWLEDGE TO DIFFERENTIATE THEIR HIRING AND ONBOARDING...

PROVIDES SKILLS-BASED HIRING, TRAINING AND SUPPORT TO BUSINESSES ACROSS THE STATE. THIS TRAINING PROVIDES EMPLOYERS WITH THE RESOURCES AND KNOWLEDGE TO DIFFERENTIATE THEIR HIRING AND ONBOARDING PROCESSES, OPENING NEW OPPORTUNITIES TO SKILLED CANDIDATES AND BROADENING THE APPLICANT POOL FOR 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 $1,121,456

Program Service Revenue $15,000

Investment Income $44,884

Other Revenue $0

TOTAL REVENUE $1,181,340

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $571,254

Fundraising Expenses $0

Program Expenses $1,150,829

Other Expenses $574,964

TOTAL EXPENSES $1,171,218

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,181,340	$687,409	+0.7%
Expenses	$1,171,218	$1,362,874	-0.1%
Net Income	$10,122	$-675,465	-1.0%

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

$456,656

Total Directors

$653,164

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	$46,360	$456,656
KATIE JENNER	BOARD MEMBER	1.0	Director	$0	$0	$0
MATT RUST	BOARD MEMBER	1.0	Director	$0	$0	$0
TODD HURST	BOARD MEMBER (START 12/13/24)	13.0	Director	$56,784	$7,228	$196,508
JASON BEARCE	BOARD MEMBER (END 12/13/24)	10.0		$10,000	$9,541	$185,996
KEVIN BRINEGAR	BOARD MEMBER, VICE CHAIR (END 1/5/24)	1.0		$0	$4,987	$246,535

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