NOVA Workforce Institute of Northeast Louisiana In (EIN 300462723) - 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

2007

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

NOVA Workforce Institute of Northeast Louisiana In, founded in 2007, is a small nonprofit in the Education sector that reported $777K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

Job training and retraining for low income individuals. The organization serves to connect the needs of 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 $776,910

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $776,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $466,991

Fundraising Expenses $0

Program Expenses $758,403

Other Expenses $291,412

TOTAL EXPENSES $758,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$776,910	$619,195	+0.3%
Expenses	$758,403	$680,596	+0.1%
Net Income	$18,507	$-61,401	-1.3%

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

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

$106,073

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul West	Executive Director	40.00	Key Emp	$106,073	$0	$106,073
Airnee Kane	Board Member	5.00	Director	$0	$0	$0
Robert Griffin	Vice President	5.00	Director	$0	$0	$0
Karen Hayward	Board Member	5.00	Director	$0	$0	$0
Veronica Tappin	Board Member	5.00	Director	$0	$0	$0
Dohaysky Soto	Board Member	5.00	Director	$0	$0	$0
A B Johnson	Board Member	5.00	Director	$0	$0	$0
Beverly Lewis	Board Member	5.00	Director	$0	$0	$0
George Britton	Board Member	5.00	Director	$0	$0	$0
Tavia Perry	Board Member	5.00	Director	$0	$0	$0
Rodney Welch	Board Member	5.00	Director	$0	$0	$0
Sherry R Wilson	President	5.00	Officer	$0	$0	$0
Ben Westerburg	Secretary-Treasurer	5.00	Officer	$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	$776,910	$758,403	$314,144	$18,507
2023	$619,195	$680,596	$288,664	$-61,401
2022	$659,954	$668,209	$274,660	$-8,255
2021	$541,221	$541,221	$347,885	No data
2020	$471,532	$471,532	$284,850	No data
2019	$401,863	$401,863	$244,963	No data
2018	$352,094	$352,094	$173,674	No data

NOVA Workforce Institute of Northeast Louisiana In