RALEIGH, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORTH CAROLINA ASSOCIATION OF WORKFORCE DEVELOPMENT BOARDS INC, founded in 2009, is a micro nonprofit in the Community Improvement sector that reported $92K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $89K left a modest 4% surplus.
TO PROVIDE TRAINING AND RESOURCES TO THE LOCAL NC WORKFORCE DEVELOPMENT BOARDS. THESE LOCAL WORKFORCE DEVELOPMENT BOARDS, ALONG WITH PARTNERS THROUGH NCWORKS, HELP ADVANCE THE NEEDS OF WORKERS AND EMPLOYERS IN NORTH CAROLINA AND DECREASE THE NEED FOR SOCIAL PROGRAMS FUNDED BY THE FEDERAL AND STATE GOVERNMENT BY PROVIDING TRAINING, UPSKILLING FOR THOSE UNEMPLOYED AND JOB PLACEMENT TO DISLOCATED WORKERS.
THE ASSOCIATION PROVIDES INFORMATION, RESOURCES AND TRAINING TO THE 23 LOCAL WORKFORCE DEVELOPMENT BOARDS AND BOARD DIRECTORS IN NORTH CAROLINA AND PERMITS THE SHARING OF COMMON OPERATING EXPENSES...
THE ASSOCIATION PROVIDES INFORMATION, RESOURCES AND TRAINING TO THE 23 LOCAL WORKFORCE DEVELOPMENT BOARDS AND BOARD DIRECTORS IN NORTH CAROLINA AND PERMITS THE SHARING OF COMMON OPERATING EXPENSES AMONG THOSE WORKFORCE DEVELOPMENT BOARDS. THE ASSOCIATION PROVIDES EDUCATION AND TRAINING ASSISTANCE TO THE LOCAL BOARDS THAT GOVERN THE JOB TRAINING PROGRAMS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $92,500 | $110,009 | -0.2% |
| Expenses | $89,174 | $108,476 | -0.2% |
| Net Income | $3,326 | $1,533 | +1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JEFF FREDERICKSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PAT STURDIVANT | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| WENDY WALKER FOX | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JENNIE BOWEN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ANNA LONDON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| RODNEY CARSON | PRESIDENT | 2.00 |
Officer
|
$0 | $0 | $0 |
| JAMES FLOCK | VICE PRESIDENT | 2.00 |
Officer
|
$0 | $0 | $0 |
| GRAHAM FIELDS | SECRETARY | 2.00 |
Officer
|
$0 | $0 | $0 |
| DINA SIMCOX | TREASURER | 2.00 |
Officer
|
$0 | $0 | $0 |
| STEPHANIE DEESE | EXECUTIVE DIRECTOR | 20.00 |
Officer
|
$61,926 | $0 | $61,926 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $92,500 | $89,174 | $110,715 | $3,326 |
| 2023 | $110,009 | $108,476 | $107,389 | $1,533 |
| 2022 | $103,250 | $80,983 | $105,856 | $22,267 |
| 2021 | $271,744 | $250,963 | $83,589 | $20,781 |
Compare NORTH CAROLINA ASSOCIATION OF WORKFORCE DEVELOPMENT BOARDS INC with other nonprofits in North Carolina and across the country.