NORTH CAROLINA ASSOCIATION OF WORKFORCE DEVELOPMENT BOARDS INC (EIN 311677949) - 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

2009

Legal Domicile

Principal Officer

STEPHANIE DEESE

Phone

9194142085

Tax Period

2023-07-01 to 2024-06-30

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.

Mission

JOB TRAINING/EDUCATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $62,500

Investment Income $0

Other Revenue $30,000

TOTAL REVENUE $92,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $89,174

TOTAL EXPENSES $89,174

Year-over-Year Comparison

	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%

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

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

$61,926

Total Directors

Key Employees

Highest Compensated

reported

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

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	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

NORTH CAROLINA ASSOCIATION OF WORKFORCE DEVELOPMENT BOARDS INC