NORTHEAST TEXAS WORKFORCE DEVELOPMENT BOARD

EIN: 311802114 501(c)(3) Employment

Texarkana, TX

Total Revenue
$19,575,934
Total Expenses
$19,779,799
Total Assets
$3,551,180
Net Assets
$266,321
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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
2001
Legal Domicile
TX
Tax Period
2023-10-01 to 2024-09-30

NORTHEAST TEXAS WORKFORCE DEVELOPMENT BOARD, founded in 2001, is a mid-sized nonprofit in the Employment sector that reported $19.6M in total revenue in fiscal year 2023.

Mission

Provide policy guidlines, planning, oversight and evaluation for all workforce development programs for the Northeast Texas Workforce Development Area.

Program Service Accomplishments

Program 1
Expenses: $18,510,399 Revenue: $481,324

Provide employment and training services, employment related educational programs, unemployment compensation insurance and portions of public welfare programs.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $19,577,270
Program Service Revenue $-1,336
Investment Income $0
Other Revenue $0
TOTAL REVENUE $19,575,934

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,027,993
Fundraising Expenses $0
Program Expenses $18,510,399
Other Expenses $14,751,806
TOTAL EXPENSES $19,779,799

Year-over-Year Comparison

2023 2022 Change
Revenue $19,575,934 $18,418,071 +0.1%
Expenses $19,779,799 $18,197,680 +0.1%
Net Income $-203,865 $220,391 -1.9%
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

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Governance

Voting Members
25
Independent Members
25
Employees
13
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
6
$107,991
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Randy Reed Executive Director 0.00
$162,706 $0 $162,706
KIANN RICHARDSON FINANCE DIRECTOR 0.00
Officer
$107,991 $0 $107,991
WILLIAM DYCK BOARD MEMBER 0.00
Director
$0 $0 $0
ERIC BRYANT BOARD MEMBER 0.00
Director
$0 $0 $0
TIFFANY COOPER-AGUILAR BOARD MEMBER 0.00
Director
$0 $0 $0
MEGAN KUMPE BOARD MEMBER 0.00
Director
$0 $0 $0
BRIAN HEAVNER BOARD MEMBER 0.00
Director
$0 $0 $0
CARROLYN GRIFFIN BOARD MEMBER 0.00
Director
$0 $0 $0
ADAM ROUTON BOARD MEMBER 0.00
Director
$0 $0 $0
BRIAN CRUMP BOARD MEMBER 0.00
Director
$0 $0 $0
LARRY DOTIN BOARD MEMBER 0.00
Director
$0 $0 $0
DIANE STEGALL CHAIR 0.00
Officer
$0 $0 $0
BART SPIVEY EXECUTIVE DIRECTOR 0.00
Officer
$0 $0 $0
AMANDO AZUA VICE CHAIR 0.00
Officer
$0 $0 $0
TAMMY MILLER TREASURER 0.00
Officer
$0 $0 $0
KEVIN ROSE SECRETARY 0.00
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 $19,575,934 $19,779,799 $3,551,180 $-203,865
2023 $18,418,071 $18,197,680 $3,454,710 $220,391
2022 $17,950,786 $17,952,854 $1,940,967 $-2,068
2021 $15,473,387 $15,294,071 $1,257,688 $179,316
2020 $15,227,934 $15,245,352 $1,634,579 $-17,418
2019 $14,327,749 $14,309,603 $1,081,779 $18,146
2018 $11,193,496 $11,149,927 $853,757 $43,569
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