WESTERN INDIANA WORKFORCE INVESTMENT BOARD INC (EIN 352080570) - 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

2000

Legal Domicile

Principal Officer

GREG LEE

Phone

8122385616

Tax Period

2024-07-01 to 2025-06-30

WESTERN INDIANA WORKFORCE INVESTMENT BOARD INC, founded in 2000, is a community nonprofit in the Employment sector that reported $4.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

WESTERN INDIANA WORKFORCE INVESTMENT BOARD, INC. CARRIES OUT THE PROGRAM FUNCTIONS, AND RESPONSIBILITIES OF A "WORKONE" BY STRUCTURING AN INTEGRATED WORKFORCE INVESTMENT SYSTEM THAT RESPONDS TO THE EMPLOYMENT NEEDS OF ITS CUSTOMERS, CURRENT & UNEMPLOYED WORKERS, LAID OFF, NEW ENTRANTS AND EMPLOYERS WHO SERVICE CLAY, PARKE, PUTNAM, SULLIVAN, VERMILLION, AND VIGO COUNTIES.

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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 $4,144,350

Program Service Revenue $0

Investment Income $0

Other Revenue $1,917

TOTAL REVENUE $4,146,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $431,266

Fundraising Expenses $0

Program Expenses $3,864,891

Other Expenses $3,732,036

TOTAL EXPENSES $4,163,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,146,267	$3,792,983	+0.1%
Expenses	$4,163,302	$3,798,453	+0.1%
Net Income	$-17,035	$-5,470	+2.1%

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

$114,754

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAUDIA TANOOS	SEC/TREASURER	1.00	Officer Director	$0	$0	$0
R LAURENCE CROSS	PRESIDENT	1.00	Officer Director	$0	$0	$0
RYAN HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA WOOD	DIRECTOR	1.00	Director	$0	$0	$0
MARGIE ANSHUTZ	DIRECTOR	1.00	Director	$0	$0	$0
FREDIA HAVILAND	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY MARION	DIRECTOR	1.00	Director	$0	$0	$0
TOM WILSON	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
RYAN KELLER	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI REAGAN	DIRECTOR	1.00	Director	$0	$0	$0
BRYANT WOLFE	DIRECTOR	1.00	Director	$0	$0	$0
JOE BOLK	DIRECTOR	1.00	Director	$0	$0	$0
SHANE ALUMBAUGH	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE LUTZ	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY MOORE	DIRECTOR	1.00	Director	$0	$0	$0
DOUG DILLION	DIRECTOR	1.00	Director	$0	$0	$0
DR LEA ANNE CROOKS	DIRECTOR	1.00	Director	$0	$0	$0
DARYL ANDREWS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIE SCHLOSSER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA STARKS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER ISBELL-SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
MAJDI EL-ALAMI	DIRECTOR	1.00	Director	$0	$0	$0
CYNDI TODD	DIRECTOR	1.00	Director	$0	$0	$0
KATHY HICKS	DIRECTOR	1.00	Director	$0	$0	$0
GREG LEE	EXECUTIVE DIR.	40.00	Officer	$33,392	$0	$33,392
LISA LEE	EXECUTIVE DIR.	40.00	Officer	$81,362	$0	$81,362

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	$4,146,267	$4,163,302	$2,557,033	$-17,035
2024	$3,792,983	$3,798,453	$1,214,243	$-5,470
2023	$3,418,915	$3,427,149	$851,657	$-8,234
2022	$2,848,952	$2,849,315	$630,763	$-363
2021	$2,549,391	$2,567,041	$507,109	$-17,650
2020	$2,645,020	$2,626,030	$617,862	$18,990
2019	$2,774,683	$2,783,650	$538,079	$-8,967
2018	$3,027,058	$3,031,587	$628,177	$-4,529

WESTERN INDIANA WORKFORCE INVESTMENT BOARD INC