THE CENTER OF WORKFORCE INNOVATIONS INC

EIN: 352099782 501(c)(3) Community Improvement

GARY, IN

Total Revenue
$16,379,488
Total Expenses
$16,436,648
Total Assets
$3,891,482
Net Assets
$1,197,871
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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
IN
Principal Officer
LISA DAUGHERTY
Phone
2194622940
Tax Period
2024-07-01 to 2025-06-30

THE CENTER OF WORKFORCE INNOVATIONS INC, founded in 2000, is a mid-sized nonprofit in the Community Improvement sector that reported $16.4M in total revenue in fiscal year 2024.

Mission

TO ASSIST IN MEETING THE TRAINING AND EMPLOYMENT NEEDS OF WORKERS AND EMPLOYERS IN JASPER, LAKE, LAPORTE, NEWTON, PORTER, PULASKI, AND STARKE COUNTIES IN INDIANA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $16,366,479
Program Service Revenue $0
Investment Income $13,009
Other Revenue $0
TOTAL REVENUE $16,379,488

Expense Breakdown

Grants Paid $6,557,122
Salaries & Benefits $4,534,468
Fundraising Expenses $0
Program Expenses $15,021,727
Other Expenses $5,345,058
TOTAL EXPENSES $16,436,648

Year-over-Year Comparison

2024 2023 Change
Revenue $16,379,488 $15,174,309 +0.1%
Expenses $16,436,648 $15,336,962 +0.1%
Net Income $-57,160 $-162,653 -0.6%
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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Governance

Voting Members
8
Independent Members
8
Employees
94
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
7
$468,865
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM JORGENSEN DIRECTOR 2.00
Director
$0 $0 $0
GLEN TODD VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
BETH MCFARLAND DIRECTOR 2.00
Director
$0 $0 $0
LOUIE GONZALEZ SECRETARY 2.00
Officer Director
$0 $0 $0
HEATHER ENNIS DIRECTOR 2.00
Director
$0 $0 $0
DANA RIFAI TREASURER 2.00
Officer Director
$0 $0 $0
MICHAEL SUGGS BOARD CHAIR 2.00
Officer Director
$0 $0 $0
ALISA HECIMOVICH DIRECTOR 2.00
Director
$0 $0 $0
LISA DAUGHERTY PRESIDENT & CEO 40.00
Officer
$206,844 $0 $206,844
KATHLEEN NEARY STRATEGIC INNOVATIONS OFFICER 40.00
Officer
$126,140 $0 $126,140
ERIN SIZEMORE CHIEF FISCAL OFFICER 40.00
Officer
$135,881 $0 $135,881
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 $16,379,488 $16,436,648 $3,891,482 $-57,160
2024 No data No data No data No data
2023 $16,535,508 $16,469,900 $3,712,051 $65,608
2022 $14,608,336 $14,627,031 $2,958,255 $-18,695
2021 $12,182,315 $12,113,484 $2,445,469 $68,831
2020 $11,227,387 $11,241,200 $2,594,420 $-13,813
2019 $11,952,549 $11,937,027 $2,604,250 $15,522
2018 $11,309,311 $11,309,846 $2,617,518 $-535
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