GRUNDY LIVINGSTON KANKAKEE WORKFORCE INVESTMENT BOARD (EIN 352200461) - 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

2003

Legal Domicile

Principal Officer

LADONNA RUSSELL

Phone

8159350074

Tax Period

2024-07-01 to 2025-06-30

GRUNDY LIVINGSTON KANKAKEE WORKFORCE INVESTMENT BOARD, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $169K in total revenue in fiscal year 2020.

Mission

ENHANCING WORKFORCE QUALITY TO MEET REGIONAL NEEDS

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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 $198,592

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $198,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,502

Fundraising Expenses $0

Program Expenses $187,600

Other Expenses $36,098

TOTAL EXPENSES $187,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$198,592	$162,110	+0.2%
Expenses	$187,600	$166,011	+0.1%
Net Income	$10,992	$-3,901	-3.8%

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

$77,033

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LADONNA RUSSELL	EXECUTIVE DI	40.00	Officer	$77,033	$0	$77,033
BERNARD ANDERSON	SECRETARY	N/A	Officer Director	$0	$0	$0
MEGAN BORCHERS	DIRECTOR	N/A	Director	$0	$0	$0
DR MICHAEL BOYD	DIRECTOR	N/A	Director	$0	$0	$0
SHANNAN CARRELL	DIRECTOR	N/A	Director	$0	$0	$0
LANCE COPES	DIRECTOR	N/A	Director	$0	$0	$0
SANDY ERSCHEN	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT FRANCO	DIRECTOR	N/A	Director	$0	$0	$0
MIKE GERRISH	DIRECTOR	N/A	Director	$0	$0	$0
TERA GRAVES	DIRECTOR	N/A	Director	$0	$0	$0
JANET JENSEN	DIRECTOR	N/A	Director	$0	$0	$0
MATT KELLEY	DIRECTOR	N/A	Director	$0	$0	$0
STEVE MAGRUDER	DIRECTOR	N/A	Director	$0	$0	$0
RICK MANUEL	CHAIRMAN	N/A	Officer Director	$0	$0	$0
ERIN MURPHY-FROBISH	DIRECTOR	N/A	Director	$0	$0	$0
DR CLYDE NAMUNO	DIRECTOR	N/A	Director	$0	$0	$0
TAMMY NEMETH	DIRECTOR	N/A	Director	$0	$0	$0
NANCY NORTON	DIRECTOR	N/A	Director	$0	$0	$0
GLORIA RICHARD	DIRECTOR	N/A	Director	$0	$0	$0
TINA SALGADO	DIRECTOR	N/A	Director	$0	$0	$0
MELISSA TANNER	DIRECTOR	N/A	Director	$0	$0	$0
AMBER TURNER	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTINA VAN YPEREN	DIRECTOR	N/A	Director	$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
2025	$198,592	$187,600	$20,519	$10,992
2024	$162,110	$166,011	$9,527	$-3,901
2023	$175,744	$176,911	$13,428	$-1,167
2022	$201,924	$196,270	$30,635	$5,654
2021	$169,351	$173,687	$8,026	$-4,336

GRUNDY LIVINGSTON KANKAKEE WORKFORCE INVESTMENT BOARD