WEST CENTRAL DEVELOPMENT COUNCIL

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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

1976

Legal Domicile

Principal Officer

CATHERINE WILLIAMS

Phone

2178549642

Tax Period

2024-07-01 to 2025-06-30

WEST CENTRAL DEVELOPMENT COUNCIL, founded in 1976, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE PURPOSE OF THE WCDC IS TO PERFORM ALL FUNCTIONS NECESSARY OR DESIRABLE TO FURTHER ECONOMIC DEVELOPMENT AND COMMUNITY DEVELOPMENT FOR THE COUNTIES OF MORGAN, SCOTT, GREENE, MACOUPIN, MONTGOMERY, AND SHELBY COUNTIES AND SHELBY IN THE STATE OF ILLINOIS.

Program Service Accomplishments

Program 1

Expenses: $1,746,825

THE PURPOSE OF THE WCDC IS TO PROVIDE ASSISTANCE TO THEIR 6-COUNTY REGION TO FURTHER ECONOMIC DEVELOPMENT. THE WORKFORCE DEVELOPMENT DEPARTMENT OPERATES THE WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) FOR LOCAL WORKFORCE INNOVATION AREA(LWIA)21 WHICH CONSISTS OF GREENE, MACOUPIN, MONTOGMERY, MORGAN, SCOTT AND SHELBY COUNTIES. THEY HAVE 157 CUSTOMERS REGISTERED IN DIRECT TRAINING THROUGH VARIOUS TRAINING PROVIDERS IN THE AREA THIS YEAR. JOB SEEKERS HAVE RECEIVED OVER 10,000 INDIVIDUAL POINTS OF SERVICE BETWEEN CORE-A SERVICES AND OTHER RECURRING SERVICES IN OUR JOB CENTERS THIS PAST YEAR. THESE FREE JOB-SEARCH SERVICES INCUDE CAREER COUNSELING, UP-TO-DATE AREA JOB BOARDS, COMPUTERS, AND SOFTWARE FOR JOB HUNTING AND RESUME DEVELOMENT AS WELL AS FAX MACHINES AND PHONES PROVIDED FOR JOB SEARCH AND OUTREACH. ALSO, AVAILABLE ARE TAX CREDIT INFORMATION, FINANCIAL AID APPLICATIONS AND ASSISTANCE AS WELL AS JOB MATHCING AND OTHER EMPLOYER SERVICES. THE WORKFORCE DEVELOPMENT BAORD HAS OVERSITE OF THE JOB CENTERS. THE MISSION OF THE BOARD IS TO PROIVIDE LEADERSHIP AND ADVOCACY TO ENSURE THAT THE JOB CENTER IS RECOGNIZED AS THE PRIMARY COMMUNITY RESOURCE FOR WORKFORCE DEVELOPMENT IN WEST CENTRAL ILLINOIS.

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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 $1,790,786

Program Service Revenue $0

Investment Income $65

Other Revenue $46,394

TOTAL REVENUE $1,837,245

Expense Breakdown

Grants Paid $895,981

Salaries & Benefits $775,129

Fundraising Expenses $0

Program Expenses $1,746,825

Other Expenses $159,819

TOTAL EXPENSES $1,830,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,837,245	$1,664,794	+0.1%
Expenses	$1,830,929	$1,647,811	+0.1%
Net Income	$6,316	$16,983	-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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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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN DAWS	BAORD MEMBER	2.00	Director	$0	$0	$0
CRISSY GRANT	BOARD MEMBER	2.00	Director	$0	$0	$0
JEREMY JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT QUARTON	BOARD MEMBER	2.00	Director	$0	$0	$0
GORDON RAHE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
HARRY STARR	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD WENDELL	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
DR PATTY WHITWORTH	BOARD MEMBER	2.00	Director	$0	$0	$0
CATHERINE WILLIAMS	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL WOODS	BOARD MEMBER	2.00	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	$1,837,245	$1,830,929	$130,650	$6,316
2024	$1,664,794	$1,647,811	$135,558	$16,983
2023	$1,574,282	$1,553,362	$139,457	$20,920
2022	$1,781,483	$1,746,563	$116,734	$34,920
2021	$1,595,593	$1,586,136	$100,014	$9,457
2020	$1,567,227	$1,558,174	$99,077	$9,053
2019	$2,077,062	$2,084,153	$143,009	$-7,091