SOUTHWEST WISCONSIN WORKFORCE DEVELOPMENT BOARD INC (EIN 391451363) - 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

1983

Legal Domicile

Principal Officer

RHONDA SUDA

Phone

6083143300

Tax Period

2024-07-01 to 2025-06-30

SOUTHWEST WISCONSIN WORKFORCE DEVELOPMENT BOARD INC, founded in 1983, is a community nonprofit in the Public & Societal Benefit sector that reported $6.1M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $5.9M left a modest 4% surplus.

Mission

TO PROVIDE A COLLABORATIVE TALENT DEVELOPMENT SYSTEM WITHIN THE REGION.

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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 $5,704,952

Program Service Revenue $356,306

Investment Income $60,969

Other Revenue $0

TOTAL REVENUE $6,122,227

Expense Breakdown

Grants Paid $1,949,575

Salaries & Benefits $3,285,189

Fundraising Expenses $0

Program Expenses $5,300,200

Other Expenses $617,125

TOTAL EXPENSES $5,851,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,122,227	$6,563,923	-0.1%
Expenses	$5,851,889	$6,334,781	-0.1%
Net Income	$270,338	$229,142	+0.2%

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

163

Volunteers

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

$135,974

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA LAUCK	CHAIR	1.00	Officer Director	$0	$0	$0
KEITH KRUSE	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL WILLIAMS	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAMES OTTERSTEIN	TREASURER	1.00	Officer Director	$0	$0	$0
LISA OMEN	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDA HENDRICKSON	DIRECTOR	1.00	Director	$0	$0	$0
MARC PERRY	DIRECTOR	1.00	Director	$0	$0	$0
JASON AARUD	DIRECTOR	1.00	Director	$0	$0	$0
IVAN COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
ADRIENNE WEBER	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER FIFRICK	DIRECTOR	1.00	Director	$0	$0	$0
JILL LIEGEL	DIRECTOR	1.00	Director	$0	$0	$0
ELA KAKDE	DIRECTOR	1.00	Director	$0	$0	$0
TROY MARX	DIRECTOR	1.00	Director	$0	$0	$0
TRACY PIERNER	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF FRICKE	DIRECTOR	1.00	Director	$0	$0	$0
WAYLON GROSS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SHAW	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY LANTTA	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA SIMON	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW MARCOTTE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MEYERS	DIRECTOR	1.00	Director	$0	$0	$0
AMY SANTAS	DIRECTOR (THRU MAY)	1.00	Director	$0	$0	$0
KENDAL GARRISON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN TOUTANT	DIRECTOR	1.00	Director	$0	$0	$0
JASON MURRAY	DIRECTOR (FROM MAY)	1.00	Director	$0	$0	$0
RHONDA SUDA	CHIEF EXECUTIVE OFFICER	40.00	Officer	$95,627	$40,347	$135,974

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	$6,122,227	$5,851,889	$2,838,613	$270,338
2024	$6,563,923	$6,334,781	$2,741,765	$229,142
2023	$7,393,916	$7,158,283	$2,911,175	$235,633
2022	$5,444,761	$5,242,943	$2,202,636	$201,818
2021	$4,473,102	$4,317,618	$1,656,815	$155,484
2020	$4,538,432	$4,406,423	$1,517,408	$132,009
2019	$4,253,630	$4,146,754	$1,393,878	$106,876
2018	$3,973,192	$3,834,656	$1,378,582	$138,536

SOUTHWEST WISCONSIN WORKFORCE DEVELOPMENT BOARD INC