West Central Texas Workforce Development Board Inc

EIN: 421716431 501(c)(3) Employment

Abilene, TX

Total Revenue
$1,292,842
Total Expenses
$1,534,995
Total Assets
$670,695
Net Assets
$522,307
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
TX
Principal Officer
Mary Ross
Tax Period
2023-10-01 to 2024-09-30

West Central Texas Workforce Development Board Inc, founded in 2006, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 19% operating deficit.

Mission

To support and compliment the work of Workforce Solutions of West Central Texas Board, which is responsible for the planning, oversight, and evaluation of a consolidated workforce system for the 19 County West Central Texas 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,135,642
Program Service Revenue $157,200
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,292,842

Expense Breakdown

Grants Paid $21,557
Salaries & Benefits $911,640
Fundraising Expenses $0
Program Expenses $1,501,346
Other Expenses $601,798
TOTAL EXPENSES $1,534,995

Year-over-Year Comparison

2023 2022 Change
Revenue $1,292,842 $1,619,643 -0.2%
Expenses $1,534,995 $1,009,983 +0.5%
Net Income $-242,153 $609,660 -1.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
30
Independent Members
30
Employees
N/A
Volunteers
110

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
8
$158,390
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Ross Executive Director 10.00
Officer
$0 $16,949 $158,390
Jay Smith Board Member 1.00
Director
$0 $0 $0
Ethan Shepherd Board Member 1.00
Director
$0 $0 $0
Belinda Kerr Board Member 1.00
Director
$0 $0 $0
Shaun Martin Board Member 1.00
Director
$0 $0 $0
Cynthia Pearson Board Member 1.00
Director
$0 $0 $0
Samuel Garcia Board Member 1.00
Director
$0 $0 $0
Lee Ann Millender Board Member 1.00
Director
$0 $0 $0
Joel Mullins Board Member 1.00
Director
$0 $0 $0
Veronica Diaz Board Member 1.00
Director
$0 $0 $0
Ken Becker Board Member 1.00
Director
$0 $0 $0
Thomas Winter Board Member 1.00
Director
$0 $0 $0
Joey Kincaid Board Member 1.00
Director
$0 $0 $0
Shawn Hartfield Board Member 1.00
Director
$0 $0 $0
Tanya Johnson Board Member 1.00
Director
$0 $0 $0
Carrie Pierce Board Member 1.00
Director
$0 $0 $0
Hanna Adams Board Member 1.00
Director
$0 $0 $0
Jim Astin Board Member 1.00
Director
$0 $0 $0
Samuel Garcia Board Member 1.00
Director
$0 $0 $0
Tommy Higgins Board Member 1.00
Director
$0 $0 $0
Jeff Howle Board Member 1.00
Director
$0 $0 $0
Seaton Higginbotham Board Member 1.00
Director
$0 $0 $0
Andre Gwinn Sr Board Member 1.00
Director
$0 $0 $0
Bobby Martin Board Member 1.00
Director
$0 $0 $0
Laura Bowers Regional Representative 1.00
Officer Director
$0 $0 $0
Daniel Henson Chair 1.00
Officer Director
$0 $0 $0
Steve Dye Vice Chair 1.00
Officer Director
$0 $0 $0
Chance Barr Regional Representative 1.00
Officer Director
$0 $0 $0
Richard Williams Secretary-Treasurer 1.00
Officer Director
$0 $0 $0
Mike Snead Regional Representative 1.00
Officer Director
$0 $0 $0
Tammy Reese Past Chair 1.00
Officer 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
2024 $1,292,842 $1,534,995 $670,695 $-242,153
2023 $1,619,643 $1,009,983 $899,041 $609,660
2022 $424,926 $782,128 $400,266 $-357,202
2021 $742,421 $439,218 $582,620 $303,203
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