WORKFORCE INVESTMENT BOARD OF THE SOUTHWEST REGION INC (EIN 431925015) - 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

2001

Legal Domicile

Principal Officer

SHERRI RHEUMS

Phone

4176259915

Tax Period

2023-07-01 to 2024-06-30

WORKFORCE INVESTMENT BOARD OF THE SOUTHWEST REGION INC, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 112% from the prior year, signaling strong growth momentum.

Mission

DEVELOPING, ESTABLISHING AND ADMINISTERING WORKFORCE TRAINING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,796,597

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,796,597

Expense Breakdown

Grants Paid $578,743

Salaries & Benefits $338,339

Fundraising Expenses $0

Program Expenses $2,521,030

Other Expenses $1,845,050

TOTAL EXPENSES $2,762,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,796,597	$1,316,960	+1.1%
Expenses	$2,762,132	$1,319,391	+1.1%
Net Income	$34,465	$-2,431	-15.2%

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

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

$75,600

Total Directors

$75,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRI RHEUMS	EXECUTIVE DI	40.00	Officer Director	$75,600	$0	$75,600
STEPHANIE HOWARD	CHAIR	1.25	Officer Director	$0	$0	$0
TOM SEARS	CHAIRPERSON	1.25	Officer Director	$0	$0	$0
RHONDA STAFFORD	SECRETARY	1.25	Officer Director	$0	$0	$0
WAYNE E WILSON	TREASURER	1.25	Officer Director	$0	$0	$0
BRAD BAKER	PAST CHAIR	1.25	Officer Director	$0	$0	$0
JIM ARMSTRONG	DIRECTOR	0.50	Director	$0	$0	$0
ROBIN BENN	DIRECTOR	0.50	Director	$0	$0	$0
ALAN BRADY	DIRECTOR	0.50	Director	$0	$0	$0
REBEKAH COOPER	DIRECTOR	0.50	Director	$0	$0	$0
CHETT DANIEL	DIRECTOR	0.50	Director	$0	$0	$0
SHARON DEMPSEY	DIRECTOR	0.50	Director	$0	$0	$0
JULI DENISCO	DIRECTOR	0.50	Director	$0	$0	$0
ANNA ELEY	DIRECTOR	0.50	Director	$0	$0	$0
JANE HOOD	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT KANATZAR	DIRECTOR	0.50	Director	$0	$0	$0
JASON KIRK	DIRECTOR	0.50	Director	$0	$0	$0
MATT LANSAW	DIRECTOR	0.50	Director	$0	$0	$0
GABE LETT	DIRECTOR	0.50	Director	$0	$0	$0
ROBIN MCHUGH	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM MILLER	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL NEWMAN	DIRECTOR	0.50	Director	$0	$0	$0
KIERSTEN SHAMHART	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	$2,796,597	$2,762,132	$357,203	$34,465
2023	$1,316,960	$1,319,391	$216,759	$-2,431
2022	$1,497,475	$1,464,030	$196,465	$33,445
2021	$1,364,676	$1,358,374	$254,510	$6,302
2020	$1,576,476	$1,566,317	$226,657	$10,159
2019	$1,991,380	$1,987,154	$198,192	$4,226
2018	$1,848,707	$1,841,687	$196,431	$7,020

WORKFORCE INVESTMENT BOARD OF THE SOUTHWEST REGION INC