WORKFORCE INNOVATIONS

EIN: 453853000 501(c)(3) Employment

DYERSBURG, TN

Total Revenue
$6,533,377
Total Expenses
$6,554,419
Total Assets
$2,416,948
Net Assets
$225,171
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
TN
Principal Officer
JENNIFER BANE
Phone
7312863585
Tax Period
2024-07-01 to 2025-06-30

WORKFORCE INNOVATIONS, founded in 2011, is a community nonprofit in the Employment sector that reported $6.5M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

TO DEVELOP A QUALITY WORKFORCE SYSTEM TO MEET THE NEEDS OF AREA EMPLOYERS AND JOB SEEKERS. BY FULFILLING OUR MISSION, NORTH AND SOUTHWEST TENNESSEE BECOMES AN AREA WHERE BUSINESS AND INDUSTRY THRIVE DUE TO THE AVAILABILITY OF A SKILLED WORKFORCE AND ROBUST TALENT PIPELINE TO FUEL PROSPEROUS COMMUNITIES AND A HIGH QUALITY OF LIFE. THE ORGANIZATION WAS ESTABLISHED IN ACCORDANCE WITH THE WORKFORCE INNOVATION AND OPPORTUNITY ACT OF 2014 ("WIOA") TO SUPPORT WIOA ACTIVITIES IN BENTON, CARROLL, CROCKETT, DYER, GIBSON, HENRY, LAKE, OBION, AND WEAKLEY COUNTIES, AND NOW ADDITIONALLY THE CHESTER, DECATUR, HARDEMAN, HARDIN, HAYWOOD, HENDERSON, MADISON, AND MCNAIRY COUNTIES.

Program Service Accomplishments

Program 1
Expenses: $6,269,302

OUR SERVICES ARE PROVIDED THROUGHOUT A SEVENTEEN (17) COUNTY AREA IN NORTH AND SOUTHWEST TENNESSEE. BRANDED AS THE AMERICAN JOB CENTERS, THE ORGANIZATION OVERSEES THREE COMPREHENSIVE CENTERS...

Read more

OUR SERVICES ARE PROVIDED THROUGHOUT A SEVENTEEN (17) COUNTY AREA IN NORTH AND SOUTHWEST TENNESSEE. BRANDED AS THE AMERICAN JOB CENTERS, THE ORGANIZATION OVERSEES THREE COMPREHENSIVE CENTERS (INCLUDING MULTIPLE PARTNERS) AND EIGHT (8) AFFILIATE/SPECIALIZED CENTERS (INCLUDING AT LEAST ONE PARTNER). THE CENTERS PROVIDED NEARLY 26,000 SERVICES TO OVER 15,200 CUSTOMERS FOR THE YEAR, SUCH AS CAREER ADVISING AND/OR JOB SEARCH ACTIVITIES, INCLUDING USE OF COMPUTERS AND OTHER TECHNOLOGY TO ACCESS JOB POSTINGS AND PARTNER SERVICES. PROFESSIONAL CAREER ADVISORS OFFER LABOR MARKET INFORMATION AND PERSONAL ASSESSMENTS TO MATCH JOB SEEKERS WITH IN DEMAND, HIGH WAGE, QUALITY JOBS. WORKSHOPS INCLUDING RESUME PREPARATION, INTERVIEWING AND NETWORKING, BASIC COMPUTER LITERACY AND FINANCIAL LITERACY, ALONG WITH VARIOUS ONLINE TOOLS ADDRESSING WORK ETHIC, PREPARE JOB SEEKERS TO PRESENT THEMSELVES TO EMPLOYERS. FOR JOB SEEKERS WHO LACK SUFFICIENT SKILLS TO COMPETE FOR JOBS, EDUCATION, TRAINING AND SUPPORT SERVICES ARE ARRANGED THROUGH AMERICAN JOB CENTER PARTNERS. BUSINESS SERVICE TEAMS WORK WITH THE EMPLOYER COMMUNITY TO IDENTIFY NECESSARY SKILLS SETS NEEDED FOR POSITIONS AND REFER QUALIFIED APPLICANTS VIA A ROBUST ONLINE JOB SEARCH ENGINE, JOBS4TN. ADDITIONAL SERVICES INCLUDE COORDINATION OF JOB FAIRS AND HIRING EVENTS; FACILITATING CAREER AWARENESS ACTIVITIES BETWEEN STUDENTS AND EMPLOYERS; AND PROVIDING LABOR MARKET INFORMATION. THE ORGANIZATION MAY ALSO AWARD GRANTS TO PRIVATE BUSINESS AND INDUSTRY FOR ON THE JOB TRAINING OF NEW HIRES AND/OR PROCESS IMPROVEMENT OR SKILLS UPGRADES OF INCUMBENT WORKERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,530,714
Program Service Revenue $0
Investment Income $2,663
Other Revenue $0
TOTAL REVENUE $6,533,377

Expense Breakdown

Grants Paid $3,557,185
Salaries & Benefits $2,301,294
Fundraising Expenses $0
Program Expenses $6,269,302
Other Expenses $695,940
TOTAL EXPENSES $6,554,419

Year-over-Year Comparison

2024 2023 Change
Revenue $6,533,377 $7,407,213 -0.1%
Expenses $6,554,419 $7,277,333 -0.1%
Net Income $-21,042 $129,880 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
9
Independent Members
9
Employees
172
Volunteers
68

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
5
$259,774
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIMMY WILLIAMSON PRESIDENT, CHAIR - DYER 1.00
Officer Director
$0 $0 $0
BEN FERGUSON VICE-PRESIDENT, CHAIR - MADISON 1.00
Officer Director
$0 $0 $0
CHUCK MARQUIS SECRETARY 1.00
Officer Director
$0 $0 $0
MARK WARD CHAIR - BENTON 1.00
Director
$0 $0 $0
STEVE CARR VICE-CHAIR - OBION 1.00
Director
$0 $0 $0
TED PIAZZA VICE-CHAIR - GIBSON 1.00
Director
$0 $0 $0
MIKE CREASY CHAIR - DECATUR 1.00
Director
$0 $0 $0
AJ MASSEY VICE-CHAIR MADISON 1.00
Director
$0 $0 $0
GEM BELL VICE-CHAIR - HAYWOOD 1.00
Director
$0 $0 $0
JENNIFER BANE EXECUTIVE DIRECTOR 37.50
Officer
$120,709 $35,378 $156,087
GINA JOHNSON DIRECTOR OF FINANCE 37.50
Officer
$73,063 $30,624 $103,687
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 $6,533,377 $6,554,419 $2,416,948 $-21,042
2024 $7,407,213 $7,277,333 $2,681,893 $129,880
2023 $6,035,254 $6,059,886 $1,927,939 $-24,632
2022 $3,796,104 $3,844,246 $948,022 $-48,142
2021 $3,686,711 $3,736,686 $844,118 $-49,975
2020 $3,608,632 $3,660,515 $930,507 $-51,883
2019 $3,821,193 $3,785,741 $962,668 $35,452
2018 $4,196,436 $3,940,923 $817,035 $255,513
Explore More Nonprofits
Top 100 Nonprofits in Tennessee Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare WORKFORCE INNOVATIONS with other nonprofits in Tennessee and across the country.