Madera County Workforce Investment Corporation (EIN 455243432) - 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

2011

Legal Domicile

Principal Officer

Maiknue Vang

Phone

5596624500

Tax Period

2024-07-01 to 2025-06-30

Madera County Workforce Investment Corporation, founded in 2011, is a community nonprofit in the Employment sector that reported $3.6M in total revenue in fiscal year 2024. Expenses of $3.3M left a modest 8% surplus.

Mission

Madera County Workforce Investment Corporation provides and invests in a comprehensive array of business and career services, including employment assistance, job training, and skills development that promote economic health and prosperity and support the economic success of businesses, residents, and communities within Madera County.

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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 $3,410,408

Program Service Revenue $204,688

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,615,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,667,620

Fundraising Expenses $0

Program Expenses $2,776,718

Other Expenses $1,645,148

TOTAL EXPENSES $3,312,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,615,096	$3,397,907	+0.1%
Expenses	$3,312,768	$3,410,506	0.0%
Net Income	$302,328	$-12,599	-25.0%

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

$256,058

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maiknue Vang	Exec Dir/Sec	40.00	Officer	$128,730	$7,515	$136,245
Jessica Roche	Treas/Controll	40.00	Officer	$107,464	$12,349	$119,813
Debi Bray	Chair	1.00	Officer Director	$0	$0	$0
Mattie Mendez	Director	1.00	Officer Director	$0	$0	$0
Gabriel Mejia	Vice Chair	1.00	Officer Director	$0	$0	$0
Roger Leach	Director	1.00	Director	$0	$0	$0
Ramona Davie	Director	1.00	Director	$0	$0	$0
Tim Riche	Director	1.00	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	$3,615,096	$3,312,768	$3,724,414	$302,328
2024	$3,397,907	$3,410,506	$3,651,570	$-12,599
2023	$3,072,166	$2,986,540	$3,640,142	$85,626
2022	$3,134,795	$3,074,176	$726,385	$60,619
2021	$2,835,470	$2,806,172	$708,385	$29,298
2020	$3,231,129	$3,155,754	$651,336	$75,375
2019	$3,464,016	$3,311,980	$695,166	$152,036
2018	$2,657,355	$2,637,935	$456,586	$19,420

Madera County Workforce Investment Corporation