SOUTHERN WORKFORCE BOARD INCORPORATED

EIN: 455383995 501(c)(3) Employment

Durant, OK

Total Revenue
$4,019,208
Total Expenses
$4,022,597
Total Assets
$342,137
Net Assets
$-6,113
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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
2012
Legal Domicile
OK
Principal Officer
Kerry D Manning
Phone
5807455397
Tax Period
2024-07-01 to 2025-06-30

SOUTHERN WORKFORCE BOARD INCORPORATED, founded in 2012, is a community nonprofit in the Employment sector that reported $4.0M in total revenue in fiscal year 2024.

Mission

Southern Workforce Board, Inc. (SWB) was incorporated to administer the Workforce Innovation and Opportunity Act (WIOA) and other federal and state job training programs for the southern jurisdiction of 17 counties in the southern and southeast Oklahoma area.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,965,205
Program Service Revenue $54,003
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,019,208

Expense Breakdown

Grants Paid $0
Salaries & Benefits $610,886
Fundraising Expenses $0
Program Expenses $3,721,353
Other Expenses $3,411,711
TOTAL EXPENSES $4,022,597

Year-over-Year Comparison

2024 2023 Change
Revenue $4,019,208 $4,076,370 0.0%
Expenses $4,022,597 $4,066,812 0.0%
Net Income $-3,389 $9,558 -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

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

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Governance

Voting Members
25
Independent Members
25
Employees
104
Volunteers
26

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
$207,506
Total Directors
28
$207,506
Key Employees
3
$207,506
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kerry Manning Executive Director 40
Officer Director Key Emp
$72,358 $0 $72,358
Karen Davidson Deputy Director 40
Officer Director Key Emp
$70,639 $0 $70,639
Gail Armstrong Fiscal Officer 40
Officer Director Key Emp
$64,509 $0 $64,509
Melissa Prentice Board Chairman 1
Officer Director
$0 $0 $0
Arlinda Darst Board Vice-Chairman 1
Officer Director
$0 $0 $0
Miranda Babb Board Member 1
Director
$0 $0 $0
Tracy Beaver Board Member 1
Director
$0 $0 $0
Les Brown Board Member 1
Director
$0 $0 $0
Joe Clark Board Member 1
Director
$0 $0 $0
Cody Cox Board Member 1
Director
$0 $0 $0
Ginger Crawford Board Member 1
Director
$0 $0 $0
Annette Cusher Board Member 1
Director
$0 $0 $0
Chris Duroy Board Member 1
Director
$0 $0 $0
Shelly Free Board Member 1
Director
$0 $0 $0
Lisa Ford Board Member 1
Director
$0 $0 $0
Roy Gordon Board Member 1
Director
$0 $0 $0
Amy Salazar Board Member 1
Director
$0 $0 $0
Clint Hardison Board Member 1
Director
$0 $0 $0
Roberty Holliday Jr Board Member 1
Director
$0 $0 $0
Paulette Kendrick Board Member 1
Director
$0 $0 $0
Robert Mabray Board Member 1
Director
$0 $0 $0
Lucy Muller Board Member 1
Director
$0 $0 $0
Malynda Parks Board Member 1
Director
$0 $0 $0
Chris Perry Board Member 1
Director
$0 $0 $0
Tammy Randazzo Board Member 1
Director
$0 $0 $0
Stephanie Weathers Board Member 1
Director
$0 $0 $0
Sarah Wesley Board Member 1
Director
$0 $0 $0
Sue Young Board Member 1
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 $4,019,208 $4,022,597 $342,137 $-3,389
2024 $4,076,370 $4,066,812 $1,000,039 $9,558
2023 $6,234,188 $6,230,884 $855,668 $3,304
2022 $5,906,291 $5,897,282 $1,004,157 $9,009
2021 $5,313,142 $5,312,389 $1,369,194 $753
2020 $4,164,089 $4,164,268 $679,899 $-179
2019 $4,264,270 $4,261,297 $919,816 $2,973
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