THE GREATER LOUISVILLE WORKFORCE DEVELOPMENT BOARD INC

EIN: 464856936 501(c)(3) Community Improvement

LOUISVILLE, KY

Total Revenue
$16,266,660
Total Expenses
$15,476,214
Total Assets
$11,519,348
Net Assets
$790,446
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
KY
Principal Officer
MICHAEL GRITTON
Phone
5025743145
Tax Period
2023-07-01 to 2024-06-30

THE GREATER LOUISVILLE WORKFORCE DEVELOPMENT BOARD INC, founded in 2015, is a mid-sized nonprofit in the Community Improvement sector that reported $16.3M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $15.5M left a modest 5% surplus.

Mission

THE GREATER LOUISVILLE WORKFORCE DEVELOPMENT BOARD, INC. DBA KENTUCKIANAWORKS, ADMINISTERS AND OVERSEES KENTUCKY CAREER CENTERS FOR THE GREATER LOUISVILLE REGION CONSISTING OF JEFFERSON, BULLIT, HENRY, OLDHAM, SPENCER, SHELBY AND TRIMBLE COUNTIES. THE CAREER CENTERS PROVIDE WORKFORCE DEVELOPMENT, EDUCATIONAL ASSISTANCE AND OTHER RELATED PROGRAMS FOR THE 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 $14,054,404
Program Service Revenue $0
Investment Income $0
Other Revenue $2,212,256
TOTAL REVENUE $16,266,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,634,320
Fundraising Expenses $0
Program Expenses $14,798,869
Other Expenses $12,841,894
TOTAL EXPENSES $15,476,214

Year-over-Year Comparison

2023 2022 Change
Revenue $16,266,660 $11,466,467 +0.4%
Expenses $15,476,214 $11,466,467 +0.3%
Net Income $790,446 $0 N/A
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
22
Independent Members
22
Employees
3
Volunteers
N/A

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
3
$328,453
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAYOR CRAIG GREENERG BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID BIZINANES BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH DAVASHER-WISDOM BOARD MEMBER 1.00
Director
$0 $0 $0
KIM BLANDING BOARD MEMBER 1.00
Director
$0 $0 $0
ERIK ELZY BOARD MEMBER 1.00
Director
$0 $0 $0
DR TY J HANDY BOARD MEMBER 1.00
Director
$0 $0 $0
CORTNEY BURDEN BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC FRIGGLE BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL HESKETH BOARD MEMBER 1.00
Director
$0 $0 $0
CORNELIUS COTTON BOARD MEMBER 1.00
Director
$0 $0 $0
SHARNIKA GLENN BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLINE HOOE BOARD MEMBER 1.00
Director
$0 $0 $0
KYLE HURWITZ BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER LAMPTON BOARD MEMBER 1.00
Director
$0 $0 $0
ANNIE LIKINS BOARD MEMBER 1.00
Director
$0 $0 $0
JANA MARTIN-REED BOARD MEMBER 1.00
Director
$0 $0 $0
LYNDON PRYOR BOARD MEMBER 1.00
Director
$0 $0 $0
RICK PURDY BOARD MEMBER 1.00
Director
$0 $0 $0
ROCKI ROCKINGHAM BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLOS SANCHEZ BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN UYISENGA BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN WESTBROOK BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL GRITTON EXECUTIVE DIRECTOR 40.00
Officer
$141,196 $0 $141,196
TERA WEST DEPUTY DIRECTOR 40.00
Officer
$85,697 $0 $85,697
DANA MOORER CFO 50.00
Officer
$101,560 $0 $101,560
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 $16,266,660 $15,476,214 $11,519,348 $790,446
2023 $11,466,467 $11,466,467 $5,241,644 No data
2022 $9,691,138 $9,691,138 $3,782,999 No data
2021 $9,375,949 $9,375,949 $4,535,593 No data
2020 $8,833,916 $8,833,916 $3,852,062 No data
2019 $8,508,712 $8,508,712 $1,561,184 No data
2018 $9,522,801 $9,522,801 $2,895,686 No data
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