NORTHEAST WORKFORCE DEVELOPMENT BOARD INC (EIN 470926983) - 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

1996

Legal Domicile

Principal Officer

BOBBIE WOLF

Tax Period

2023-07-01 to 2024-06-30

NORTHEAST WORKFORCE DEVELOPMENT BOARD INC, founded in 1996, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring.

Mission

THE NORTHEAST WORKFORCE DEVELOPMENT BOARD, INC. MEETS QUARTERLY TO ESTABLISH POLICIES AND GOALS TO PROVIDE GUIDANCE AND TO EVALUATE THE PERFORMANCE OF THE SERVICE PROVIDER AND FISCAL AGENCY CURRENTLY OPERATING UNDER THE WORKFORCE INNOVATION AND OPPORTUNITY ACT OF 2014.

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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 $1,560,778

Program Service Revenue $0

Investment Income $2,751

Other Revenue $0

TOTAL REVENUE $1,563,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $655,734

Fundraising Expenses $0

Program Expenses $1,373,160

Other Expenses $899,357

TOTAL EXPENSES $1,555,091

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,563,529	$3,457,879	-0.5%
Expenses	$1,555,091	$3,249,574	-0.5%
Net Income	$8,438	$208,305	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASI MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBBIN ROGERS COX	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH HAYES	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE SKINNER	BOARD MEMBER	1.00	Director	$0	$0	$0
MEREDITH FRAILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DR MARY MILLIKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYLE MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET GIMLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DUSTIN PHELAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA SHRUM	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES SHARP	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL CRALLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
LAYLA FREEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MISTY WHEELER	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE KELLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT FRY	NEWDB VICE CHAIR	1.00	Officer Director	$0	$0	$0
BOBBIE WOLF	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
HEATHER SMOOT	NEWDB CHAIR	1.00	Officer	$0	$0	$0
NICK BOWERS	BOARD MEMBER	1.00	Officer	$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
2024	$1,563,529	$1,555,091	$380,503	$8,438
2023	$3,457,879	$3,249,574	$664,128	$208,305
2022	$1,281,286	$1,369,202	$218,058	$-87,916
2021	$1,396,198	$1,319,414	$292,264	$76,784
2020	$978,116	$976,251	$246,808	$1,865
2019	$923,737	$923,737	$424,143	No data
2018	$1,073,261	$1,073,261	$201,778	No data

NORTHEAST WORKFORCE DEVELOPMENT BOARD INC