SOUTHWESTERN OREGON WORKFORCE INVE… - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

SARA STEPHENS

Phone

8445326893

Tax Period

2023-07-01 to 2024-06-30

SOUTHWESTERN OREGON WORKFORCE INVESTMENT BOARD, founded in 2015, is a community nonprofit in the Employment sector that reported $8.1M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

TO COORDINATE WORKFORCE PROGRAMS AND SERVICES IN COOS, CURRY, AND DOUGLAS COUNTIES, OREGON THROUGH A NETWORK OF LOCAL PARTNERS.

Program Service Accomplishments

Program 1

Expenses: $3,558,763

EMPLOYMENT AND TRAINING

Program 2

Expenses: $2,723,655

SOWIB SERVES AS THE ADMINISTRATIVE ENTITY FOR WORKFORCE DEVELOPMENT PROGRAMS FOR COOS, CURRY, AND DOUGLAS COUNTIES, OREGON.

Program 3

Expenses: $786,712

EARLY LEARNING CHILDCARE AND PARENTING RESOURCES FOR COOS, CURRY AND COASTAL DOUGLAS COUNTIES

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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 $7,936,178

Program Service Revenue $174,781

Investment Income $361

Other Revenue $323

TOTAL REVENUE $8,111,643

Expense Breakdown

Grants Paid $4,520,650

Salaries & Benefits $2,289,331

Fundraising Expenses $0

Program Expenses $7,412,782

Other Expenses $1,167,918

TOTAL EXPENSES $7,977,899

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,111,643	$8,983,720	-0.1%
Expenses	$7,977,899	$8,445,525	-0.1%
Net Income	$133,744	$538,195	-0.8%

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

$306,892

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE BENETTI	CHAIR	5.00	Officer Director	$0	$0	$0
ROBERT WESTERMAN	VICE CHAIR	5.00	Officer Director	$0	$0	$0
ALI MAGEEHON	TREASURER/SECRETARY	4.00	Officer Director	$0	$0	$0
CHRIS GUASTAFERRO	DIRECTOR	2.00	Director	$0	$0	$0
JASON TRAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
MIKE HICKS	DIRECTOR	2.00	Director	$0	$0	$0
DR JASON GRAY	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL PROKRANDT	DIRECTOR	2.00	Director	$0	$0	$0
DEBBIE SARGENT	DIRECTOR	2.00	Director	$0	$0	$0
ANDY OWENS	DIRECTOR	2.00	Director	$0	$0	$0
AMY KINCAID	DIRECTOR	2.00	Director	$0	$0	$0
BEN MESSNER	DIRECTOR	2.00	Director	$0	$0	$0
LAURA MCKEANE	DIRECTOR	2.00	Director	$0	$0	$0
MARIE SIMONDS	DIRECTOR	2.00	Director	$0	$0	$0
RHONDA JOY AMER	DIRECTOR	2.00	Director	$0	$0	$0
ANNA MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
DAVE SANDERS	DIRECTOR	2.00	Director	$0	$0	$0
KYLE STEVENS	EXECUTIVE DIRECTOR	40.00	Officer	$171,586	$23,139	$194,725
YOLANDA BRUMFIELD	FINANCE DIRECTOR	40.00	Officer	$105,417	$6,750	$112,167
TINA CARPENTER	DATA & PROJECTS DIRECTOR	40.00	Highest	$114,357	$19,705	$134,062
JENNIFER SPATZ	OPERATIONS DIRECTOR	40.00	Highest	$107,885	$15,486	$123,371
SARA STEPHENS	SCREL HUB DIRECTOR	40.00	Highest	$105,673	$15,353	$121,026

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	$8,111,643	$7,977,899	$3,632,163	$133,744
2023	$8,983,720	$8,445,525	$2,869,119	$538,195
2022	$4,480,546	$5,641,276	$3,191,097	$-1,160,730
2021	$6,336,613	$4,284,547	$2,648,610	$2,052,066
2020	$2,467,833	$2,471,550	$736,966	$-3,717
2019	$2,695,748	$2,631,168	$539,604	$64,580

SOUTHWESTERN OREGON WORKFORCE INVESTMENT BOARD