NATIONAL ASSOCIATION OF WORKFORCE … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

BRADFORD TURNER-LITTLE

Phone

2028577900

Tax Period

2023-10-01 to 2024-09-30

NATIONAL ASSOCIATION OF WORKFORCE BOARDS, founded in 1979, is a community nonprofit in the Community Improvement sector that reported $3.4M in total revenue in fiscal year 2023. Expenses of $4.0M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO EFFECTIVELY ADVOCATE AND CONTINUOUSLY ADVANCE AMERICA'S WORKFORCE SYSTEM BY ENSURING WORKFORCE BOARDS HAVE THE EXPERTISE AND CAPACITY TO MEET THE NEEDS OF BUSINESS, JOB SEEKERS, AND COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,184,698 Revenue: $1,283,184

THE FORUM: THE ANNUAL FORUM IS NAWB'S PREMIER EVENT WHERE WORKFORCE DEVELOPMENT PROFESSIONALS AND LEADERS IN BUSINESS, GOVERNMENT, LABOR, AND EDUCATION GATHER TO GAIN INSIGHT INTO THE CURRENT STATE OF OUR NATION'S WORKFORCE SYSTEM AND CONSIDER THE GOALS AND POLICY FRAMEWORK AFFECTING THE FUTURE OF HUMAN CAPITAL DEVELOPMENT. THE ANNUAL FORUM IS HELD IN WASHINGTON, D.C. EACH YEAR OVER FOUR DAYS FOR A NATIONAL CONVERSATION AROUND THE SHARED RESPONSIBILITY TO ADDRESS THE NEEDS OF REGIONAL ECONOMIES BY STRENGTHENING THE ABILITY OF AMERICAN BUSINESSES AND CAREER SEEKERS TO COMPETE IN A GLOBAL ECONOMY. IN 2024, THE ANNUAL FORUM WELCOMED APPROXIMATELY 1,480 ATTENDEES AND CONTRIBUTORS, INCLUDING PRIVATE SECTOR BOARD MEMBERS, NONPROFIT AND GOVERNMENT BOARD MEMBERS, STATE AND LOCAL WORKFORCE DEVELOPMENT BOARD (WDB) DIRECTORS AND STAFF, AND ADDITIONAL ATTENDEES JOINING FROM EDUCATION, ECONOMIC DEVELOPMENT, STATE AND FEDERAL GOVERNMENT, AND OTHER COMMUNITY-BASED ORGANIZATIONS.

Program 2

Expenses: $1,119,605 Revenue: $496,900

WORKFORCE PROGRAMS: NAWB PROVIDES ITS EXPERTISE ON NATIONAL WORKFORCE DEVELOPMENT PROJECTS AND PROGRAMS FUNDED BY PARTNERS IN GOVERNMENT, BUSINESS AND INDUSTRY, AND FOUNDATIONS. THESE PROGRAMS ALLOW NAWB TO ADVANCE THE WORK OF THE PUBLIC WORKFORCE SYSTEM AND BROADEN THE IMPACT, TO INCREASE THE EFFECTIVENESS OF WORKFORCE PROGRAMS, AND TO IMPROVE THE EFFICIENCY OF WORKFORCE DEVELOPMENT EFFORTS ACROSS THE NATION. KEY PROJECTS AND INITIATIVES INCLUDE: ENCOURAGING TWO-GEN WORKFORCE STRATEGIES, H1B AMERICA'S PROMISE, ADVANCING APPRENTICESHIPS, INDUSTRY PARTNERSHIPS, AND INCREASING LOCAL WORKFORCE BOARDS INVOLVEMENT IN SKILLS-BASED HIRING INITIATIVES.

Program 3

Expenses: $251,396 Revenue: $529,057

MEMBER SERVICES: NAWB TAKES GREAT PRIDE IN CULTIVATING PERSONAL PROJECTS AND RELATIONSHIPS WITH ALL OF THEIR MEMBERS, WHILE WORKING CLOSELY WITH THEIR STRATEGIC PARTNERS TO PROVIDE THE TOOLS AND...

MEMBER SERVICES: NAWB TAKES GREAT PRIDE IN CULTIVATING PERSONAL PROJECTS AND RELATIONSHIPS WITH ALL OF THEIR MEMBERS, WHILE WORKING CLOSELY WITH THEIR STRATEGIC PARTNERS TO PROVIDE THE TOOLS AND RESOURCES THE MEMBERS NEED TO BE SUCCESSFUL. THESE TOOLS, RESOURCES, AND COMMUNICATIONS INCLUDE WEEKLY ELECTRONIC NEWSLETTERS, PROFESSIONAL DEVELOPMENT OPPORTUNITIES, PEER-TO-PEER LEARNING PLATFORMS, JOB PLATFORMS, ONLINE TOOLKITS AND PUBLICATIONS, AND COMPLIMENTARY REGULAR WEBINARS ON TOPICS OF INTEREST TO WDBS.

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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 $681,423

Program Service Revenue $2,668,223

Investment Income $6,197

Other Revenue $6,306

TOTAL REVENUE $3,362,149

Expense Breakdown

Grants Paid $3,500

Salaries & Benefits $1,312,620

Fundraising Expenses $128,829

Program Expenses $2,762,661

Other Expenses $2,683,369

TOTAL EXPENSES $3,999,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,362,149	$3,304,814	+0.0%
Expenses	$3,999,489	$3,353,858	+0.2%
Net Income	$-637,340	$-49,044	+12.0%

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

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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

$205,431

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISANNE MCNEW	CHAIR	2.00	Officer Director	$0	$0	$0
KATHY JEWETT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MELANIE FLOWERS	SECRETARY	2.00	Officer Director	$0	$0	$0
AL SEARLES	TREASURER	2.00	Officer Director	$0	$0	$0
LEWIS BROWN	DIRECTOR	2.00	Director	$0	$0	$0
BETH CICCHETTI	DIRECTOR (THRU MARCH 2024)	2.00	Director	$0	$0	$0
JAIME CRUZ	DIRECTOR	2.00	Director	$0	$0	$0
KAROLYN ELLINGSON	DIRECTOR	2.00	Director	$0	$0	$0
ANTWANYE FORD	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY FREDERICK	DIRECTOR	2.00	Director	$0	$0	$0
DEBRA GIORDANO	DIRECTOR	2.00	Director	$0	$0	$0
JON GUSTAFSON	DIRECTOR	2.00	Director	$0	$0	$0
MARK GUTHRIE	DIRECTOR	2.00	Director	$0	$0	$0
KYLA GUTIERREZ GUYETTE	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
RYAN HUNDT	DIRECTOR	2.00	Director	$0	$0	$0
LEE LAMBERT	DIRECTOR	2.00	Director	$0	$0	$0
CHARLOTTE CHARLIE MAHONEY	DIRECTOR	2.00	Director	$0	$0	$0
RANDY MILLER	DIRECTOR	2.00	Director	$0	$0	$0
SPENCER MURRAY	DIRECTOR	2.00	Director	$0	$0	$0
LISA SCHUMACHER	DIRECTOR	2.00	Director	$0	$0	$0
WALTER SIMMONS	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER WILSON	DIRECTOR	2.00	Director	$0	$0	$0
MELANIE ANDERSON	EXECUTIVE VP (THRU OCT 2023)	40.00	Officer	$119,202	$15,568	$134,770
BRADFORD TURNER-LITTLE	PRESIDENT AND CEO (AS OF SEP 2023)	40.00	Officer	$70,000	$661	$70,661
ERICA GREELEY	EXECUTIVE VP (AS OF JAN 2024)	2.00	Officer	$0	$0	$0
RONALD PAINTER	FORMER PRESIDENT&CEO(THRU JUNE 2023)	40.00		$102,718	$22,919	$125,637

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	$3,362,149	$3,999,489	$1,893,469	$-637,340
2023	$3,304,814	$3,353,858	$1,837,395	$-49,044
2022	$3,061,741	$2,993,061	$1,107,324	$68,680
2022	$423,280	$477,208	$618,504	$-53,928
2021	$2,271,076	$2,554,381	$1,191,202	$-283,305
2020	$1,760,971	$1,707,150	$1,275,214	$53,821
2019	$2,259,565	$2,279,974	$683,545	$-20,409
2018	$2,197,210	$2,479,119	$721,925	$-281,909

NATIONAL ASSOCIATION OF WORKFORCE BOARDS