UPPER SHORE WORKFORCE INVESTMENT B… - 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

1984

Legal Domicile

Principal Officer

ELLEN LAFRANKIE

Phone

4108275816

Tax Period

2024-07-01 to 2025-06-30

UPPER SHORE WORKFORCE INVESTMENT BOARD INC, founded in 1984, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

OUR MISSION IS TO PREPARE PEOPLE FOR TRAINING AND PREPARE PEOPLE FOR WORK. WE ARE COMMITTED TO ASSISTING EMPLOYERS WITH OCCUPATIONAL TRAINING THAT ADDRESSES JOBS IN DEMAND.

Program Service Accomplishments

Program 1

Expenses: $1,724,361

THE UPPER SHORE WORKFORCE INVESTMENT BOARD PROVIDES CAREER AND TRAINING SERVICES TO ECONOMICALLY DISADVANTAGED ADULTS, DISLOCATED WORKERS AND ECONOMICALLY DISADVANTAGED YOUTH PARTICIPANTS. THE UPPER SHORE WORKFORCE INVESTMENT BOARD MET OR EXCEEDED ALL UNITED STATES DEPARTMENT OF LABOR PERFORMANCE STANDARDS RELATED TO THE PERCENTAGE OF PARTICIPANTS WHO GOT A JOB, KEPT A JOB, EARNED A CREDENTIAL AND EARNED A PAYCHECK.THE UPPER SHORE WORKFORCE INVESTMENT BOARD CONTINUED THE IMPLEMENTATION OF THE WORKFORCE INNOVATION AND OPPORTUNITY ACT IN THE MARYLAND COUNTIES - CAROLINE, DORCHESTER, KENT, QUEEN ANNE'S AND TALBOT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,929,350

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,929,350

Expense Breakdown

Grants Paid $687,641

Salaries & Benefits $865,070

Fundraising Expenses $0

Program Expenses $1,724,361

Other Expenses $378,232

TOTAL EXPENSES $1,930,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,929,350	$2,344,304	-0.2%
Expenses	$1,930,943	$2,345,897	-0.2%
Net Income	$-1,593	$-1,593	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

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

$155,749

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE WEEKS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
JENA PAQUIN	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINA SCHINDLER	DIRECTOR	1.00	Director	$0	$0	$0
CLIFFORD COPPERSMITH	DIRECTOR	1.00	Director	$0	$0	$0
MARY ELLEN CARTER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES CUTTER	DIRECTOR	1.00	Director	$0	$0	$0
ERIC KUSTER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WARNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
LIZA GOETZ	DIRECTOR	1.00	Director	$0	$0	$0
ADAM TOLLEY	DIRECTOR	1.00	Director	$0	$0	$0
JENIFER DUBOSQ	DIRECTOR	1.00	Director	$0	$0	$0
DAN LESSARD	TREASURER	1.00	Officer Director	$0	$0	$0
BEVERLY CHURCHILL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM CHRISTOPHER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DR JAMES BELL	DIRECTOR	1.00	Director	$0	$0	$0
TERENDA THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW TEFFEAU	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN LAFRANKIE	EXECUTIVE DIRECTOR	40.00	Officer	$76,755	$20,854	$97,609
DANIEL SCHNECKENBURGER	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$57,140	$1,000	$58,140

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	$1,929,350	$1,930,943	$289,447	$-1,593
2024	$2,344,304	$2,345,897	$498,190	$-1,593
2023	$2,658,539	$2,688,748	$613,113	$-30,209
2022	$2,157,636	$2,171,193	$1,379,162	$-13,557
2021	$1,274,710	$1,320,432	$432,022	$-45,722
2020	$1,496,291	$1,399,636	$207,141	$96,655
2019	$1,565,792	$1,565,792	$366,720	No data

UPPER SHORE WORKFORCE INVESTMENT BOARD INC