REGION III WORKFORCE INVESTMENT BOARD OF KANAWHA COUNTY (EIN 550775565) - 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

2000

Legal Domicile

Principal Officer

MICHELE PAINTER

Phone

3043445760

Tax Period

2024-07-01 to 2025-06-30

REGION III WORKFORCE INVESTMENT BOARD OF KANAWHA COUNTY, founded in 2000, is a community nonprofit in the Employment sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

ADMINISTER WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) FUNDS IN KANAWHA COUNTY, WEST VIRGINIA

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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 $1,240,270

Program Service Revenue $0

Investment Income $0

Other Revenue $2,717

TOTAL REVENUE $1,242,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $509,723

Fundraising Expenses $0

Program Expenses $1,059,377

Other Expenses $755,095

TOTAL EXPENSES $1,264,818

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,242,987	$1,592,188	-0.2%
Expenses	$1,264,818	$1,588,109	-0.2%
Net Income	$-21,831	$4,079	-6.4%

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

$147,408

Total Directors

$147,408

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON ALEXANDER	BOARD CHAIR	0.00	Officer Director	$0	$0	$0
LEE ROBERTS	BOARD MEMBER	0.00	Director	$0	$0	$0
CHRIS SETTLES	BOARD MEMBER	0.00	Director	$0	$0	$0
CAROL HOWERTON	BOARD MEMBER	0.00	Director	$0	$0	$0
TRAVIS TARR	BOARD MEMBER	0.00	Director	$0	$0	$0
STEVE COLLINS	BOARD MEMBER	0.00	Director	$0	$0	$0
JANET DRUMHELLER	BOARD MEMBER	0.00	Director	$0	$0	$0
CYNTHIA PHILLIPS	BOARD MEMBER	0.00	Director	$0	$0	$0
VICTORIA RUSSO	BOARD MEMBER	0.00	Director	$0	$0	$0
DUSTIN VAUGHN	BOARD MEMBER	0.00	Director	$0	$0	$0
SHANE WILSON	BOARD MEMBER	0.00	Director	$0	$0	$0
ELLEN MAXWELL HOFFMAN	BOARD VICE CHAIR	0.00	Officer Director	$0	$0	$0
CHANDRA PERRY	BOARD MEMBER	0.00	Director	$0	$0	$0
TIM MORRIS	TREASURER	0.00	Officer Director	$0	$0	$0
SEAN HILL	BOARD MEMBER	0.00	Director	$0	$0	$0
MICHELE PAINTER	FISCAL DIRECTOR	40.00	Officer Director	$64,200	$6,208	$70,408
LANCE WHEELER	BOARD MEMBER	0.00	Director	$0	$0	$0
MICHAEL CROWN	SECRETARY	0.00	Officer Director	$0	$0	$0
ROGER SOCKMAN	BOARD MEMBER	0.00	Director	$0	$0	$0
GREG OSBOURNE	BOARD MEMBER	0.00	Director	$0	$0	$0
JOEL KUHN	BOARD MEMBER	0.00	Director	$0	$0	$0
FRED CHANDLER	BOARD MEMBER	0.00	Director	$0	$0	$0
KRISTI SARRETT	BOARD MEMBER	0.00	Director	$0	$0	$0
CHRIS MORRIS	BOARD MEMBER	0.00	Director	$0	$0	$0
ANDY RICHARDSON	EXECUTIVE DIRECTOR	40.00	Officer Director	$77,000	$0	$77,000

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	$1,242,987	$1,264,818	$405,459	$-21,831
2023	$3,331,475	$3,350,822	$650,691	$-19,347
2023	No data	No data	No data	No data
2022	$2,677,906	$3,060,482	$88,411	$-382,576
2021	$1,464,996	$1,464,995	$158,067	$1
2020	$1,443,896	$1,443,896	$67,842	No data
2019	$1,020,582	$1,020,582	$105,875	No data
2018	$1,105,929	$1,105,929	$143,483	No data

REGION III WORKFORCE INVESTMENT BOARD OF KANAWHA COUNTY