REGION III WORKFORCE INVESTMENT BOARD OF KANAWHA COUNTY

EIN: 550775565 501(c)(3) Employment

CHARLESTON, WV

Total Revenue
$1,242,987
Total Expenses
$1,264,818
Total Assets
$405,459
Net Assets
$38,333
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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
WV
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

Program Service Accomplishments

Program 1
Expenses: $956,634

FUNDS RECEIVED UNDER THE WORKFORCE INNOVATION AND OPPORTUNITY ACT WHICH ARE UTILITZED TO TRAIN UNEMPLOYED WORKERS IN CERTAIN JOB SKILLS, AS REQUESTED TO FUND IMMEDIATE EMPLOYMENT, IF AVAILABLE.

Program 2
Expenses: $102,743

FUNDS PROVIDED FROM THE DHHR TO PROVIDE LIMITED EMPLOYMENT AND TRAINING FOR FOOD STAMP ELIGIBLE INDIVIDUALS WHO ARE CLASSIFIED AS ABLE BODIED ADULTS WITHOUT DEPENDENTS.

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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%)

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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

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Governance

Voting Members
23
Independent Members
23
Employees
10
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
6
$147,408
Total Directors
25
$147,408
Key Employees
0
$0
Highest Compensated
0
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
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