REGION VI WORKFORCE INVESTMENT BOARD INC (EIN 550776835) - 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

MARIA LARRY

Phone

3043689530

Tax Period

2024-07-01 to 2025-06-30

REGION VI WORKFORCE INVESTMENT BOARD INC, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $3.3M in total revenue in fiscal year 2024.

Mission

FRAMEWORK FOR LOCAL WORKFORCE PREPARATION.

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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 $3,270,297

Program Service Revenue $0

Investment Income $146

Other Revenue $0

TOTAL REVENUE $3,270,443

Expense Breakdown

Grants Paid $853,463

Salaries & Benefits $510,269

Fundraising Expenses $0

Program Expenses $2,844,213

Other Expenses $1,906,565

TOTAL EXPENSES $3,270,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,270,443	$3,407,072	0.0%
Expenses	$3,270,297	$3,405,851	0.0%
Net Income	$146	$1,221	-0.9%

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

$86,814

Total Directors

$86,814

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA LARRY	EXECUTIVE DIRECTOR	40.00	Officer Director	$86,814	$0	$86,814
JOSEPH SECOND	BOARD CHAIR	0.20	Officer Director	$0	$0	$0
STACY DOWNEY	VICE CHAIR	0.20	Officer Director	$0	$0	$0
ANNE MEZZANOTTE	SECRETARY	0.20	Officer Director	$0	$0	$0
SENECA RAINES	BOARD MEMBER	0.20	Director	$0	$0	$0
MICHAEL BOMBARD	BOARD MEMBER	0.20	Director	$0	$0	$0
MICHAEL RUFFING	BOARD MEMBER	0.20	Director	$0	$0	$0
MICHAEL CALLEN	BOARD MEMBER	0.20	Director	$0	$0	$0
ANNETTA JOHNSON	BOARD MEMBER	0.20	Director	$0	$0	$0
BRIAN GREYNOLDS	BOARD MEMBER	0.20	Director	$0	$0	$0
DIANE HELDRETH	BOARD MEMBER	0.20	Director	$0	$0	$0
BRANDON TENNEY	BOARD MEMBER	0.20	Director	$0	$0	$0
JASON FRIDLEY	BOARD MEMBER	0.20	Director	$0	$0	$0
TERRI VILAIN	BOARD MEMBER	0.20	Director	$0	$0	$0
KATHERINE WAGNER	BOARD MEMBER	0.20	Director	$0	$0	$0
ROBERT MOLLOHAN	BOARD MEMBER	0.20	Director	$0	$0	$0
MICHAEL WAIDE	BOARD MEMBER	0.20	Director	$0	$0	$0
RICK ROCK	BOARD MEMBER	0.20	Director	$0	$0	$0
JASON ROBERTS	BOARD MEMBER	0.20	Director	$0	$0	$0
STEPHANIE WESTFALL	BOARD MEMBER	0.20	Director	$0	$0	$0
TONY VELTRI	BOARD MEMBER	0.20	Director	$0	$0	$0
JOSHUA CARR	BOARD MEMBER	0.20	Director	$0	$0	$0
JOHN DANIELS	BOARD MEMBER	0.20	Director	$0	$0	$0

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	$3,270,443	$3,270,297	$536,763	$146
2024	$3,407,072	$3,405,851	$640,651	$1,221
2023	$4,366,592	$4,366,629	$477,148	$-37
2022	$3,320,857	$3,324,848	$625,189	$-3,991
2021	$2,563,884	$2,563,803	$480,020	$81
2020	$2,419,551	$2,419,463	$520,733	$88
2019	$2,339,152	$2,342,842	$383,093	$-3,690
2018	$1,843,416	$1,843,554	$502,472	$-138

REGION VI WORKFORCE INVESTMENT BOARD INC