REGION VI WORKFORCE INVESTMENT BOARD INC

EIN: 550776835 501(c)(3) Community Improvement

WHITE HALL, WV

Total Revenue
$3,270,443
Total Expenses
$3,270,297
Total Assets
$536,763
Net Assets
$151,966
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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
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

PROVIDE THE FRAMEWORK FOR WORKFORCE PREPARATION AND EMPLOYMENT SYSTEM.

Program Service Accomplishments

Program 1
Expenses: $2,844,213 Revenue: $3,270,298

PROVIDED OPPORTUNITIES TO INDIVIDUALS TO INCREASE EMPLOYMENT, RETENTION, AND EARNINGS AND INCREASE OCCUPATIONAL SKILL ATTAINMENT TO IMPROVE THE QUALITY OF THE WORKFORCE.

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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 $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

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Governance

Voting Members
22
Independent Members
22
Employees
7
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
4
$86,814
Total Directors
23
$86,814
Key Employees
0
$0
Highest Compensated
0
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
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