WORKFORCE DEVELOPMENT BOARD WORK4W… - 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

2000

Legal Domicile

Principal Officer

BARBARA DAWES

Phone

3042533611

Tax Period

2024-07-01 to 2025-06-30

WORKFORCE DEVELOPMENT BOARD WORK4WV REGION 1 INC, founded in 2000, is a community nonprofit in the Employment sector that reported $2.9M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE JOB TRAINING PROGRAMS & SERVICES TO UNEMPLOYED, UNDEREMPLOYED OR LAID OFF ADULTS, YOUTH AND DISLOCATED RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $2,704,640

FUNDS RECEIVED UNDER THE WORKFORCE INNOVATION AND OPPORTUNITY ACT TO PROVIDE OPPORTUNITIES TO ECONOMICALLY DISADVANTAGED INDIVIDUALS TO OBTAIN GAINFUL EMPLOYMENT IN SPECIFIC FIELDS OF WORK.

Program 2

Expenses: $57,248

FUNDS PROVIDED FROM DHHR TO PROVIDE LIMITED EMPLOYMENT AND TRAINING FOR FOOD STAMPS ELIGIBLE INDIVIDULAS 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,901,873

Program Service Revenue $0

Investment Income $2,484

Other Revenue $676

TOTAL REVENUE $2,905,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,069,111

Fundraising Expenses $0

Program Expenses $2,761,888

Other Expenses $1,842,955

TOTAL EXPENSES $2,912,066

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,905,033	$4,120,926	-0.3%
Expenses	$2,912,066	$4,323,533	-0.3%
Net Income	$-7,033	$-202,607	-1.0%

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

$152,562

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN NEAL	BOARD MEMBER	0.25	Director	$0	$0	$0
RON MARTIN	BOARD MEMBER	0.25	Director	$0	$0	$0
JOHN BRENEMEN	VICE CHIEF	0.25	Officer Director	$0	$0	$0
BILL ARCHER	CHIEF LEO	1.00	Officer Director	$0	$0	$0
KEVIN GALFORD	BOARD MEMBER	0.25	Director	$0	$0	$0
GARY ROBERTS	BOARD MEMBER	0.25	Director	$0	$0	$0
JOHN REBINSKI	BOARD MEMBER	0.25	Director	$0	$0	$0
LINDA EPLING	BOARD MEMBER	0.25	Director	$0	$0	$0
CHARLES SAUNDERS	BOARD MEMBER	0.25	Director	$0	$0	$0
ROBERT CHERICALO	BOARD MEMBER	0.25	Director	$0	$0	$0
JASON MULLINS	BOARD MEMBER	0.25	Director	$0	$0	$0
TAMMY TINCHER	BOARD MEMBER	0.25	Director	$0	$0	$0
ELIZABETH SHOEMAKER	FISCAL OFFICER	40.00	Officer	$52,573	$10,190	$62,763
BARBARA DAWES	EXECUTIVE DIRECTOR	40.00	Officer	$84,639	$5,160	$89,799

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	$2,905,033	$2,912,066	$982,201	$-7,033
2024	No data	No data	No data	No data
2023	$4,211,144	$4,213,642	$1,418,055	$-2,498
2022	$3,971,723	$3,976,353	$830,409	$-4,630
2021	$3,742,575	$3,946,481	$991,264	$-203,906
2020	$3,453,941	$3,446,487	$821,094	$7,454
2019	$3,039,914	$3,040,474	$823,310	$-560

WORKFORCE DEVELOPMENT BOARD WORK4WV REGION 1 INC