EASTERN CAROLINA WORKFORCE DEVELOPMENT BOARD INC

EIN: 561762333 501(c)(3)

NEW BERN, NC

Total Revenue
$3,929,739
Total Expenses
$3,936,207
Total Assets
$468,956
Net Assets
$12,434
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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NC
Principal Officer
WILLIAM GREEN
Phone
2526366901
Tax Period
2024-07-01 to 2025-06-30

EASTERN CAROLINA WORKFORCE DEVELOPMENT BOARD INC, founded in 1991, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024.

Mission

OUR MISSION IS TO ENSURE THAT OUR WORKFORCE DEVELOPMENT SYSTEM IS CUSTOMER FOCUSED, DEMAND-DRIVEN, AND ACCOUNTABLE FOR PREPARING OUR CURRENT AND FUTURE WORKFORCE TO MEET THE CHANGING NEEDS OF A HIGHLY-COMPETITIVE GLOBAL ECONOMY.

Program Service Accomplishments

Program 1
Expenses: $1,573,041

THE WIOA ADULT PROGRAM SERVED 292 PARTICIPANTS. THE WIOA PROGRAM HAS FOUR PERFORMANCE MEASURES ESTABLISHED BY THE US DEPARTMENT OF LABOR TO DETERMINE THE OVERALL PROGRAM EFFECTIVENESS AND ECWDB MET...

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THE WIOA ADULT PROGRAM SERVED 292 PARTICIPANTS. THE WIOA PROGRAM HAS FOUR PERFORMANCE MEASURES ESTABLISHED BY THE US DEPARTMENT OF LABOR TO DETERMINE THE OVERALL PROGRAM EFFECTIVENESS AND ECWDB MET ALL PERFORMANCE STANDARDS. THE PURPOSE OF THE ADULT PROGRAM IS TO INCREASE THE EMPLOYMENT RETENTION, EARNINGS AND OCCUPATIONAL SKILLS OF PARTICIPANTS. THE PROGRAM AIMS TO IMPROVE THE QUALITY OF THE WORKFORCE, REDUCE WELFARE DEPENDENCY AND ENHANCE THE PRODUCTIVITY AND COMPETITIVENESS OF THE NATION'S ECONOMY. THE PROGRAM PROVIDES A RANGE OF SELF-SERVICE AND STAFF ASSISTED SERVICES FOR ADULTS SEEKING TRAINING AND EMPLOYMENT. SERVICES CAN RANGE FROM SKILL ASSESSMENT, LABOR MARKET INFORMATION, CONSUMER REPORTS ON TRAINING PROGRAMS AND JOB SEARCH AND PLACEMENT ASSISTANCE, TO MORE INTENSIVE SERVICES FOR ADULTS EXPERIENCING MORE DIFFICULTY IN OBTAINING JOBS. THE GOAL OF THE PROGRAM IS TO INCREASE EMPLOYMENT AND EMPLOYMENT RETENTION FOR PARTICIPANTS AND TO PROVIDE EMPLOYERS WITH A SKILLED WORKFORCE AND QUALIFIED JOB APPLICANTS.

Program 2
Expenses: $1,280,052

THE WIOA YOUTH PROGRAM SERVED 239 PARTICIPANTS THROUGHOUT THE NINE COUNTY REGION. THE US DEPARTMENT OF LABOR ESTABLISHED FOUR PERFORMANCE STANDARDS TO DETERMINE OVERALL PROGRAM EFFECTIVENESS AND...

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THE WIOA YOUTH PROGRAM SERVED 239 PARTICIPANTS THROUGHOUT THE NINE COUNTY REGION. THE US DEPARTMENT OF LABOR ESTABLISHED FOUR PERFORMANCE STANDARDS TO DETERMINE OVERALL PROGRAM EFFECTIVENESS AND ECWDB MET ALL STANDARDS. THE YOUTH PROGRAM TARGETS YOUNG PEOPLE WHO ARE AGES 14 THROUGH 24, ARE LOW INCOME, AND MAY NEED HELP TO COMPLETE AN EDUCATIONAL PROGRAM OR FIND AND HOLD EMPLOYMENT. YOUTH PROGRAMS PROVIDE A WIDE VARIETY OF SERVICES THAT HELP LOW-INCOME YOUNG PEOPLE SUCCEED IN SCHOOL AND WORK. PROGRAM PARTICIPANTS MAY RECEIVE SERVICES SUCH AS OCCUPATIONAL SKILLS TRAINING, COUNSELING, INTERSHIPS, WORK EXPERIENCE AND JOB PLACEMENTS, MENTORING, TUTORING, LEADERSHIP DEVELOPMENT AND SUPPORTIVE SERVICES. STRATEGIES ARE DEVELOPED FOR EACH PERSON BASED ON RESULTS IN ASSESSMENTS OF ACADEMICS, SKILL LEVELS AND SUPPORT SERVICE NEEDS. STRATEGIES MAY INCLUDE SUMMER EMPLOYMENT, STUDY SKILLS TRAINING, OR INSTRUCTION IN OBTAINING A GED OR EQUIVALENT. THE PROGRAM GOAL IS TO ENHANCE YOUTH EDUCATION, ENCOURAGE SCHOOL COMPLETION THROUGH ALTERNATIVE EDUCATIONAL PROGRAMS AND PROVIDE EXPOSURE TO THE WORLD OF WORK THROUGH APPRENTICESHIPS AND CAREER EXPLORATION.

Program 3
Expenses: $219,341

THE WIOA DISLOCATED WORKER PROGRAM SERVED 49 PARTICIPANTS THROUGHOUT THE NINE COUNTY REGION. THIS PROGRAM HAS FOUR PERFORMANCE MEASURES ESTABLISHED BY THE US DEPARTMENT OF LABOR TO DETERMINE THE...

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THE WIOA DISLOCATED WORKER PROGRAM SERVED 49 PARTICIPANTS THROUGHOUT THE NINE COUNTY REGION. THIS PROGRAM HAS FOUR PERFORMANCE MEASURES ESTABLISHED BY THE US DEPARTMENT OF LABOR TO DETERMINE THE OVERALL PROGRAM EFFECTIVENESS, AND ECWDB, INC. MET ALL STANDARDS. THIS PROGRAM IS INTENDED TO HELP WORKERS WHO LOST JOBS DUE TO PLANT CLOSURES, COMPANY DOWNSIZING, OR SOME OTHER SIGNIFICANT CHANGE IN MARKET CONDITIONS. IN MOST CASES IT IS UNLIKELY THESE WORKERS WILL RETURN TO THEIR PREVIOUS EMPLOYMENT. THE PROGRAM TAILORS EMPLOYMENT AND TRAINING SERVICES; WORKS WITH WORKERS AND FIRMS FACING SUBSTANTIAL LAYOFFS; AND ENCOURAGES LABOR, MANAGEMENT AND COMMUNITY PARTNERSHIPS WITH GOVERNMENT TO ADDRESS NEEDS. DISLOCATED WORKERS ARE ELIGIBLE FOR SERVICES SUCH AS SKILL ASSESSMENT, LABOR MARKET INFORMATION, JOB SEARCH AND JOB PLACEMENT ASSISTANCE. THE SEQUENCE OF SERVICES IS INDIVIDUALIZED AND MAY INCLUDE MORE INTENSIVE ASSESSMENTS, COUNSELING, PREVOCATIONAL AND VOCATIONAL TRAINING.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,919,054
Program Service Revenue $0
Investment Income $4,275
Other Revenue $6,410
TOTAL REVENUE $3,929,739

Expense Breakdown

Grants Paid $0
Salaries & Benefits $850,986
Fundraising Expenses $0
Program Expenses $3,621,922
Other Expenses $3,085,221
TOTAL EXPENSES $3,936,207

Year-over-Year Comparison

2024 2023 Change
Revenue $3,929,739 $4,057,535 0.0%
Expenses $3,936,207 $4,039,941 0.0%
Net Income $-6,468 $17,594 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
28
Independent Members
28
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
1
$93,351
Total Directors
30
$163,785
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL KRASZESKI DIRECTOR 1.00
Director
$0 $0 $0
JESSICA ADAMS DIRECTOR 1.00
Director
$0 $0 $0
SHEILA GLAZEWSKI DIRECTOR 1.00
Director
$0 $0 $0
LESLEY H HUNTER DIRECTOR 1.00
Director
$0 $0 $0
JASON TRULL SECRETARY TREASURER 1.00
Director
$0 $0 $0
ANTHONY CRUZ DIRECTOR 1.00
Director
$0 $0 $0
JAY CARRAWAY DIRECTOR 1.00
Director
$0 $0 $0
AL SEARLES CHAIRMAN 1.00
Director
$0 $0 $0
BRENDA UPCHURCH DIRECTOR 1.00
Director
$0 $0 $0
CHAD MEADOWS DIRECTOR 1.00
Director
$0 $0 $0
RICK DAVIS DIRECTOR 1.00
Director
$0 $0 $0
JUDY DARDEN DIRECTOR 1.00
Director
$0 $0 $0
ANGELA BATES DIRECTOR 1.00
Director
$0 $0 $0
DAVID HILL DIRECTOR 1.00
Director
$0 $0 $0
DR NORMA SERMON-BOYD DIRECTOR 1.00
Director
$0 $0 $0
FRANK EMORY CHAIRMAN 1.00
Director
$0 $0 $0
JENNA STAFIRA DIRECTOR 1.00
Director
$0 $0 $0
DR RUSTY HUNT DIRECTOR 1.00
Director
$0 $0 $0
TREY CASH DIRECTOR 1.00
Director
$0 $0 $0
VERONICA PEREZ VICE CHAIR 1.00
Director
$0 $0 $0
CRYSTAL SHARPLESS DIRECTOR 1.00
Director
$0 $0 $0
WES WATSON DIRECTOR 1.00
Director
$0 $0 $0
JEREMY JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
CARLA BYRNES DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY POOLE RIGGS DIRECTOR 1.00
Director
$0 $0 $0
AMY HARTLEY DIRECTOR 1.00
Director
$0 $0 $0
CHARLES BROGDEN DIRECTOR 1.00
Director
$0 $0 $0
MELANIE SANDERS DIRECTOR 1.00
Director
$0 $0 $0
PHILLIP PRESCOTT ASST DIRECTOR 40.00
Director
$70,434 $0 $70,434
BILL GREEN EXEC DIRECTOR 40.00
Officer Director
$93,351 $0 $93,351
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 $3,929,739 $3,936,207 $468,956 $-6,468
2024 $4,057,535 $4,039,941 $449,842 $17,594
2023 $3,877,090 $3,885,211 $457,019 $-8,121
2022 $3,342,350 $3,355,634 $421,680 $-13,284
2021 $3,368,126 $3,370,846 $405,780 $-2,720
2020 $4,223,293 $4,219,529 $560,952 $3,764
2019 $4,192,411 $4,198,665 $556,149 $-6,254
2018 $3,719,075 $3,726,441 $617,164 $-7,366
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