BREVARD WORKFORCE DEVELOPMENT BOARD INC (EIN 593031785) - 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

1990

Legal Domicile

Principal Officer

MARCI MURPHY

Phone

3213940790

Tax Period

2024-07-01 to 2025-06-30

BREVARD WORKFORCE DEVELOPMENT BOARD INC, founded in 1990, is a mid-sized nonprofit in the Employment sector that reported $16.5M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

CSBFV SHALL FACILITATE AND BE THE CATALYST FOR WORKFORCE DEVELOPMENT ACTIVITIES THAT ARE RESPONSIVE TO THE EMPLOYMENT AND TRAINING NEEDS OF BUSINESSES AND JOB SEEKERS.

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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 $16,470,537

Program Service Revenue $13,013

Investment Income $23,665

Other Revenue $440

TOTAL REVENUE $16,507,655

Expense Breakdown

Grants Paid $8,785,543

Salaries & Benefits $3,596,866

Fundraising Expenses $0

Program Expenses $15,200,426

Other Expenses $4,135,258

TOTAL EXPENSES $16,517,667

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,507,655	$13,495,742	+0.2%
Expenses	$16,517,667	$12,959,509	+0.3%
Net Income	$-10,012	$536,233	-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

$449,505

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMAR PATEL	DIRECTOR	1.00	Director	$0	$0	$0
ART HOELKE	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN BROWNE	TREASURER	1.00	Officer Director	$0	$0	$0
LLOYD GREGG	CHAIR	1.00	Officer Director	$0	$0	$0
LYNDA WEATHERMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARY JANE BRECKLIN	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE OLSON	DIRECTOR	1.00	Director	$0	$0	$0
NUNO MANA	DIRECTOR	1.00	Director	$0	$0	$0
CORDELL ROLLE	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH ALBERT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GUTHRIE	DIRECTOR	1.00	Director	$0	$0	$0
AMY LOCKLEAR	DIRECTOR	1.00	Director	$0	$0	$0
DR SANDY HANDFIELD	DIRECTOR	1.00	Director	$0	$0	$0
CORRINE HECK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MENYHART	DIRECTOR	1.00	Director	$0	$0	$0
SARAH DOUGHERTY	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN HILLIARD	DIRECTOR	1.00	Director	$0	$0	$0
ERICA FLORES	DIRECTOR	1.00	Director	$0	$0	$0
LOU PARIS	DIRECTOR	1.00	Director	$0	$0	$0
RENEE KIRKLAND	DIRECTOR	1.00	Director	$0	$0	$0
JASON PARKER	DIRECTOR	1.00	Director	$0	$0	$0
SAVANNAH-JANE GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WANAMAKER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEN PHELPS	DIRECTOR	1.00	Director	$0	$0	$0
EVA REY	DIRECTOR	1.00	Director	$0	$0	$0
JOE WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
IAN SHINNICK	DIRECTOR	1.00	Director	$0	$0	$0
TYLER SIROIS	DIRECTOR	1.00	Director	$0	$0	$0
MARCI MURPHY	EXECUTIVE DIRECTOR	40.00	Officer	$171,179	$48,412	$219,591
YVONNE KOBRIN	CFO	40.00	Officer	$120,306	$14,165	$134,471
HOLLY PASCHAL	SECRETARY	40.00	Officer	$70,294	$25,149	$95,443
JEFFREY WITT	VP OF IT AND FACILITIES	40.00	Highest	$116,731	$8,311	$125,042
JAMES WATSON	COO	40.00	Highest	$104,665	$16,975	$121,640
THOMAS LA FLORE	VP OF INDUSTRY RELATIONS	40.00	Highest	$110,433	$9,758	$120,191

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	$16,507,655	$16,517,667	$5,113,783	$-10,012
2024	$13,495,742	$12,959,509	$3,929,255	$536,233
2023	$10,675,214	$10,686,262	$2,607,555	$-11,048
2022	$11,453,763	$11,332,251	$1,738,737	$121,512
2021	$15,096,840	$15,323,073	$2,050,541	$-226,233
2020	$13,682,501	$13,675,603	$1,782,560	$6,898
2019	$13,073,274	$13,117,614	$2,337,789	$-44,340
2018	$11,394,212	$11,437,989	$1,452,592	$-43,777

BREVARD WORKFORCE DEVELOPMENT BOARD INC