HEARTLAND WORKFORCE INVESTMENT BOARD INC (EIN 593397632) - 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

1996

Legal Domicile

Principal Officer

DONNA DOUBLEDAY

Phone

8633853672

Tax Period

2024-07-01 to 2025-06-30

HEARTLAND WORKFORCE INVESTMENT BOARD INC, founded in 1996, is a community nonprofit in the Employment sector that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

THE MISSION OF CAREERSOURCE HEARTLAND IS TO PROMOTE AND ENHANCE CAREER DEVELOPMENT OPPORTUNITIES.

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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 $3,207,911

Program Service Revenue $0

Investment Income $227

Other Revenue $13,728

TOTAL REVENUE $3,221,866

Expense Breakdown

Grants Paid $854,844

Salaries & Benefits $1,725,932

Fundraising Expenses $0

Program Expenses $2,732,878

Other Expenses $622,798

TOTAL EXPENSES $3,203,574

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,221,866	$3,516,113	-0.1%
Expenses	$3,203,574	$3,524,352	-0.1%
Net Income	$18,292	$-8,239	-3.2%

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

$223,122

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND ROYCE	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID ROYAL	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
WILLIAM ALLBRITTON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN ROBERTS	EXECUTIVE BOARD CHAIR - START 11/18/24	1.00	Officer Director	$0	$0	$0
KELLY OWENS	EXECUTIVE BOARD CHAIR - END 11/17/24	1.00	Officer Director	$0	$0	$0
JEROD GROSS	EXECUTIVE BOARD CHAIR ELECT - START 11/18/24	1.00	Officer Director	$0	$0	$0
KENNY MILLER	DIRECTOR - START 11/18/24	1.00	Officer Director	$0	$0	$0
MICHAEL SUMNER	DIRECTOR - START 11/18/24	1.00	Officer Director	$0	$0	$0
JUDITH GEORGE	DIRECTOR - END 11/17/24	1.00	Officer Director	$0	$0	$0
LEIGH ANN BELLAMY	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA BROOMFIELD	DIRECTOR	1.00	Director	$0	$0	$0
YARIMA CUENCAS	DIRECTOR	1.00	Director	$0	$0	$0
BILLIE JO DECKER	DIRECTOR - START 6/18/25	1.00	Director	$0	$0	$0
MARY DOW	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA EXENDINE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE ETTER	DIRECTOR	1.00	Director	$0	$0	$0
DON GARNER	DIRECTOR	1.00	Director	$0	$0	$0
DENISE GRIMSLEY	DIRECTOR	1.00	Director	$0	$0	$0
SKYLAR HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
FRED HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
RICK HERNDON	DIRECTOR - START 4/23/25	1.00	Director	$0	$0	$0
DAWN HOOVER	DIRECTOR	1.00	Director	$0	$0	$0
YESSENIA IRIZARRY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTEN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH MANCINI	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE MCAULEY	DIRECTOR - START 4/23/25	1.00	Director	$0	$0	$0
WAYNE OLSON	DIRECTOR	1.00	Director	$0	$0	$0
GARY RITTER	DIRECTOR	1.00	Director	$0	$0	$0
DYLAN TEDDERS	DIRECTOR	1.00	Director	$0	$0	$0
EFRAN SCHRAEDER	DIRECTOR - START 1/22/25	1.00	Director	$0	$0	$0
GLENN WEST	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA WILSON	DIRECTOR	1.00	Director	$0	$0	$0
LOIS HILTON	DIRECTOR - END 3/31/25	1.00	Director	$0	$0	$0
JEFF JONES	DIRECTOR - END 3/24/25	1.00	Director	$0	$0	$0
LINDSEY MCCAIN	DIRECTOR - END 3/17/25	1.00	Director	$0	$0	$0
ANGEL WIGGINS	DIRECTOR - END 1/1/25	1.00	Director	$0	$0	$0
DONNA DOUBLEDAY	PRESIDENT/CEO	40.00	Officer	$117,563	$13,928	$131,491
MICHELLE ARENA	CFO	40.00	Officer	$74,079	$17,552	$91,631

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	$3,221,866	$3,203,574	$1,926,743	$18,292
2024	$3,516,113	$3,524,352	$2,096,453	$-8,239
2023	$3,340,992	$3,341,286	$2,119,945	$-294
2022	$3,155,472	$3,151,322	$340,612	$4,150
2021	$3,676,206	$3,668,619	$398,548	$7,587
2020	$3,475,976	$3,467,649	$509,181	$8,327
2019	$3,174,647	$3,168,945	$522,091	$5,702

HEARTLAND WORKFORCE INVESTMENT BOARD INC