GULF COAST WORKFORCE DEVELOPMENT BOARD INC

EIN: 593455773 501(c)(3) Education

PANAMA CITY, FL

Total Revenue
$2,821,079
Total Expenses
$3,070,271
Total Assets
$3,217,500
Net Assets
$668,962
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
FL
Principal Officer
KIMBERLY BODINE
Phone
8509133285
Tax Period
2024-07-01 to 2025-06-30

GULF COAST WORKFORCE DEVELOPMENT BOARD INC, founded in 1996, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

TO PROVIDE CUSTOMIZED EMPLOYMENT AND TRAINING SOLUTIONS THAT FACILITATE ECONOMIC PROSPERITY IN PARTNERSHIP WITH EDUCATION, ECONOMIC DEVELOPMENT, CHAMBERS OF COMMERCE, COMMUNITY-BASED ORGANIZATIONS, LOCAL GOVERNMENTS AND BUSINESSES.

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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 $2,799,126
Program Service Revenue $0
Investment Income $21,953
Other Revenue $0
TOTAL REVENUE $2,821,079

Expense Breakdown

Grants Paid $600,161
Salaries & Benefits $1,719,460
Fundraising Expenses $0
Program Expenses $2,583,756
Other Expenses $750,650
TOTAL EXPENSES $3,070,271

Year-over-Year Comparison

2024 2023 Change
Revenue $2,821,079 $3,342,995 -0.2%
Expenses $3,070,271 $3,455,471 -0.1%
Net Income $-249,192 $-112,476 +1.2%
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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Governance

Voting Members
18
Independent Members
18
Employees
45
Volunteers
23

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
$263,950
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELINOR MOUNT-SIMMONS CHAIR 1.00
Officer Director
$0 $0 $0
JOEY GINN VICE-CHAIR 1.00
Officer Director
$0 $0 $0
JIM NORTON BOARD MEMBER 1.00
Director
$0 $0 $0
GLEN MCDONALD BOARD MEMBER 1.00
Director
$0 $0 $0
BECCA HARDIN BOARD MEMBER 1.00
Director
$0 $0 $0
JIM MCKNIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
FRED CROON BOARD MEMBER 1.00
Director
$0 $0 $0
ALEXIS UNDERWOOD BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN DEEGINS BOARD MEMBER 1.00
Director
$0 $0 $0
DERRICK HENDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
ALEX MURPHY BOARD MEMBER 1.00
Director
$0 $0 $0
REBEKAH VASSAR BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW HICKS BOARD MEMBER 1.00
Director
$0 $0 $0
AARON LITTLE BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS KARAGIANNIS BOARD MEMBER AS OF 12/17/2024 1.00
Director
$0 $0 $0
CHRISTIAN JOHNSON BOARD MEMBER AS OF 12/17/2024 1.00
Director
$0 $0 $0
SHEILA HAUSER BOARD MEMBER 1.00
Director
$0 $0 $0
TED MOSTELLER BOARD MEMBER 1.00
Director
$0 $0 $0
JANINE DEXTER FINANCE DIRECTOR 50.00
Officer
$74,286 $20,016 $94,302
KIMBERLY BODINE EXECUTIVE DIRECTOR 60.00
Officer
$119,602 $50,046 $169,648
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 $2,821,079 $3,070,271 $3,217,500 $-249,192
2024 $3,342,995 $3,455,471 $3,724,701 $-112,476
2023 $4,099,007 $4,555,563 $4,305,735 $-456,556
2022 $4,387,590 $4,721,343 $4,890,577 $-333,753
2021 $9,285,107 $8,527,061 $2,763,305 $758,046
2020 $12,513,280 $12,424,248 $2,159,306 $89,032
2019 $6,467,735 $6,260,377 $2,791,947 $207,358
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