NORTHERN MIDDLE TENNESSEE LOCAL WORKFORCE DEVELOPMENT BOARD INC (EIN 621812741) - 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

2000

Legal Domicile

Phone

9319053559

Tax Period

2024-07-01 to 2025-06-30

NORTHERN MIDDLE TENNESSEE LOCAL WORKFORCE DEVELOPMENT BOARD INC, founded in 2000, is a mid-sized nonprofit in the Employment sector that reported $10.8M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

NORTHERN MIDDLE TENNESSEE LOCAL WORKFORCE DEVELOPMENT BOARD,INC.(FORMERLY KNOWN AS NORTH TENNESSEE WORKFORCE BOARD,INC.)IS A NOT-FOR-PROFIT ORGANIZATION ORIGINALLY ESTABLISHED TO BEGIN SERVICES ON JULY 1, 2000 AS A POLICY-MAKING BOARD FOR A NINE COUNTY LOCAL WORKFORCE DEVELOPMENT AREA 8 (LWDA 8)UNDER THE WORKFORCE INVESTMENT ACT OF 1998. THESE SERVICES, FACILITATE PROGRAMS WITHIN THE LWDA TO PREPARE YOUTH, AND UP-SKILL ADULTS AND DISLOCATED WORKERS FOR ENTRY AND/OR RE-ENTRY INTO THE LABOR FORCE AND TO AFFORD JOB TRAINING TO THOSE ECONOMICALLY DISADVANTAGED INDIVIDUALS AND OTHER INDIVIDUALS FACING SERIOUS BARRIERS TO EMPLOYMENT TO INCREASE ECONOMIC SELF-SUFFICIENCY. THE BOARD ALSO SERVES TO SUPPORT AREA ECONOMIC GROWTH. A BOARD OF DIRECTORS COMPRISED OF BUSINESS REPRESENTATIVES AND OTHER LABOR,EDUCATION, ECONOMIC DEVELOPMENT AND SPECIALTY POPULATIONS GOVERN THE AFFAIRS OF THE SERVICE DELIVERY AREA (LWDA NORTHERN MIDDLE) WHICH HAS EXPANDED TO THIRTEEN COUNTIES.

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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 $10,835,343

Program Service Revenue $0

Investment Income $3,105

Other Revenue $0

TOTAL REVENUE $10,838,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $480,322

Fundraising Expenses $0

Program Expenses $9,892,381

Other Expenses $10,307,372

TOTAL EXPENSES $10,787,694

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,838,448	$11,623,324	-0.1%
Expenses	$10,787,694	$11,687,283	-0.1%
Net Income	$50,754	$-63,959	-1.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
TONY ADAMS	MEMBER	Director	$0	$0	$0
DAN CALDWELL	MEMBER	Director	$0	$0	$0
GEORGE CALLIS	MEMBER	Director	$0	$0	$0
ANNE FUGATE	MEMBER	Director	$0	$0	$0
COREY JOHNS	MEMBER	Director	$0	$0	$0
ROBIN BALDREE	MEMBER	Director	$0	$0	$0
MARK PEED	Vice Chair	Officer Director	$0	$0	$0
DAVID RUTLEDGE	MEMBER	Director	$0	$0	$0
NATHAN GARRETT	MEMBER	Director	$0	$0	$0
SHOSHANA SAMUELS	MEMBER	Director	$0	$0	$0
BILLY GIVENS	MEMBER	Director	$0	$0	$0
KRISTI SPURGEON	Secretary	Officer Director	$0	$0	$0
FREDA HERNDON	MEMBER	Director	$0	$0	$0
SETH THURMAN	MEMBER	Director	$0	$0	$0
PAUL WEBB	MEMBER	Director	$0	$0	$0
JOHN ZOBL	CHAIR	Officer Director	$0	$0	$0
MARY LEAR	MEMBER	Director	$0	$0	$0
JORDAN OSBORNE	MEMBER	Director	$0	$0	$0
KELLY TYLER	MEMBER	Director	$0	$0	$0
SELLITTIA JOHNSON	MEMBER	Director	$0	$0	$0
BRANDON PHINX	MEMBER	Director	$0	$0	$0
KAITLIN SALYER	MEMBER	Director	$0	$0	$0
MARLA RYE	Executive Dir.	Officer	$0	$0	$0
GINGER FUSSELL	FISCAL OFFICER	Officer	$0	$0	$0

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	$10,838,448	$10,787,694	$3,054,922	$50,754
2023	$12,395,619	$12,372,583	$3,495,857	$23,036
2023	$11,623,324	$11,687,283	$2,462,112	$-63,959
2022	$10,764,896	$10,808,283	$2,905,431	$-43,387
2021	$13,604,676	$13,576,787	$2,477,233	$27,889
2020	$12,475,338	$12,488,572	$2,739,590	$-13,234
2019	$9,568,652	$9,568,654	$1,594,343	$-2

NORTHERN MIDDLE TENNESSEE LOCAL WORKFORCE DEVELOPMENT BOARD INC