WORKFORCE DEVELOPMENT BOARD OF THE… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

BRIAN BAUER

Phone

8664824473

Tax Period

2024-07-01 to 2025-06-30

WORKFORCE DEVELOPMENT BOARD OF THE TREASURE COAST INC, founded in 1983, is a community nonprofit in the Employment sector that reported $5.5M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $5.3M left a modest 3% surplus.

Mission

THE MISSION OF THE WORKFORCE BOARD OF THE TREASURE COAST IS TO PROVIDE OPPORTUNITIES AND IMPROVE LIVES BY BUILDING AN INTEGRATED WORKFORCE DEVELOPMENT SYSTEM FOR JOBSEEKERS AND EMPLOYERS BY ANALYZING LABOR MARKET NEEDS, EFFECTIVELY AND EFFICIENTLY COORDINATING THE DELIVERY RESOURCES, PROGRAMS AND SERVICES, AND EVALUATING THE RESULTS FOR ACCOUNTABILITY.

Program Service Accomplishments

Program 1

Expenses: $1,557,814

WIOA ADULT: THESE FUNDS ARE PROVIDED UNDER THE WORKFORCE INNOVATION AND OPPORTUNITY ACT TO ESTABLISH PROGRAMS TO PREPARE UNSKILLED ADULTS FOR ENTRY INTO THE LABOR FORCE AND TO AFFORD JOB TRAINING TO THOSE ECONOMICALLY DISADVANTAGED INDIVIDUALS AND OTHER INDIVIDUALS FACING SERIOUS BARRIERS TO EMPLOYMENT WHO ARE IN SPECIAL NEED OF SUCH TRAINING TO OBTAIN PRODUCTIVE EMPLOYMENT.

Program 2

Expenses: $888,590

WIOA YOUTH: THESE FUNDS ARE PROVIDED UNDER THE WORKFORCE INNOVATION AND OPPORTUNITY ACT TO ASSIST IN PROVIDING HIGH QUALITY SERVICES FOR YOUTH AND YOUNG ADULTS BEGINNING WITH CAREER EXPLORATION AND GUIDANCE, CONTINUED SUPPORT FOR EDUCATIONAL ATTAINMENT, OPPORTUNITIES FOR SKILLS TRAINING IN IN-DEMAND INDUSTRIES AND OCCUPATIONS, AND CULMINATING WITH A GOOD JOB ALONG A CAREER PATHWAY OR ENROLLMENT IN POST-SECONDARY EDUCATION.

Program 3

Expenses: $603,715

WELFARE TRANSITION: THIS IS THE STATE OF FLORIDA'S WELFARE REFORM LEGISLATION. THE WELFARE TRANSITION PROGRAM PROVIDES EMPLOYMENT, TRAINING AND EDUCATIONAL SERVICES AS WELL AS CHILDCARE AND OTHER...

WELFARE TRANSITION: THIS IS THE STATE OF FLORIDA'S WELFARE REFORM LEGISLATION. THE WELFARE TRANSITION PROGRAM PROVIDES EMPLOYMENT, TRAINING AND EDUCATIONAL SERVICES AS WELL AS CHILDCARE AND OTHER SUPPORTIVE SERVICES. THIS PROGRAM ASSISTS IN THE TRANSITION FROM PUBLIC ASSISTANCE TO EMPLOYMENT.

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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 $5,276,517

Program Service Revenue $26,275

Investment Income $211,060

Other Revenue $3,446

TOTAL REVENUE $5,517,298

Expense Breakdown

Grants Paid $807,850

Salaries & Benefits $2,570,394

Fundraising Expenses $0

Program Expenses $4,679,469

Other Expenses $1,957,966

TOTAL EXPENSES $5,336,210

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,517,298	$5,980,335	-0.1%
Expenses	$5,336,210	$6,030,674	-0.1%
Net Income	$181,088	$-50,339	-4.6%

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

$374,797

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BEAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FREELAND	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MOORE	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH FRAZIER	DIRECTOR	1.00	Director	$0	$0	$0
DORI STONE	DIRECTOR END ?	1.00	Director	$0	$0	$0
ERIN LOWRY	DIRECTOR	1.00	Director	$0	$0	$0
HELENE CASELTINE	DIRECTOR	1.00	Director	$0	$0	$0
JIM BRANN	CHAIR	1.00	Officer Director	$0	$0	$0
JONATHAN PRINCE	DIRECTOR	1.00	Director	$0	$0	$0
JOSE CAPELLAN	DIRECTOR	1.00	Director	$0	$0	$0
KELLY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN STATEN	DIRECTOR	1.00	Director	$0	$0	$0
LARRY LEET	DIRECTOR END ?	1.00	Director	$0	$0	$0
LESLIE KRISTOF	PAST CHAIR	1.00	Director	$0	$0	$0
LORNA LANDHERR	DIRECTOR	1.00	Director	$0	$0	$0
MADDIE WILLIAMS	TREASURER END ?	2.00	Officer Director	$0	$0	$0
MICHAEL KAUFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MAINE	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA BURCHELL	DIRECTOR	1.00	Director	$0	$0	$0
PETE TESCH	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CENK	DIRECTOR	1.00	Director	$0	$0	$0
TERISSA ARONSON	DIRECTOR	1.00	Director	$0	$0	$0
TERRANCE MOORE	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY MOORE	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE OLSON	DIRECTOR	1.00	Director	$0	$0	$0
WERNER BOLS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM ARMSTEAD	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
TRACEY MILLER	DESIGNEE	1.00	Director	$0	$0	$0
PRASHANTH PILLY	DESIGNEE	1.00	Director	$0	$0	$0
ALIESHA SEITZ	DESIGNEE	1.00	Director	$0	$0	$0
CHRISTI SHIELDS	DESIGNEE	1.00	Director	$0	$0	$0
BRIAN BAUER	PRESIDENT/CEO AND SECRETARY	40.00	Officer	$139,591	$15,000	$154,591
LISA DELLIGATTI	CFO	40.00	Officer	$95,353	$13,455	$108,808
TRACEY MCMORRIS	COO	40.00	Officer	$97,843	$13,555	$111,398

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	$5,517,298	$5,336,210	$949,761	$181,088
2024	$5,980,335	$6,030,674	$3,437,897	$-50,339
2023	$5,946,882	$6,015,807	$3,954,009	$-68,925
2022	$6,937,446	$7,000,730	$4,273,478	$-63,284
2021	$7,427,913	$7,425,796	$1,389,247	$2,117
2020	$6,490,979	$6,556,760	$1,233,094	$-65,781
2019	$6,914,527	$6,928,043	$1,337,726	$-13,516
2018	$7,219,010	$7,149,197	$1,214,845	$69,813

WORKFORCE DEVELOPMENT BOARD OF THE TREASURE COAST INC