SOUTHWEST FLORIDA WORKFORCE DEVELOPMENT BOARD INC

EIN: 650778245 501(c)(3) Employment

FORT MYERS, FL

Total Revenue
$12,400,588
Total Expenses
$12,335,556
Total Assets
$8,923,566
Net Assets
$271,777
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
FL
Principal Officer
PEG ELMORE
Phone
2392252500
Tax Period
2024-07-01 to 2025-06-30

SOUTHWEST FLORIDA WORKFORCE DEVELOPMENT BOARD INC, founded in 1997, is a mid-sized nonprofit in the Employment sector that reported $12.4M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE ADMINISTRATION AND OVERSIGHT TO ORGANIZATIONS AND AND INDIVIDUALS WHO SERVE THOSE SEEKING EMPLOYMENT OPPORTUNITIES THROUGH JOB TRAINING, JOB PLACEMENT,COUNSELING AND OTHER ASSISTANCE.

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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 $11,858,687
Program Service Revenue $0
Investment Income $0
Other Revenue $541,901
TOTAL REVENUE $12,400,588

Expense Breakdown

Grants Paid $4,422,954
Salaries & Benefits $4,725,650
Fundraising Expenses $0
Program Expenses $10,987,357
Other Expenses $3,186,952
TOTAL EXPENSES $12,335,556

Year-over-Year Comparison

2024 2023 Change
Revenue $12,400,588 $13,536,774 -0.1%
Expenses $12,335,556 $13,520,985 -0.1%
Net Income $65,032 $15,789 +3.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
72
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
5
$241,458
Total Directors
19
$0
Key Employees
1
$241,458
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PEG ELMORE PRESIDENT/CEO 40.00
Officer Key Emp
$241,458 $0 $241,458
MICHAEL EGAN FINANCE DIRECTOR 40.00
Highest
$156,022 $0 $156,022
ANDREA HOFFER HR DIRECTOR 40.00
Highest
$110,695 $0 $110,695
CRAIG HELMER CONTROLLER 40.00
Highest
$108,236 $0 $108,236
REBECCA SANDHOLT DIRECTOR-PLANNING 40.00
Highest
$101,408 $0 $101,408
DRUMMOND CAMEL BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL BISKIE CHAIR 1.00
Officer Director
$0 $0 $0
MICHELLE LINCOLN BOARD MEMBER 1.00
Director
$0 $0 $0
BILL DIAMOND VICE-CHAIR 1.00
Officer Director
$0 $0 $0
ADRIAN LLANES SECRETARY 1.00
Officer Director
$0 $0 $0
KEVIN DONLAN BOARD MEMBER 1.00
Director
$0 $0 $0
CARL STRINGER BOARD MEMBER 1.00
Director
$0 $0 $0
BRENT KETTLER BOARD MEMBER 1.00
Director
$0 $0 $0
WENDI FOWLER BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL WUKITSCH BOARD MEMBER 1.00
Director
$0 $0 $0
AARON STITT BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN TALMAGE BOARD MEMBER 1.00
Director
$0 $0 $0
KEITHA DANIELS TREASURER 1.00
Officer Director
$0 $0 $0
EDWARD FRANCO BOARD MEMBER 1.00
Director
$0 $0 $0
PHIL MAGIN BOARD MEMBER 1.00
Director
$0 $0 $0
DR BRAD MYERS BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTINA PARK BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT RICHARDS BOARD MEMBER 1.00
Director
$0 $0 $0
BOB WHITE BOARD MEMBER 1.00
Director
$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 $12,400,588 $12,335,556 $8,923,566 $65,032
2024 $13,536,774 $13,520,985 $3,929,358 $15,789
2023 $12,752,537 $12,669,224 $5,588,294 $83,313
2022 $10,165,135 $10,188,664 $6,992,908 $-23,529
2021 $11,214,326 $11,260,260 $4,172,033 $-45,934
2020 $13,133,586 $13,066,581 $4,433,903 $67,005
2019 $14,439,981 $14,440,074 $4,638,050 $-93
2018 $15,980,338 $16,163,402 $3,924,027 $-183,064
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