GREATER ROANOKE WORKFORCE DEVELOPMENT BOARD INC (EIN 651163605) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

CASEY NICELY

Phone

5405628442

Tax Period

2023-07-01 to 2024-06-30

WESTERN VIRGINIA WORKFORCE DEVELOPMENT BOARD INC, founded in 2002, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2018. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

ADMINISTER WORKFORCE DEVELOPMENT AND TRAINING GRANTS FOR WORKFORCE AREA III OF VIRGINIA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,741,416

Program Service Revenue $0

Investment Income $24,306

Other Revenue $-101,827

TOTAL REVENUE $2,663,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,297,672

Fundraising Expenses $0

Program Expenses $2,548,962

Other Expenses $1,356,044

TOTAL EXPENSES $2,653,716

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,663,895	$2,362,527	+0.1%
Expenses	$2,653,716	$2,352,421	+0.1%
Net Income	$10,179	$10,106	+0.0%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY ADKINS	MEMBER	0.25	Officer	$0	$0	$0
MAIYA ASHBY	MEMBER	0.25	Officer	$0	$0	$0
JOESEPH BRINLEY	MEMBER	0.25	Officer	$0	$0	$0
RUTH CAUL	MEMBER	0.25	Officer	$0	$0	$0
SONYA CHARLOW	MEMBER	0.25	Officer	$0	$0	$0
KIMBERLY DAMERON	MEMBER	0.25	Officer	$0	$0	$0
JASMINE GALLATIN	MEMBER	0.25	Officer	$0	$0	$0
MICHAEL GARDNER	VICE CHAIR	0.50	Officer	$0	$0	$0
SUSAN GOAD	MEMBER	0.25	Officer	$0	$0	$0
ABBY HAMILTON	MEMBER	0.25	Officer	$0	$0	$0
JEFF HAMLEY	MEMBER	0.25	Officer	$0	$0	$0
DEBBIE HAMRICK	MEMBER	0.25	Officer	$0	$0	$0
CARTER HARDESTY	MEMBER	0.25	Officer	$0	$0	$0
MARILYN HERBERT-ASHTON	MEMBER	0.25	Officer	$0	$0	$0
STEPHANIE HOER	MEMBER	0.25	Officer	$0	$0	$0
JOHN HULL	MEMBER	0.25	Officer	$0	$0	$0
CYNTHIA LAWRENCE	MEMBER	0.25	Officer	$0	$0	$0
RICHARD MANSELL	MEMBER	0.25	Officer	$0	$0	$0
KAREN MICHALSKI-KARNEY	TREASURER	0.50	Officer	$0	$0	$0
CASEY NICELY	CHAIR	1.00	Officer	$0	$0	$0
DAIVD OLIVER	MEMBER	0.25	Officer	$0	$0	$0
SHARON PANDOLFINI	MEMBER	0.25	Officer	$0	$0	$0
KEVIN PRICE	MEMBER	0.25	Officer	$0	$0	$0
DR JOHN RAINONE	MEMBER	0.25	Officer	$0	$0	$0
KRISTINA REPASS	MEMBER	0.25	Officer	$0	$0	$0
SHANE RUCKER	MEMBER	0.25	Officer	$0	$0	$0
BETH SIMMS	MEMBER	0.25	Officer	$0	$0	$0
CHUCK SIMPONS	MEMBER	0.25	Officer	$0	$0	$0
JAMIE SOLTIS	MEMBER	0.25	Officer	$0	$0	$0
MIKE STEVENS	MEMBER	0.25	Officer	$0	$0	$0
RICK VIAR	MEMBER	0.25	Officer	$0	$0	$0
SUSAN WATKINS	MEMBER	0.25	Officer	$0	$0	$0
TIFFANY WORSTELL	MEMBER	0.25	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	No data	No data	No data	No data
2024	$2,663,895	$2,653,716	$2,096,656	$10,179
2023	$2,362,527	$2,352,421	$3,819,951	$10,106
2022	$1,585,075	$1,616,628	$3,359,135	$-31,553
2021	$1,750,900	$1,752,542	$466,441	$-1,642
2020	$1,263,469	$1,120,068	$450,350	$143,401
2019	$1,427,233	$1,398,781	$336,263	$28,452

GREATER ROANOKE WORKFORCE DEVELOPMENT BOARD INC