WORKFORCE DEVELOPMENT BOARD OF EAS… - 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

2000

Legal Domicile

Principal Officer

HEATHER PIPKIN

Phone

8717330601

Tax Period

2024-07-01 to 2025-06-30

WORKFORCE DEVELOPMENT BOARD OF EASTERN ARKANSAS, founded in 2000, is a community nonprofit in the Employment sector that reported $1.1M in total revenue in fiscal year 2024.

Mission

TO PROVIDE ASSISTANCE TO DISPLACED WORKERS.

Program Service Accomplishments

Program 1

Expenses: $1,026,455

THE WORKFORCE DEVELOPMENT BOARD OF EASTERN ARKANSAS SERVES AS THE GRANT RECIPIENT OF FEDERAL FUNDS. THE ORGANIZATION NOW ADMINISTERS THE TRAINING PROGRAM ITSELF AND WORKS TO ENSURE THAT THERE IS A...

THE WORKFORCE DEVELOPMENT BOARD OF EASTERN ARKANSAS SERVES AS THE GRANT RECIPIENT OF FEDERAL FUNDS. THE ORGANIZATION NOW ADMINISTERS THE TRAINING PROGRAM ITSELF AND WORKS TO ENSURE THAT THERE IS A WELL-TRAINED WORKFORCE AVAILABLE FOR EMPLOYER DEMAND. THE WDBEA MONITORS ITS EMPLOYEES AND ENSURES THAT FEDERAL AND STATE LAWS AND TEGLS ARE BEING ADHERED TO BY ITS ORGANIZATION.

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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 $1,059,537

Program Service Revenue $11,390

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,070,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $802,605

Fundraising Expenses $0

Program Expenses $1,026,455

Other Expenses $288,712

TOTAL EXPENSES $1,091,317

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,070,927	$1,049,043	+0.0%
Expenses	$1,091,317	$1,077,489	+0.0%
Net Income	$-20,390	$-28,446	-0.3%

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
EVERETT ADAMSON	DIRECTOR	N/A	Director	$0	$0	$0
CAROLYN ANTHONY	DIRECTOR	N/A	Director	$0	$0	$0
JOE ST COLUMBIA	DIRECTOR	N/A	Director	$0	$0	$0
JOHN DALENCOURT	DIRECTOR	N/A	Director	$0	$0	$0
KELLIE FARRIS	DIRECTOR	N/A	Director	$0	$0	$0
BESSIE JONES	DIRECTOR	N/A	Director	$0	$0	$0
LEON PRICE JR	DIRECTOR	N/A	Director	$0	$0	$0
ARTHUR KEMP	DIRECTOR	N/A	Director	$0	$0	$0
BRANDIE MADDOX	DIRECTOR	N/A	Director	$0	$0	$0
DOUG MCCAIN	DIRECTOR	N/A	Director	$0	$0	$0
ADAM O'NEAL	DIRECTOR	N/A	Director	$0	$0	$0
HEATHER PIPKIN	EXECUTIVE DI	N/A	Director	$0	$0	$0
LATANYA ROBINSON	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTINA SANDERLIN	DIRECTOR	N/A	Director	$0	$0	$0
FREDRICK SMITH	CHAIRMAN	N/A	Director	$0	$0	$0
TIM THORNE	VICE CHAIRMA	N/A	Director	$0	$0	$0
ALICE WILIFORD	DIRECTOR	N/A	Director	$0	$0	$0
ASSELAH WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
BRITTNAY WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
CEDRIC WILLIAMS	SECRETARY	N/A	Director	$0	$0	$0
FALISHA WILSON	DIRECTOR	N/A	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	$1,070,927	$1,091,317	$76,833	$-20,390
2024	$1,049,043	$1,077,489	$78,323	$-28,446
2022	$1,030,172	$1,028,152	$105,937	$2,020
2021	$1,825,228	$1,783,578	$117,292	$41,650

WORKFORCE DEVELOPMENT BOARD OF EASTERN ARKANSAS