LAT WORKFORCE INVESTMENT BOARD INC (EIN 721476016) - 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

Principal Officer

FRANK LEWIS

Phone

9855807249

Tax Period

2023-07-01 to 2024-06-30

LAT WORKFORCE INVESTMENT BOARD INC, founded in 2000, is a community nonprofit in the Employment sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

REGIONAL WORKFORCE READINESS AND TRAINING

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,642,524

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,642,524

Expense Breakdown

Grants Paid $1,358,030

Salaries & Benefits $224,501

Fundraising Expenses $0

Program Expenses $1,358,030

Other Expenses $77,472

TOTAL EXPENSES $1,660,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,642,524	$1,830,891	-0.1%
Expenses	$1,660,003	$1,845,378	-0.1%
Net Income	$-17,479	$-14,487	+0.2%

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

$90,898

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EA ANGELLOZ	DIRECTOR	0.50	Officer Director	$0	$0	$0
KEVIN BELANGER	DIRECTOR	0.50	Director	$0	$0	$0
LORA ANN CHAISSON	DIRECTOR	0.50	Director	$0	$0	$0
GREG DIEZ	CHAIRMAN	0.50	Officer Director	$0	$0	$0
JAWANDA GIVENS	DIRECTOR	0.50	Director	$0	$0	$0
AVIE FONENOT	DIRECTOR	0.50	Director	$0	$0	$0
ALFRED FOX III	DIRECTOR	0.50	Director	$0	$0	$0
JOHN HEBERT	DIRECTOR	0.50	Director	$0	$0	$0
ANNETTE SMITH HUBER	DIRECTOR	0.50	Director	$0	$0	$0
MIKE LEWIS	DIRECTOR	0.50	Director	$0	$0	$0
KELLY WINTZ	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN PELLEGRIN	DIRECTOR	0.50	Director	$0	$0	$0
CHERI BLANCHARD	DIRECTOR	0.50	Director	$0	$0	$0
KRISTINE STRICKLAND	DIRECTOR	0.50	Director	$0	$0	$0
TERRI ST PETER	SECRETARY, TREASURER	0.50	Officer Director	$0	$0	$0
MARILYN SCHWARTZ	DIRECTOR	0.50	Director	$0	$0	$0
MICHELE TURNER JONES	DIRECTOR	0.50	Director	$0	$0	$0
KELLI CUNNINGHAM	DIRECTOR	0.50	Director	$0	$0	$0
MITCH ORGERON	DIRECTOR	0.50	Director	$0	$0	$0
JERRY REPKA JR	DIRECTOR	0.50	Director	$0	$0	$0
MARCELLA ALLEMAND	VICE-CHAIRMAN	0.50	Officer Director	$0	$0	$0
KATHERINE DUBOIS	DIRECTOR	0.50	Director	$0	$0	$0
FRANK LEWIS	EXECUTIVE DIRECTOR	40.00	Officer	$90,898	$0	$90,898

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	$1,642,524	$1,660,003	$174,711	$-17,479
2023	$1,830,891	$1,845,378	$196,575	$-14,487
2022	$1,464,048	$1,446,013	$251,212	$18,035
2021	$1,643,744	$1,594,515	$115,669	$49,229
2020	$1,547,815	$1,561,987	$87,647	$-14,172
2019	$1,590,366	$1,597,305	$98,045	$-6,939
2018	$1,553,614	$1,565,532	$112,387	$-11,918

LAT WORKFORCE INVESTMENT BOARD INC