Rural Capital Area Workforce Devel… - 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

1996

Legal Domicile

Principal Officer

Paul Fletcher

Phone

5122447966

Tax Period

2024-10-01 to 2025-09-30

Rural Capital Area Workforce Development Board, founded in 1996, is a mid-sized nonprofit in the Employment sector that reported $59.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

Build an employer driven workforce that meets the demands of a global economy by actively involving business leaders in decisions that allows them to identify labor and economic trends, obtain customized training, and hire higher skilled workers while promoting the welfare, education, training and job placement of job seekers.

Program Service Accomplishments

Program 1

Expenses: $42,862,193 Revenue: $32,303

To provide a subsidy for childcare for low income persons who are in a job training program

Program 2

Expenses: $7,119,367 Revenue: $5,366

To provide training and support for individuals job seekers as outlined by the WIOA programs

Program 3

Expenses: $2,016,903 Revenue: $1,520

to provide assistance and training to low income job seekers und the provision of the TANF/Choices program

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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 $58,728,637

Program Service Revenue $541,450

Investment Income $0

Other Revenue $43,558

TOTAL REVENUE $59,313,645

Expense Breakdown

Grants Paid $44,401,918

Salaries & Benefits $3,908,971

Fundraising Expenses $0

Program Expenses $57,797,497

Other Expenses $11,071,739

TOTAL EXPENSES $59,382,628

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,313,645	$51,497,172	+0.2%
Expenses	$59,382,628	$51,961,738	+0.1%
Net Income	$-68,983	$-464,566	-0.9%

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

$1,054,201

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Fletcher	CEO	040.00	Officer	$229,324	$66,203	$295,527
Diane Tackett	COO	040.00	Officer	$173,245	$36,805	$210,050
Eric Stansfield	CIO	040.00	Officer	$133,457	$44,948	$178,405
Veronica Kumpf	CFO	040.00	Officer	$132,155	$33,272	$165,427
Kelly Moreno	CSO	040.00	Officer	$130,227	$21,040	$151,267
Oscar Ratliff Jr	Business Innovation Data Analysist	040.00	Highest	$113,971	$34,381	$148,352
Lori Ann Forman	Controller	040.00	Highest	$113,456	$33,719	$147,175
Christine Myers	Director of Federal Contracts	040.00	Highest	$112,424	$31,721	$144,145
Manuela Amador Reyes	Director of Procurement	040.00	Highest	$114,470	$19,166	$133,636
Derek Grossenbacher	Executive Office Manager	040.00	Highest	$104,461	$28,263	$132,724
Sarah Ruddy	CBDO	040.00	Officer	$43,500	$10,025	$53,525
Alfonso Sifuentes	Treasurer	001.00	Officer Director	$0	$0	$0
Becky Garlick	Board Member	001.00	Director	$0	$0	$0
Butch Aggen	Board Member	001.00	Director	$0	$0	$0
Camille Clay	Board Member	001.00	Director	$0	$0	$0
Cassandra Moya	Board Member	001.00	Director	$0	$0	$0
Christain Fletcher	Board Member	001.00	Director	$0	$0	$0
Denice Harlan	Board Member	001.00	Director	$0	$0	$0
Doug Mudd	Board Member	001.00	Director	$0	$0	$0
Eben Riggs	Board Member	001.00	Director	$0	$0	$0
Elva Zdeb	Board Member	001.00	Director	$0	$0	$0
Elwood O Engebretson	Board Member	001.00	Director	$0	$0	$0
Frank T Leonardis	Chairperson	001.00	Officer Director	$0	$0	$0
Hatch Smith	Board Member	001.00	Director	$0	$0	$0
Heather Wagner	Board Member	001.00	Director	$0	$0	$0
Jeffrey Light	Board Member	001.00	Director	$0	$0	$0
Jennifer Carter	Board Member	001.00	Director	$0	$0	$0
Joshua Paselk	Board Member	001.00	Director	$0	$0	$0
Kwee Lan Teo	Board Member	001.00	Director	$0	$0	$0
Kyle Swartz	Board Member	001.00	Director	$0	$0	$0
Lisa Stewart	Board Member	001.00	Director	$0	$0	$0
Marco Cruz	Board Member	001.00	Director	$0	$0	$0
Megan Gandy	Board Member	001.00	Director	$0	$0	$0
Michael Grant	Board Member	001.00	Director	$0	$0	$0
Nikki Stallings	Board Member	001.00	Director	$0	$0	$0
Rene Flores	Vice-Chair	001.00	Officer Director	$0	$0	$0
Sam Dowdy	Board Member	001.00	Director	$0	$0	$0
Sandra Dillett	Board Member	001.00	Director	$0	$0	$0
Susan Kimball	Board Member	001.00	Director	$0	$0	$0
Tim Ols	Board Member	001.00	Director	$0	$0	$0
Lucas Laura	Board Member	001.00	Director	$0	$0	$0
Margaret Lindsey	Board Member	001.00	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	$59,313,645	$59,382,628	$10,831,625	$-68,983
2024	$51,497,172	$51,961,738	$7,192,246	$-464,566
2023	$45,682,266	$46,418,623	$8,721,113	$-736,357
2022	$40,193,849	$40,100,190	$4,756,057	$93,659
2021	$33,940,223	$33,603,923	$4,367,961	$336,300
2021	$33,672,893	$33,603,922	$4,214,584	$68,971
2020	$9,394,999	$9,452,753	$3,449,616	$-57,754
2020	$9,372,636	$9,396,798	$3,991,717	$-24,162
2020	$34,222,654	$33,718,282	$3,469,696	$504,372
2019	$28,643,694	$28,130,335	$4,494,570	$513,359
2018	$22,424,830	$23,207,663	$1,584,276	$-782,833

Rural Capital Area Workforce Development Board