Rural Capital Area Workforce Development Board (EIN 742487795) - 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

1996

Legal Domicile

Principal Officer

Paul Fletcher

Phone

5122447966

Tax Period

2023-10-01 to 2024-09-30

Rural Capital Area Workforce Development Board, founded in 1996, is a mid-sized nonprofit in the Employment sector that reported $51.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

A non-profit entity providing no cost training, recuitment, and employment services to individual job seekers and businesses in the nine county area by giving them access to local Workforce Solutions.

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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 $50,668,393

Program Service Revenue $799,744

Investment Income $0

Other Revenue $29,035

TOTAL REVENUE $51,497,172

Expense Breakdown

Grants Paid $42,677,779

Salaries & Benefits $3,704,773

Fundraising Expenses $0

Program Expenses $50,264,253

Other Expenses $5,579,186

TOTAL EXPENSES $51,961,738

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,497,172	$45,682,266	+0.1%
Expenses	$51,961,738	$46,418,623	+0.1%
Net Income	$-464,566	$-736,357	-0.4%

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

$832,191

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Fletcher	CEO	040.00	Officer	$217,799	$48,160	$265,959
Diane Tackett	COO	040.00	Officer	$164,450	$21,903	$186,353
Eric Stansfield	CIO	040.00	Officer	$125,627	$30,760	$156,387
Oscar Ratliff Jr	Business Innovation Data Analysist	040.00	Highest	$108,184	$23,377	$131,561
Christine Myers	Director of Federal Contracts	040.00	Highest	$107,054	$21,073	$128,127
Lori Ann Forman	Controller	040.00	Highest	$104,564	$22,657	$127,221
Derek Grossenbacher	Executive Office Manager	040.00	Highest	$100,272	$18,428	$118,700
Manuela Amador Reyes	Director of Procurement	040.00	Highest	$106,369	$9,403	$115,772
Kelly Moreno	CSO	040.00	Officer	$104,655	$9,081	$113,736
Veronica Kumpf	CFO	040.00	Officer	$92,854	$16,902	$109,756
Janie Kohl	CFO	040.00		$0	$6,959	$6,959
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
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	$9,372,636	$9,396,798	$3,991,717	$-24,162
2020	$34,222,654	$33,718,282	$3,469,696	$504,372
2020	$9,394,999	$9,452,753	$3,449,616	$-57,754
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