LOWER RIO GRANDE VALLEY WORKFORCE … - 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

FRANCISCO ALMARAZ

Phone

9569285000

Tax Period

2024-10-01 to 2025-09-30

LOWER RIO GRANDE VALLEY WORKFORCE DEVELOPMENT BOARD INC, founded in 2000, is a major nonprofit in the Employment sector that reported $108.4M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE CUSTOMERS WITH THE SKILLS AND TALENT THEY NEED TO BE SUCCESSFUL. WE RECOGNIZE THAT EVERY CUSTOMER IS UNIQUE AND OUR PEOPLE ARE THE COMPETITIVE ADVANTAGE.

Program Service Accomplishments

Program 1

Expenses: $106,445,712 Revenue: $6,642

PROVIDES FOR IMPLEMENTATION AND DEVELOPMENT OF A COMPREHENSIVE WORKFORCE INVESTMENT SYSTEM PROGRAM IN THE LOWER RIO GRANDE VALLEY COUNTIES OF HIDALGO, STARR, AND WILLACY. THE PROGRAM HELPS AMERICANS ACCESS THE TOOLS THEY NEED TO MANAGE THEIR CAREERS THROUGH INFORMATION AND HIGH-QUALITY SERVICES AND TO HELP U.S. COMPANIES FIND SKILLED WORKERS. CUSTOMERS SERVED IN HIDALGO, WILLACY, AND STARR COUNTIES EQUALED 73,409 AND EMPLOYERS SERVED EQUALED 2,082. IN ADDITION, WE ASSISTED THE TEXAS ATTORNEY GENERAL IN RECOVERING $149,064,293 IN BACK-OWED CHILD SUPPORT PAYMENTS SINCE 2005. LRGVWDB SERVED MORE THAN 12,103 CHILDREN DAILY WITH CHILDCARE, SERVED 2,524 MIGRANT AND SEASONAL FARM WORKERS, AND SERVED 1,045 VETERANS.

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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 $108,361,348

Program Service Revenue $6,642

Investment Income $0

Other Revenue $0

TOTAL REVENUE $108,367,990

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,066,626

Fundraising Expenses $0

Program Expenses $106,445,712

Other Expenses $105,054,533

TOTAL EXPENSES $108,121,159

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,367,990	$100,302,473	+0.1%
Expenses	$108,121,159	$99,928,056	+0.1%
Net Income	$246,831	$374,417	-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

$434,940

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICARDO R GONZALEZ	BOARD CHAIR	1.00	Director	$0	$0	$0
ARACELI DE LA GARZA	VICE CHAIR	1.00	Director	$0	$0	$0
LORISSA K LUNA	TREASURER	1.00	Director	$0	$0	$0
DALINDA L GUILLEN	SECRETARY	1.00	Director	$0	$0	$0
ALBERTO ESCOBEDO	BOARD MEMBER	1.00	Director	$0	$0	$0
CORINA P LAVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CRISELDA M SANTANA	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCISCO LUGO JR	BOARD MEMBER	1.00	Director	$0	$0	$0
FEDERICO LOPEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
IDA ACUNA GARZA	BOARD MEMBER	1.00	Director	$0	$0	$0
JAIME LONGORIA	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSE A ORTIZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDITH M SOLIS	BOARD MEMBER	1.00	Director	$0	$0	$0
KANE DAWSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHERINE KARSHIS	BOARD MEMBER	1.00	Director	$0	$0	$0
LEO SAENZ	BOARD MEMBER	1.00	Director	$0	$0	$0
LORENA CASTILLO	BOARD MEMBER	1.00	Director	$0	$0	$0
MARISSA Y CANO	BOARD MEMBER	1.00	Director	$0	$0	$0
MARSHA GONZALEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MAURICE WELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
NOEL BENAVIDES JR	BOARD MEMBER	1.00	Director	$0	$0	$0
OSCAR X GUTIERREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK J MCDONNELL	BOARD MEMBER	1.00	Director	$0	$0	$0
RICARDO SALINAS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSA GONZALEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSE BENAVIDEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
RUBI E CANTU	BOARD MEMBER	1.00	Director	$0	$0	$0
SONIA A FALCON	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCISCO ALMARAZ	CHIEF EXECUTIVE OFFICER	43.00	Officer	$190,405	$0	$190,405
MARTIN CUEVAS	CHIEF FINANCIAL OFFICER	42.00	Officer	$123,148	$0	$123,148
FLOR E LEAL	CHIEF OPERATING OFFICER	41.00	Officer	$121,387	$0	$121,387

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	$108,367,990	$108,121,159	$9,546,202	$246,831
2024	$100,302,473	$99,928,056	$12,168,599	$374,417
2023	$95,407,191	$95,216,513	$11,824,680	$190,678
2022	$95,386,747	$95,149,476	$8,185,385	$237,271
2021	$66,497,869	$66,421,550	$5,212,488	$76,319
2020	$74,780,739	$74,797,467	$4,898,642	$-16,728
2019	$62,157,807	$61,991,797	$6,076,118	$166,010
2018	$47,020,287	$46,895,291	$4,712,038	$124,996

LOWER RIO GRANDE VALLEY WORKFORCE DEVELOPMENT BOARD INC