LOWER RIO GRANDE VALLEY WORKFORCE DEVELOPMENT BOARD INC (EIN 742940085) - 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

FRANCISCO ALMARAZ

Phone

9569285000

Tax Period

2023-10-01 to 2024-09-30

LOWER RIO GRANDE VALLEY WORKFORCE DEVELOPMENT BOARD INC, founded in 2000, is a major nonprofit in the Employment sector that reported $100.3M in total revenue in fiscal year 2023.

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 COMPTETITIVE ADVANTAGE.

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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 $100,292,098

Program Service Revenue $10,375

Investment Income $0

Other Revenue $0

TOTAL REVENUE $100,302,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,141,431

Fundraising Expenses $0

Program Expenses $97,964,970

Other Expenses $96,786,625

TOTAL EXPENSES $99,928,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$100,302,473	$95,407,191	+0.1%
Expenses	$99,928,056	$95,216,513	+0.0%
Net Income	$374,417	$190,678	+1.0%

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

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

$423,660

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
FREDERICO 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	44.00	Officer	$184,952	$0	$184,952
MARTIN CUEVAS	CHIEF FINANCIAL OFFICER	42.00	Officer	$122,648	$0	$122,648
FLOR E LEAL	CHIEF OPERATING OFFICER	42.00	Officer	$116,060	$0	$116,060

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	$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