LOCAL WORKFORCE INVESTMENT AREA II… - 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

2003

Legal Domicile

Principal Officer

ROHIT DHAKAL

Phone

9135775900

Tax Period

2023-07-01 to 2024-06-30

LOCAL WORKFORCE INVESTMENT AREA III INC, founded in 2003, is a community nonprofit in the Employment sector that reported $5.3M in total revenue in fiscal year 2023. Expenses of $5.1M left a modest 5% surplus.

Mission

TO LEAD A SYSTEM THAT PRODUCES A HIGH QUALITY WORKFORCE CAPABLE OF MEETING THE CHANGING NEEDS OF EMPLOYERS IN THE KANSAS CITY AREA

Program Service Accomplishments

Program 1

Expenses: $2,324,468

WIOA - TO INCREASE THE REGION'S NETWORK OF EMPLOYMENT AND TRAINING OPPORTUNITIES IN ORDER TO PROVIDE THE NECESSARY SKILLS AND TRAINING FOR LOW INCOME PARTICIPANTS AND DISLOCATED WORKERS TO BECOME...

WIOA - TO INCREASE THE REGION'S NETWORK OF EMPLOYMENT AND TRAINING OPPORTUNITIES IN ORDER TO PROVIDE THE NECESSARY SKILLS AND TRAINING FOR LOW INCOME PARTICIPANTS AND DISLOCATED WORKERS TO BECOME SELF SUFFICIENT.

Program 2

Expenses: $1,292,414

THE AMERICAN RESCUE PLAN ACT (ARPA) PROVIDED CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS (SLFRF) TO UNIFIED GOVERNMENT OF WYANDOTTE COUNTY AND JOHNSON COUNTY. PORTIONS OF THESE FUNDS WERE...

THE AMERICAN RESCUE PLAN ACT (ARPA) PROVIDED CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS (SLFRF) TO UNIFIED GOVERNMENT OF WYANDOTTE COUNTY AND JOHNSON COUNTY. PORTIONS OF THESE FUNDS WERE GRANTED TO THE ORGANIZATION TO TRAIN, UPSKILL, AND RESKILL ELIGIBLE WYANDOTTE AND JOHNSON COUNTY RESIDENTS AND PROVIDE WRAP-AROUND SERVICES TO FILL IN-DEMAND JOBS IN PRIORITY SECTORS AS WELL AS OTHER HIGH DEMAND OCCUPATIONS.

Program 3

Expenses: $352,731

THE ORGANIZATION WAS A SUB-GRANTEE OF A FEDERAL PATHWAY HOME GRANT TO OPERATE THE RESPECTWORKS PROGRAM WITHIN ITS SERVICE AREA. THIS PROGRAM FOCUSES ON DELIVERING COMPREHENSIVE RE-ENTRY AND WORKFORCE DEVELOPMENT SERVICES, INCLUDING TRAINING AND SUPPORTIVE SERVICES, TO INDIVIDUALS BOTH PRE- AND POST-RELEASE FROM INCARCERATION FROM A STATE PRISON.

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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 $5,108,049

Program Service Revenue $0

Investment Income $0

Other Revenue $223,901

TOTAL REVENUE $5,331,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,610,594

Fundraising Expenses $0

Program Expenses $4,872,947

Other Expenses $2,477,060

TOTAL EXPENSES $5,087,654

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,331,950	$4,965,098	+0.1%
Expenses	$5,087,654	$4,909,733	+0.0%
Net Income	$244,296	$55,365	+3.4%

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

$152,449

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WADE KIEFER	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL DECKER	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY PATTISON	DIRECTOR	1.00	Director	$0	$0	$0
WALLACE VAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ELLIOTT	DIRECTOR	1.00	Director	$0	$0	$0
GREG KINDLE	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE ROBERTS-BAUER	TREASURER	1.00	Officer Director	$0	$0	$0
MELISSA BENNETT	CHAIR	2.00	Officer Director	$0	$0	$0
TODD JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
GAIL SCHUETZ	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM HOLVERSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HUTZENBUHLER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JENNIFER BALL	DIRECTOR	1.00	Director	$0	$0	$0
ANISSA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
GINA CREEK	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE DYKSTRA	DIRECTOR	1.00	Director	$0	$0	$0
KAREN LAUBE	DIRECTOR	1.00	Director	$0	$0	$0
LISA STOOTHOFF	DIRECTOR	1.00	Director	$0	$0	$0
RANDY REINHARDT	DIRECTOR	1.00	Director	$0	$0	$0
KEELY SCHNEIDER	EXECUTIVE DIRECTOR	40.00	Officer	$135,263	$17,186	$152,449

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	$5,331,950	$5,087,654	$1,088,488	$244,296
2023	$4,965,098	$4,910,003	$580,468	$55,095
2022	$5,008,449	$5,292,651	$233,638	$-284,202
2021	$5,852,812	$5,424,581	$530,275	$428,231
2020	$4,207,383	$4,147,767	$114,479	$59,616
2019	$4,027,071	$4,107,671	$67,297	$-80,600
2018	$3,619,344	$3,588,625	$149,568	$30,719

LOCAL WORKFORCE INVESTMENT AREA III INC