SCKY FOUNDATION FOR WORKFORCE DEVELOPMENT INC (EIN 812957134) - 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

2016

Legal Domicile

Principal Officer

JON SOWARDS

Phone

2707453906

Tax Period

2024-07-01 to 2025-06-30

SCKY FOUNDATION FOR WORKFORCE DEVELOPMENT INC, founded in 2016, is a community nonprofit in the Employment sector that reported $3.6M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $3.5M left a modest 4% surplus.

Mission

THE MISSION OF SCKY FOUNDATION FOR WORKFORCE DEVELOPMENT, INC. IS TO CREATE A SYSTEM TO LINK ECONOMIC DEVELOPMENT, WORKFORCE AND EDUCATION TO FOCUS ON LONG TERM GROWTH AND SKILLS DEVELOPMENT STRATEGY. IT SEES THAT EVERYONE WHO WANTS TO WORK HAS A PLACE TO WORK AND THAT EVERYONE WHO WANTS TO WORK HAS THE TRAINING AND SKILLS TO WORK.

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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 $3,605,583

Program Service Revenue $29,542

Investment Income $958

Other Revenue $11,245

TOTAL REVENUE $3,647,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $805,755

Fundraising Expenses $0

Program Expenses $3,178,822

Other Expenses $2,694,078

TOTAL EXPENSES $3,499,833

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,647,328	$3,055,327	+0.2%
Expenses	$3,499,833	$3,077,444	+0.1%
Net Income	$147,495	$-22,117	-7.7%

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

$124,235

Total Directors

$124,235

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON SOWARDS	CEO	40.00	Officer Director	$124,235	$0	$124,235
SAM FORD	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
BETHANY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BOGGS	DIRECTOR	1.00	Director	$0	$0	$0
DONNA RICHTER	DIRECTOR	1.00	Director	$0	$0	$0
KAYLA BYRD	DIRECTOR	1.00	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	$3,647,328	$3,499,833	$797,956	$147,495
2024	$3,055,327	$3,077,444	$640,386	$-22,117
2023	$3,529,374	$3,592,645	$677,049	$-63,271

SCKY FOUNDATION FOR WORKFORCE DEVELOPMENT INC