NORTHERN AREA LOCAL WORK FORCE Development Board (EIN 850477634) - 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

2001

Legal Domicile

Phone

5059860363

Tax Period

2023-01-01 to 2023-12-31

NORTHERN AREA LOCAL WORK FORCE Development Board, founded in 2001, is a community nonprofit in the Employment sector that reported $4.8M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

Provide workforce training and development to citizens of Northern New Mexico.

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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 $4,761,002

Program Service Revenue $0

Investment Income $0

Other Revenue $1,625

TOTAL REVENUE $4,762,627

Expense Breakdown

Grants Paid $1,434,804

Salaries & Benefits $381,692

Fundraising Expenses $0

Program Expenses $4,173,873

Other Expenses $2,944,434

TOTAL EXPENSES $4,760,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,762,627	$6,344,668	-0.2%
Expenses	$4,760,930	$6,344,855	-0.2%
Net Income	$1,697	$-187	-10.1%

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

231

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

$82,439

Total Directors

$89,174

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Ortiz	Executive Dir.	40.00	Officer Director	$79,704	$0	$79,704
Joseph Weathers	Chairman	4.00	Officer Director	$2,275	$0	$2,275
Floyd Archuleta	Director	1.00	Director	$2,225	$0	$2,225
Pablo Lujan	Director	1.00	Director	$1,420	$0	$1,420
David Romero	Director	1.00	Director	$1,270	$0	$1,270
Vince Howell	Director	2.00	Director	$985	$0	$985
Sean Medrano	Director	1.00	Director	$645	$0	$645
Jon Paul Romero	Vice Chairman	1.00	Officer Director	$460	$0	$460
Krutik Bhakta	Director	1.00	Director	$190	$0	$190
Patricia Maule	Director	1.00	Director	$0	$0	$0
Rebecca Estrada	Director	1.00	Director	$0	$0	$0
Sarah Boisvert	Director	0.00	Director	$0	$0	$0
Kriten Krell	Director	0.00	Director	$0	$0	$0
Chris Madrid	Director	0.00	Director	$0	$0	$0
Lorenzo Reyes	Director	0.00	Director	$0	$0	$0
Jolene Nelson	Secretary	1.00	Officer Director	$0	$0	$0
Mario Lucero	Director	1.00	Director	$0	$0	$0
Kevin Romero	Director	1.00	Director	$0	$0	$0
Maria Herrera	Director	1.00	Director	$0	$0	$0
Eileen Yarborough	Director	0.00	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	No data	No data	No data	No data
2023	$4,762,627	$4,760,930	$216,946	$1,697
2022	$6,344,668	$6,344,855	$220,258	$-187
2021	$4,682,823	$4,683,652	$314,154	$-829
2020	$4,747,345	$4,725,088	$63,154	$22,257
2019	$4,458,964	$4,449,729	$317,729	$9,235
2018	$3,583,002	$3,583,002	$302,247	No data

NORTHERN AREA LOCAL WORK FORCE Development Board