MISSISSIPPI VALLEY WORKFORCE DEVELOPMENT BOARD

EIN: 852305708 501(c)(3) Employment

West Burlington, IA

Total Revenue
$2,578,393
Total Expenses
$2,826,792
Total Assets
$884,679
Net Assets
$884,679
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
IA
Principal Officer
Kirby Phillips
Phone
3192142856
Tax Period
2024-07-01 to 2025-06-30

MISSISSIPPI VALLEY WORKFORCE DEVELOPMENT BOARD, founded in 2020, is a community nonprofit in the Employment sector that reported $2.6M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

The Mississippi Valley Workforce Development Board will achieve our vision through strengthening collaboration with local businesses and jobseekers. We will improve access to our dedicated workforce partners through a fully integrated one-stop delivery system. Decisions will be data driven to enhance our local economies and quality of life for our communities.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,578,393
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,578,393

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,528,402
Fundraising Expenses $0
Program Expenses $2,539,640
Other Expenses $1,298,390
TOTAL EXPENSES $2,826,792

Year-over-Year Comparison

2024 2023 Change
Revenue $2,578,393 $3,298,229 -0.2%
Expenses $2,826,792 $3,306,669 -0.1%
Net Income $-248,399 $-8,440 +28.4%
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

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Governance

Voting Members
19
Independent Members
19
Employees
4
Volunteers
40

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
3
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Miranda Swafford Executive Director 40
Highest
$112,290 $0 $112,290
Jacob Nye Board Member 0.25
Director
$0 $0 $0
Heather Halbrook Board Member 0.25
Director
$0 $0 $0
Joyce Stimpson Board Member 0.25
Director
$0 $0 $0
Martha Bell Board Member 0.25
Director
$0 $0 $0
Stacy Borgeson Board Member 0.5
Director
$0 $0 $0
John Clark Board Member 0.25
Director
$0 $0 $0
Mandy Parchert Board Member 0.25
Director
$0 $0 $0
Chad Pratz Board Member 0.5
Director
$0 $0 $0
Randy Olsen Board Member 0.25
Director
$0 $0 $0
Cory Bergfeld Board Member 0.25
Director
$0 $0 $0
Kimberly Jaber Board Member 0.25
Director
$0 $0 $0
Brian Kryzaniak Board Member 0.25
Director
$0 $0 $0
Regina Matheson Board Member 0.25
Director
$0 $0 $0
Nick Flogel Board Member 0.25
Director
$0 $0 $0
Rick Ernst Board Member 0.25
Director
$0 $0 $0
Ken Reif Board Member 0.25
Director
$0 $0 $0
Ryan Drew Board Member 0.25
Officer
$0 $0 $0
Carol Reynolds Board Member 0.25
Officer
$0 $0 $0
Kirby Phillips Board Member 0.25
Officer
$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 $2,578,393 $2,826,792 $884,679 $-248,399
2024 $3,298,229 $3,306,669 $936,714 $-8,440
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