INSTITUTE FOR WORKFORCE DEVELOPMENT (EIN 912140837) - 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

Principal Officer

KRIS JOHNSON

Phone

3609431600

Tax Period

2023-10-01 to 2024-09-30

INSTITUTE FOR WORKFORCE DEVELOPMENT, founded in 2001, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 127% from the prior year, signaling strong growth momentum. The organization ran a surplus of $667K, a strong 49% operating margin.

Mission

PROVIDING THE BUSINESS COMMUNITY WITH THE TOOLS AND RESOURCES TO BUILD A STRONG WORKFORCE.

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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 $1,008,583

Program Service Revenue $350,170

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,358,753

Expense Breakdown

Grants Paid $45,390

Salaries & Benefits $145,099

Fundraising Expenses $0

Program Expenses $579,169

Other Expenses $501,017

TOTAL EXPENSES $691,506

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,358,753	$598,796	+1.3%
Expenses	$691,506	$684,717	+0.0%
Net Income	$667,247	$-85,921	-8.8%

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

N/A

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

$828,603

Total Directors

$828,603

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTOFER JOHNSON	SECRETARY-TREASURER	2.00	Officer Director	$0	$158,564	$828,603
TIM SCHAUER	CHAIR	1.00	Officer Director	$0	$0	$0
ALISHA BENSON	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
CLIF MCKENZIE	DIRECTOR	1.00	Director	$0	$0	$0
FRAN ERSKINE	DIRECTOR	1.00	Director	$0	$0	$0
TOM SWANSON	DIRECTOR	1.00	Director	$0	$0	$0
JAN YOSHIWARA	DIRECTOR	1.00	Director	$0	$0	$0
JESICA KISER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MCDONAGH	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MARSH	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN KEMAK	DIRECTOR	1.00	Director	$0	$0	$0
LORI MATTSON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SCHWENK	DIRECTOR	1.00	Director	$0	$0	$0
PAULA LINNEN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MULLIN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN PERSON	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
2024	$1,358,753	$691,506	$1,202,510	$667,247
2023	$598,796	$684,717	$502,837	$-85,921
2022	$807,985	$558,718	$638,758	$249,267
2021	$588,266	$503,984	$339,491	$84,282
2020	$636,301	$488,115	$255,208	$148,186

INSTITUTE FOR WORKFORCE DEVELOPMENT