EAST CENTRAL IOWA LOCAL WORKFORCE DEVELOPMENT BOARD (EIN 922742092) - 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

2023

Legal Domicile

Principal Officer

Timothy J Carson

Phone

3193615691

Tax Period

2024-07-01 to 2025-06-30

EAST CENTRAL IOWA LOCAL WORKFORCE DEVELOPMENT BOARD, founded in 2023, is a community nonprofit in the Employment sector that reported $1.6M in total revenue in fiscal year 2024.

Mission

The Workforce Innovation and Opportunity Act (WIOA) adult program, delivered in partnership with Kirkwood Community College and the East Central Iowa Workforce Development Board (ECIWDB), supports individuals aged 18 and above who face barriers to employment. The program aims to build economic opportunities and workforce integration by providing essential skills and resources for quality and sustainable employment.EligibilityApplicants must be 18 or older and meet WIOA criteria, ensuring the program serves those with the greatest need, including individuals experiencing unemployment, low income, limited education, disabilities, or other significant challenges.Key ServicesCareer counseling and guidanceSkill assessment and developmentTraining programs and certificationsJob placement assistanceSupport services addressing unique barriers (e.g., transportation, childcareProgram Impact (Current Year)Adults served: 156Average program performance compared to state negotiated level: 113%The Wor

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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 $1,586,231

Program Service Revenue $0

Investment Income $1,323

Other Revenue $0

TOTAL REVENUE $1,587,554

Expense Breakdown

Grants Paid $1,423,714

Salaries & Benefits $113,303

Fundraising Expenses $950

Program Expenses $1,454,933

Other Expenses $68,478

TOTAL EXPENSES $1,606,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,587,554	$1,479,767	+0.1%
Expenses	$1,606,445	$1,373,144	+0.2%
Net Income	$-18,891	$106,623	-1.2%

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

$89,219

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Rodriguez	Executive Dir.	40.00	Officer	$82,804	$6,415	$89,219
Anna Hovey	Executive Assistant	31.00		$32,951	$0	$32,951
Joan Johnson	Admin Assistant	30.00		$1,249	$0	$1,249
Jonathon Brinson	Director	0.08	Director	$0	$0	$0
Matthew Auliff	Director	0.25	Director	$0	$0	$0
Erica Bellach	Director	0.25	Director	$0	$0	$0
John DeLany	Director	0.08	Director	$0	$0	$0
Ashley Ferguson	Director	2.00	Director	$0	$0	$0
Christine Gust	Director	1.00	Director	$0	$0	$0
Stephanie Hasakis-Flaucher	Director	0.08	Director	$0	$0	$0
Dean Houdshell	Director	0.08	Director	$0	$0	$0
Ryan Larson	Director	0.50	Director	$0	$0	$0
Holly Mateer	Director	0.08	Director	$0	$0	$0
Scott Mather	Director	0.08	Director	$0	$0	$0
Stefanie Munsterman	Director	0.08	Director	$0	$0	$0
Dan Perez	Director	0.08	Director	$0	$0	$0
Robert Rathje	Director	0.50	Director	$0	$0	$0
Carl McCoy	Director	0.08	Director	$0	$0	$0
Rick Moyle	Director	0.08	Director	$0	$0	$0
Mike Sadler II	Director	0.08	Director	$0	$0	$0
Ty Reckling	Director	0.50	Director	$0	$0	$0
Chasity Rojas	Director	0.00	Director	$0	$0	$0
Ana Stomp	Director	0.00	Director	$0	$0	$0
Lucy Steele Schneekloth	Director	0.25	Director	$0	$0	$0
Holly Stevenson	Director	0.00	Director	$0	$0	$0
Tim Carson	Executive Dir.	40.00	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	$1,587,554	$1,606,445	$87,732	$-18,891
2024	$1,479,767	$1,373,144	$106,623	$106,623
2023	$866,959	$866,959	No data	No data

EAST CENTRAL IOWA LOCAL WORKFORCE DEVELOPMENT BOARD