NORTH EAST IOWA LOCAL WORKFORCE DEVELOPMENT BOARD (EIN 923074163) - 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

Taylor Williams

Phone

5152913693

Tax Period

2024-07-01 to 2025-06-30

NORTH EAST IOWA LOCAL WORKFORCE DEVELOPMENT BOARD, founded in 2023, is a small nonprofit in the Employment sector that reported $763K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring.

Mission

NORTHEAST IOWA LOCAL WORKFORCE DEVELOPMENT BOARD SERVES AS THE STRATEGIC LEADER TO IMPLEMENT THE WORKFORCE INNOVATION AND OPPORTUNITY ACT FOR TWENTY COUNTIES.THE BOARD PARTNERS WITH EMPLOYERS AND SYSTEM STAKEHOLDERS TO DEVELOP POLICIES AND INVESTMENTS THAT SUPPORT THE PUBLIC WORKFORCE SYSTEM.

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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 $760,597

Program Service Revenue $2,810

Investment Income $0

Other Revenue $0

TOTAL REVENUE $763,407

Expense Breakdown

Grants Paid $314,889

Salaries & Benefits $296,489

Fundraising Expenses $0

Program Expenses $545,861

Other Expenses $151,929

TOTAL EXPENSES $763,307

Year-over-Year Comparison

	2024	2023	Change
Revenue	$763,407	$1,987,840	-0.6%
Expenses	$763,307	$1,964,997	-0.6%
Net Income	$100	$22,843	-1.0%

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

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

Total Directors

Key Employees

$214,766

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Taylor Williams	Executive Director	40	Key Emp	$96,578	$0	$96,578
Erika Lippmann	Associate Director/Equal Opportunity Officer	40	Key Emp	$66,918	$0	$66,918
Caraline Eggena	Compliance Specialist	40	Key Emp	$51,270	$0	$51,270
Jamie Benson	Director	0.5	Director	$0	$0	$0
Ashley Stanley	Director	0.5	Director	$0	$0	$0
Nick Anderson	Director	0.5	Director	$0	$0	$0
Jennifer Breister	Director	1	Director	$0	$0	$0
Jayme Kluesner	Director	0.5	Director	$0	$0	$0
Katrina Moore	Director	1	Director	$0	$0	$0
Jennalee Pedretti	Director	0.5	Director	$0	$0	$0
Hortencia Saldivar	Director	0.5	Director	$0	$0	$0
Amber Youngblut	Director	1	Director	$0	$0	$0
Jennifer Meneguin	Director	0.5	Director	$0	$0	$0
Dennis Schilling	Director	0.5	Director	$0	$0	$0
Dan Gleason	Director	0.5	Director	$0	$0	$0
Joleen Jansen	Director	0.5	Director	$0	$0	$0
Chuck Kacher	Director	0.5	Director	$0	$0	$0
Rhea Pierce	Director	0.5	Director	$0	$0	$0
Tim Felderman	Director	0.5	Director	$0	$0	$0
Jeri Bell	Director	0.5	Director	$0	$0	$0
Joey Purpura	Director	0.5	Director	$0	$0	$0
Laura Hidlebaugh	Director	0.5	Director	$0	$0	$0
Karla Organist	Director	0.5	Director	$0	$0	$0
Erin Powers Daley	Director	0.5	Director	$0	$0	$0
Nicholas Hockenberry	Director	1	Director	$0	$0	$0
Ed Raber	Director	1	Director	$0	$0	$0
Marla Loecke	Director	0.5	Director	$0	$0	$0
Jason Rubel	Director	1	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	$763,407	$763,307	$252,023	$100
2025	$1,064,599	$1,070,511	$667,204	$-5,912
2024	$1,987,840	$1,964,997	$251,923	$22,843
2023	$481,501	$481,798	$229,080	$-297

NORTH EAST IOWA LOCAL WORKFORCE DEVELOPMENT BOARD