Heartland Workforce Investment Board Inc

Nonprofit profile at a glance

EIN
593397632
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Sebring, FL, USA
Phone
8633853672
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Job Training

Reported finances

Revenue
$3,221,866
Expenses
$3,203,574
Assets
$1,926,743
Liabilities
$1,929,905

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

38 people listed

Executive titles in this filing

  • DONNA DOUBLEDAY (PRESIDENT/CEO)

Highest reported compensation

  • DONNA DOUBLEDAY (PRESIDENT/CEO): $131,491 total reported compensation
  • MICHELLE ARENA (CFO): $91,631 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of careersource heartland is to promote and enhance career development opportunities.

What it reported doing in 2024

Wagner-peyser (wp) is the labor exchange program that brings together individuals who are seeking employment and employers who are seeking employees. Careersource heartland staff provides assistance to job seekers to find employment, assists employers in filling jobs, and facilitates the match between job seekers and employers. Services are available for use by all citizens and employers. Resources available for workforce related activities include: computers with internet access to posted classified ads and other job openings, state and local business job applications, initial assessments of skill levels, aptitudes, and abilities, job search and placement assistance, labor market information, employability skills workshops, facsimile and copying services, workspace and phone access, videos on various employment topics, information on veteran services, information on migrant and seasonal farm worker program, and information on educational and training opportunities and financial resources. Services provided to veterans may include assessment, career services, referral to supportive services, referral to job-focused and outcome-driven training, job development services and employer visits, job referrals, and outreach. Careersource heartland centers provide priority of service to veterans and eligible spouses. Priority of service to veterans is defined as the right to take precedence, in the receipt of services and resources, over non-covered persons. Non-covered persons are those determined to not be a veteran or an eligible spouse. Federal regulation requires that states ensure the provision of quality employment services to migrant and seasonal farm workers (msfws). The state of Florida assures compliance through the local workforce development boards (lwdb), and including careersource heartland. Due to significant agricultural activity and large numbers of msfw applicants, careersource heartland has one career center designated as a significant msfw area in Florida (the hardee county one-stop career center). One-full time, year-round staff member conducts outreach activities to accomplish maximum penetration into the farm worker population. The outreach specialist informs msfws about services and employment opportunities, and provides referrals for support services, job placement, and job training.careersource heartland (csh) received a wioa state-level sector-based training initiatives grant for agriculture technology (ag tech). The purpose of this grant was to identify local businesses that are focused on the ag. Tech industry, to gather business intelligence on their workforce-related training needs, and to assist those businesses with identifying and/or funding available training to meet those needs. Csh received a wioa state-level artificial intelligence (ai) incumbent worker training grant for the provision of continuing education and training to local manufacturers' employees who are at risk of losing their jobs due to automation or artificial intelligence. Csh received a state funded non-custodial parent employment program grant to assist unemployed or underemployed non-custodial parents who have difficulty meeting child support obligations. The goal of the assistance provided is to help these individuals become self-sufficient and establish a successful pattern of paying child support obligations.

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 69% for direct work, and 31% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 94
  • Accountability: 95
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.8%; rating input score 85
  • Program expense ratio: 85.3%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 44th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.6%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 7%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: 4.1% per year; rating input score 100; 34th percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: 18.6% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 84.8% of revenue deployed · 85.3% of spending went to programs
  • Governance: 30 of 30 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $2.7M in reported program spending
  • Leadership: top reported pay $131K · 38 people listed
  • Highest-paid contractors: 1 contractor listed · $192K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • Moderate — Sustainability: Officer compensation ratio scored 42/100.