Madera County Workforce Investment Corporation

Nonprofit profile at a glance

EIN
455243432
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Madera, CA, USA
Phone
5596624500
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Vocational Counseling

Official website

Reported finances

Revenue
$3,615,096
Expenses
$3,312,768
Assets
$3,724,414
Liabilities
$2,751,985

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

Leadership & pay

8 people listed

Highest reported compensation

  • Maiknue Vang (Exec Dir/Sec): $136,245 total reported compensation
  • Jessica Roche (Treas/Controll): $119,813 total reported compensation

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

Overview

Mission

Madera County Workforce Investment Corporation provides and invests in a comprehensive array of business and career services, including employment assistance, job training, and skills development that promote economic health and prosperity and support the economic success of businesses, residents, and communities within Madera County.

What it reported doing in 2024

Community Corrections: Madera County Department of Corrections (MCDC) probation and juvenile detention facility Career counseling, career development workshops and assessments are provided on site at the MCDC to improve the vocational aptitude of offenders, both adult and youth while in custody and while on probation, to increase the likelihood of their secured employment and to reduce recidivism. California Department of Corrections and Rehabilitation (CDCR) and Prison to Employment - Prison to employment funding allows local AJCC programs to assist State institutionalized residents nearing parole with skills and needs assessment, labor market data, referrals to appropriate community resources, development of a job search portfolio, and job readiness. Upon release, parolees are then connected to local AJCC centers, where career counselors review their portfolio and skills assessment and are able to connect individuals to job training and/or job placement. The direct partnership between rehabilitative programs within CDCR and the state workforce system will help to improve labor market outcomes and reduce recidivism.

Operating model

Revenue model
Grant-funded. 65% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 90
  • Accountability: 85
  • Sustainability: 46
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.8%; rating input score 77
  • Program expense ratio: 83.8%; rating input score 84
  • 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 13th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8.4%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 1.12; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0.74; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 7.7%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: -2.4% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: 1.2% per year; rating input score 100; 16th percentile among comparable filings
  • Asset growth: 21.5% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 76.8% of revenue deployed · 83.8% of spending went to programs
  • Governance: 6 of 8 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $2.8M in reported program spending
  • Leadership: top reported pay $136K · 8 people listed
  • Highest-paid contractors: 1 contractor listed · $230K reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

Key Signals

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

  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.