Mississippi Valley Workforce Development Board

Nonprofit profile at a glance

EIN
852305708
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
West Burlington, IA, USA
Phone
3192142856
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Official website

Reported finances

Revenue
$2,578,393
Expenses
$2,826,792
Assets
$884,679
Liabilities
$0

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

Leadership & pay

20 people listed

Executive titles in this filing

  • Miranda Swafford (Executive Director)

Highest reported compensation

  • Miranda Swafford (Executive Director): $112,290 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 Mississippi Valley Workforce Development Board will achieve our vision through strengthening collaboration with local businesses and jobseekers. We will improve access to our dedicated workforce partners through a fully integrated one-stop delivery system. Decisions will be data driven to enhance our local economies and quality of life for our communities.

What it reported doing in 2024

The Workforce Innovation and Opportunity Act (WIOA) Youth program is a federally funded initiative in the United States that offers a range of comprehensive services to young people to help them overcome barriers, acquire necessary skills, and succeed in education, training, and employment. The WIOA Youth program targets individuals between the ages of 14 and 24 who face challenges in entering the workforce or advancing their careers. Specific services provided by the WIOA Youth program include:: 1. Tutoring and Study Skills Assistance: The program may offer tutoring and study skills support to help participants improve their academic performance and achieve educational goals. 2. Alternative Education: For young people who have dropped out of traditional school settings, the program may provide access to alternative education options, such as GED programs or alternative schools. 3. Paid and Unpaid Work Experience: Participants may have the opportunity to gain real-world work experience through paid or unpaid internships, apprenticeships, or job shadowing. 4. Occupational Skills Training: The program may fund or subsidize the cost of vocational or occupational skills training programs to equip participants with relevant job-specific skills. 5. Leadership Development: The WIOA Youth program often includes leadership development activities to enhance participants' soft skills, communication abilities, and leadership potential. 6. Supportive Services: Eligible youth may receive supportive services, such as transportation assistance, child care support, and other resources to help them overcome barriers to participation. 7. Mentoring and Coaching: The program may pair participants with mentors or coaches who provide guidance, support, and encouragement throughout their educational and career journey. 8. Comprehensive Guidance and Counseling: Youth participants receive comprehensive guidance and counseling services to help them identify their career interests, set goals, and develop a career plan. 9. Financial Literacy Education: The program may offer financial literacy workshops to help youth understand basic financial concepts and develop responsible money management skills. 10. Job Search Assistance: The WIOA Youth program provides job search assistance, including job matching, job referrals, and placement services to help participants secure employment. 11. Follow-up Services: After participants have found employment or completed their education and training, the program may offer follow-up services to ensure their continued success and address any challenges that arise.

Operating model

Revenue model
Grant-funded. 97% 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.

The verdict

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

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 81
  • Accountability: 100
  • Sustainability: 28
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.5%; rating input score 98
  • Program expense ratio: 89.8%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 4th 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: 100%; rating input score 100; 63rd 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: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -9.6%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 0.31; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: 4%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: -14.1% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -24.5% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -5.7% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 98.5% of revenue deployed · 89.8% of spending went to programs
  • Governance: 19 of 19 board members independent · 8 of 8 filing controls reported
  • Programs: 5 filed program accomplishments · $2.5M in reported program spending
  • Leadership: top reported pay $112K · 20 people listed
  • Highest-paid contractors: 1 contractor listed · $113K reported
  • Consistency: 23 of 24 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 14/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.