Myworkforcefuture Inc
Nonprofit profile at a glance
- EIN
- 850679893
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2021
- Location
- Bowling Green, KY, USA
- Phone
- 2707453905
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Employment Procurement Assistance
Reported finances
- Revenue
- $167,826
- Expenses
- $87,079
- Assets
- $140,422
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- JON SOWARDS (PRESIDENT)
People named in this filing
- TAMMY COSTFELLOW (BOARD CHAIR)
- JON SOWARDS (PRESIDENT)
- PAUL WHERRY (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to build sustainable solutions to talent pipeline challenges through registered apprenticeships.
What it reported doing in 2024
Myworkforcefuture inc. Is a one-stop service to find talent, training, and mentorship. This one-stop approach builds sustainable talent solutions for employers as well as a meaningful upward career trajectory for apprentices. The opposite of a staffing agency, myworkforcefuture inc. Is a non-profit enterprise that invests resources back into sustainable training solutions and is committed to changing the future of talent development.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- 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 total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 82
- Sustainability: 72
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.8%; rating input score 52
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 48.1%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 1.61; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -51.8% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: 6.7% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 70.4% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 51.8% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $87K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- High — Growth: Program expense growth scored 0/100.