Northeast Workforce Development Board Inc
Nonprofit profile at a glance
- EIN
- 470926983
- IRS 990 coverage
- 2012–2023
- Forms available
- Form 990 2023, Form 990-EZ 2016
- Location
- Catoosa, OK, USA
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $1,563,529
- Expenses
- $1,555,091
- Assets
- $380,503
- Liabilities
- $192,111
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
19 people listed
People named in this filing
- CASI MARTIN (BOARD MEMBER)
- ROBBIN ROGERS COX (BOARD MEMBER)
- SARAH HAYES (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The northeast workforce development board, inc. Meets quarterly to establish policies and goals to provide guidance and to evaluate the performance of the service provider and fiscal agency currently operating under the workforce innovation and opportunity act of 2014.
What it reported doing in 2023
Northeast workforce development board, inc. (newdb) oversees the administration of the workforce workforce innovation and opportunity act - adult, youth, disolcated worker and trade adjustment assistance programs for the northeast Oklahoma area.
Operating model
- Revenue model
- Grant-funded. 85% 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
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: 78
- Transparency & Controls: 93
- Accountability: 100
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.8%; rating input score 88
- Program expense ratio: 88.3%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- 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: 7 of 7 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: 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: 0.5%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0.5; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 17.4% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 15.2% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 15.6% per year; rating input score 100; 73rd percentile among comparable filings
Details
- Where the money goes: 87.8% of revenue deployed · 88.3% of spending went to programs
- Governance: 23 of 23 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $0 · 19 people listed
- Consistency: 22 of 24 current checks pass · 2 findings to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 10 filing years from 2012 to 2023
- 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.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule D expense reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 16/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.