Okaloosa-walton Jobs and Education Partnership Inc
Nonprofit profile at a glance
- EIN
- 593400826
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Shalimar, FL, USA
- Phone
- 8506512315
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Government and Public Administration
Reported finances
- Revenue
- $2,856,446
- Expenses
- $3,099,512
- Assets
- $747,107
- Liabilities
- $373,143
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- MICHELE BURNS (EXECUTIVE DIRECTOR)
Highest reported compensation
- MICHELE BURNS (EXECUTIVE DIRECTOR): $125,499 total reported compensation
- SHAWN KNOBEL (FINANCE DIRECTOR): $88,470 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 organization's mission is to ensure that every citizen in okaloosa and walton counties has the opportunity and skills necessary to engage in meaningful employment and that businesses have access to educated, trained and prepared employees to meet their organization's needs.
What it reported doing in 2024
Workforce development services are made available through a system of one-stop career centers designed to provide easy access to diverse services including job placement and training and special support services such as transportation.
Operating model
- Revenue model
- Grant-funded. 100% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 84% 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. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 94
- Accountability: 95
- Sustainability: 17
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 92.6%; rating input score 93
- 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; 72nd 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -8.5%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 0.5; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 6.9%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 0.5% per year; rating input score 100; 16th percentile among comparable filings
- Revenue growth: -5.5% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 3.8% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 92.6% of spending went to programs
- Governance: 25 of 25 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.9M in reported program spending
- Leadership: top reported pay $125K · 31 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 10 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 15/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 21/100.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.