Workforce Solutions Rural Capital Area
Legal name: Rural Capital Area Workforce Development Board
Nonprofit profile at a glance
- EIN
- 742487795
- IRS 990 coverage
- 2017–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Round Rock, TX, US
- Phone
- 1-844-344-2780
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Job Training
Reported finances
- Revenue
- $59,313,645
- Expenses
- $59,382,628
- Assets
- $10,831,625
- Liabilities
- $10,480,225
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
42 people listed
Executive titles in this filing
- Paul Fletcher (CEO)
Highest reported compensation
- Paul Fletcher (CEO): $295,527 total reported compensation
- Diane Tackett (COO): $210,050 total reported compensation
- Eric Stansfield (CIO): $178,405 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Workforce Solutions Rural Capital Area is a nonprofit community partnership providing no-cost recruitment, employment services, and childcare assistance to businesses and job seekers in Central Texas.
What it reported doing in 2024
To provide assistance and training to low income job seekers und the provision of the TANF/Choices program
Operating model
- Revenue model
- Grant-funded. 99% of the money available for current operations came from government grants.
- Distribution model
- Grant intermediary. The nonprofit sent 77% of its reported program spending out as grants.
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: 86
- Transparency & Controls: 79
- Accountability: 95
- Sustainability: 19
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.4%; rating input score 97
- Program expense ratio: 97.3%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th 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; 77th 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: -0.1%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 0.18; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0.97; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 3%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 12.6% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 12.5% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 19.8% per year; rating input score 100; 93rd percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 9 operating locations identified
- Where the money goes: 97.4% of revenue deployed · 97.3% of spending went to programs
- Governance: 29 of 29 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $57.8M in reported program spending
- Leadership: top reported pay $296K · 42 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $39.1M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 21 filed money-flow records
- Related organizations: 10 filed related-organization links
- 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 — Sustainability: Operating margin scored 26/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.