J — EmploymentEIN: 550775376· Ruling Year: 2001

Southwestern West Virginia Region 2 Workforce Development Board Incorp

Huntington, West Virginia

BHealth Score
61B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

💰
$4.5M
Total Revenue
📊
$4.4M
Total Expenses
🏦
$363K
Net Assets
📋
$430K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-6.3%
Year-over-year change (2022 → 2023)
Net Margin
+0.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.08
Net assets divided by total expenses
Liabilities-to-Assets
54.2%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$4,464,362↓6%$4,443,353↓6%$792,238↑11%
2022$4,765,252↑18%$4,738,187↑19%$715,624↑12%
2021$4,023,259↑12%$3,972,402↑12%$640,993↓2%
2020$3,585,708↑1%$3,552,249$652,870↑35%
2019$3,544,027↑13%$3,536,979↑12%$482,719↑11%
2018$3,127,474↓4%$3,144,997↓2%$434,164↑7%
2017$3,253,772↑17%$3,224,855↑16%$405,123↓11%
2016$2,772,128↑19%$2,778,098↑16%$456,183↓5%
2015$2,332,872↓4%$2,403,363↑5%$482,132↓12%
2014$2,431,917↓9%$2,285,002↓14%$550,381↑72%
2013$2,662,095↓17%$2,661,632↓16%$319,661↑12%
2012$3,201,214↑13%$3,165,798↑13%$286,033↓20%
2011$2,821,330$2,813,030$358,934

Frequently Asked Questions

What does Southwestern West Virginia Region 2 Workforce Development Board Incorp do?▼

Southwestern West Virginia Region 2 Workforce Development Board Incorp is a employment nonprofit organization based in West Virginia. It is classified under NTEE code J20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Southwestern West Virginia Region 2 Workforce Development Board Incorp financially healthy?▼

Based on our 9-metric Financial Health Score model, Southwestern West Virginia Region 2 Workforce Development Board Incorp has a score of 61/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Southwestern West Virginia Region 2 Workforce Development Board Incorp generate?▼

Southwestern West Virginia Region 2 Workforce Development Board Incorp reports $2.2M in annual revenue and holds $604K in total assets, based on IRS filings.

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