J โ€” EmploymentEIN: 550775376ยท 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

๐Ÿ’ฐ
$4.5M
Total Revenue
๐Ÿ“Š
$4.4M
Total Expenses
๐Ÿฆ
$363K
Net Assets
๐Ÿ“‹
$430K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-6.3%
Year-over-year change (2022 โ†’ 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$4,464,362โ†“6%$4,443,353โ†“6%$792,238โ†‘11%
2022$4,765,252โ†‘18%$4,738,187โ†‘19%$715,624โ†‘12%
2021$4,023,259โ†‘12%$3,972,402โ†‘12%$640,993โ†“2%
2020$3,585,708โ†‘1%$3,552,249$652,870โ†‘35%
2019$3,544,027โ†‘13%$3,536,979โ†‘12%$482,719โ†‘11%
2018$3,127,474โ†“4%$3,144,997โ†“2%$434,164โ†‘7%
2017$3,253,772โ†‘17%$3,224,855โ†‘16%$405,123โ†“11%
2016$2,772,128โ†‘19%$2,778,098โ†‘16%$456,183โ†“5%
2015$2,332,872โ†“4%$2,403,363โ†‘5%$482,132โ†“12%
2014$2,431,917โ†“9%$2,285,002โ†“14%$550,381โ†‘72%
2013$2,662,095โ†“17%$2,661,632โ†“16%$319,661โ†‘12%
2012$3,201,214โ†‘13%$3,165,798โ†‘13%$286,033โ†“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?โ–ผ

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?โ–ผ

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?โ–ผ

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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Southwestern West Virginia Region 2 Workforce Development Board Incorp โ€” Huntington, WV | GiveScope