Is Northern Indiana Workforce Board Inc Legit?

Quick charity verification for Northern Indiana Workforce Board Inc (EIN: 205089846)

Verdict: Northern Indiana Workforce Board Inc appears trustworthy

92/100Mission Score
$7.6MRevenue
$2.4MAssets
1Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Northern Indiana Workforce Board Inc allocates its funds across programs, administration, and fundraising.

90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Northern Indiana Workforce Board Inc

Is Northern Indiana Workforce Board Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Northern Indiana Workforce Board Inc (EIN: 205089846) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.

Is Northern Indiana Workforce Board Inc a good charity to donate to?

Northern Indiana Workforce Board Inc has a Mission Score of 92/100. Revenue: $7.6M. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Northern Indiana Workforce Board Inc?

The Employer Identification Number (EIN) for Northern Indiana Workforce Board Inc is 205089846. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Northern Indiana Workforce Board Inc spend its money?

Northern Indiana Workforce Board Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Northern Indiana Workforce Board Inc's tax-exempt status?

You can verify Northern Indiana Workforce Board Inc's tax-exempt status using EIN 205089846 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Northern Indiana Workforce Board Inc. demonstrates consistent financial activity, with revenues and expenses closely matched across all reported periods. For example, in 2023, revenues were $7,026,055 against expenses of $7,288,713, indicating a slight deficit but generally operating near break-even. The organization has shown steady growth in assets, increasing from $871,317 in 2014 to $2,075,290 in 2023, suggesting prudent financial management and accumulation of resources. Liabilities have also increased proportionally, maintaining a healthy balance sheet where assets significantly exceed liabilities. Spending efficiency appears strong, as the organization consistently expends nearly all its revenue on its operations, aligning with its mission as a workforce development entity. The consistent reporting of 0% officer compensation across all filings is a significant indicator of transparency and a commitment to directing funds towards programmatic activities rather than executive salaries. This practice is highly commendable for a nonprofit of its size and mission. Overall, the Northern Indiana Workforce Board Inc. exhibits sound financial health, efficient spending practices, and a high degree of transparency, particularly concerning executive compensation. Its consistent financial performance and asset growth, coupled with its operational model, suggest a well-managed organization effectively utilizing its resources for its stated purpose.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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