Cattaraugus Allegny Workforce Investment Board Inc

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Cattaraugus Allegny Workforce Investment Board Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Cattaraugus Allegny Workforce Investment Board Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Cattaraugus Allegny Workforce Investment Board Inc in one place.

Is Cattaraugus Allegny Workforce Investment Board Inc Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Cattaraugus Allegny Workforce Investment Board Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Cattaraugus Allegny Workforce Investment Board Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Cattaraugus Allegny Workforce Investment Board Inc

Cattaraugus Allegny Workforce Investment Board Inc (EIN: 161594235) is a nonprofit organization based in Olean, NY, classified under NTEE code J20. The organization reported total revenue of $1.8M and total assets of $375K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cattaraugus Allegny Workforce Investment Board Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Cattaraugus Allegny Workforce Investment Board Inc is a mid-size nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.9%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2024, Cattaraugus Allegny Workforce Investment Board Inc reported a deficit of $546 with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 93.1% (high leverage).

Financial Trends

Over 14 years of filings (2011–2024), Cattaraugus Allegny Workforce Investment Board Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Cattaraugus Allegny Workforce Investment Board Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 8%
• programs: 90%
• fundraising: 2%

According to IRS 990 filings, Cattaraugus Allegny Workforce Investment Board Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $546, with expenses exceeding revenue.
• Debt-to-asset ratio: 93.1%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests either a volunteer leadership model or compensation is categorized differently, enhancing the perception of financial efficiency.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Cattaraugus Allegny Workforce Investment Board Inc's IRS 990 filings:

• Unusually low liabilities relative to assets in some periods, which could indicate minimal operational debt or specific funding structures.

Strengths

The following positive indicators were identified for Cattaraugus Allegny Workforce Investment Board Inc:

• Consistent 0% officer compensation, indicating high efficiency in directing funds to mission.
• Revenues consistently match expenses, demonstrating sound financial management.
• Growing asset base, from $97,463 in 2022 to $323,630 in 2024, indicating improved financial health.
• Long filing history (14 filings) shows sustained operation and transparency.

Frequently Asked Questions about Cattaraugus Allegny Workforce Investment Board Inc

Filing History

IRS 990 filing history for Cattaraugus Allegny Workforce Investment Board Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Cattaraugus Allegny Workforce Investment Board Inc's revenue has declined by 21.9%, moving from $1.7M to $1.3M. Total assets increased by 38.2% over the same period, from $234K to $324K. Total functional expenses fell by 21.9%, from $1.7M to $1.3M. In its most recent filing year (2024), Cattaraugus Allegny Workforce Investment Board Inc reported a deficit of $546, with expenses exceeding revenue. The organization holds $301K in liabilities against $324K in assets (debt-to-asset ratio: 93.1%), resulting in net assets of $22K.

Year-by-Year Financial Summary

• 2024: Revenue of $1.3M, expenses of $1.3M, and assets of $324K (revenue -13.5% year-over-year).
• 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $340K (revenue +35.3% year-over-year).
• 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $97K (revenue +6.0% year-over-year).
• 2021: Revenue of $1.1M, expenses of $1.0M, and assets of $105K (revenue -10.7% year-over-year).
• 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $133K (revenue +3.0% year-over-year).
• 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $117K (revenue +1.4% year-over-year).
• 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $97K (revenue -12.6% year-over-year).
• 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $104K (revenue +10.0% year-over-year).
• 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $146K (revenue -8.0% year-over-year).
• 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $216K (revenue +1.9% year-over-year).
• 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $147K (revenue +0.6% year-over-year).
• 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $153K (revenue -4.6% year-over-year).
• 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $119K (revenue -21.9% year-over-year).
• 2011: Revenue of $1.7M, expenses of $1.7M, and assets of $234K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Cattaraugus Allegny Workforce Investment Board Inc:

Data Sources and Methodology

This transparency report for Cattaraugus Allegny Workforce Investment Board Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

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