Cattaraugus Allegny Workforce Investment Board Inc
Cattaraugus Allegny Workforce Investment Board Inc maintains lean operations with 0% officer compensation.
EIN: 161594235 · Olean, NY · NTEE: J20 · Updated: 2026-03-28
Is Cattaraugus Allegny Workforce Investment Board Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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.
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.
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
Is Cattaraugus Allegny Workforce Investment Board Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cattaraugus Allegny Workforce Investment Board Inc (EIN: 161594235) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Cattaraugus Allegny Workforce Investment Board Inc spend its money?
Cattaraugus Allegny Workforce Investment Board Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cattaraugus Allegny Workforce Investment Board Inc tax-deductible?
Cattaraugus Allegny Workforce Investment Board Inc is registered as a tax-exempt nonprofit (EIN: 161594235). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Cattaraugus Allegny Workforce Investment Board Inc financially stable?
Yes, the organization appears financially stable, with assets growing from $97,463 in 2022 to $323,630 in 2024, and revenues consistently covering expenses.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting that executive leadership is either volunteer-based or compensated through non-officer salary classifications.
What is the trend in the organization's revenue?
Revenue has fluctuated but generally remained above $1 million annually, with the latest reported revenue at $1,303,080 in 2024, showing consistent operational scale.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $1.3M | $1.3M | $324K | $301K | — | View 990 |
| 2023 | $1.5M | $1.5M | $340K | $317K | — | View 990 |
| 2022 | $1.1M | $1.1M | $97K | $85K | — | View 990 |
| 2021 | $1.1M | $1.0M | $105K | $88K | — | View 990 |
| 2020 | $1.2M | $1.2M | $133K | $128K | — | View 990 |
| 2019 | $1.1M | $1.1M | $117K | $112K | — | View 990 |
| 2018 | $1.1M | $1.1M | $97K | $94K | — | View 990 |
| 2017 | $1.3M | $1.3M | $104K | $100K | — | View 990 |
| 2016 | $1.2M | $1.2M | $146K | $139K | — | View 990 |
| 2015 | $1.3M | $1.3M | $216K | $214K | — | View 990 |
| 2014 | $1.2M | $1.2M | $147K | $145K | — | View 990 |
| 2013 | $1.2M | $1.2M | $153K | $153K | — | View 990 |
| 2012 | $1.3M | $1.3M | $119K | $119K | — | View 990 |
| 2011 | $1.7M | $1.7M | $234K | $234K | — | View 990 |
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.
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.