Grow Southwest Indiana Workforceboard Inc
Grow Southwest Indiana Workforceboard Inc shows consistent revenue and expense levels with growing assets and liabilities.
EIN: 205064047 · Evansville, IN · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $4.8M |
| Program Spending | 90% |
| Net Assets | $516K |
| Transparency Score | 85/100 |
Is Grow Southwest Indiana Workforceboard Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grow Southwest Indiana Workforceboard Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grow Southwest Indiana Workforceboard Inc
Grow Southwest Indiana Workforceboard Inc (EIN: 205064047) is a nonprofit organization based in Evansville, IN, classified under NTEE code S30. The organization reported total revenue of $5.3M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grow Southwest Indiana Workforceboard Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grow Southwest Indiana Workforceboard Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $4.8M |
| Surplus / Deficit | $-15,826 |
| Total Assets | $2.0M |
| Total Liabilities | $1.5M |
| Net Assets | $516K |
| Operating Margin | -0.3% |
| Debt-to-Asset Ratio | 73.9% |
| Months of Reserves | 4.9 months |
Financial Health Grade: C
In 2023, Grow Southwest Indiana Workforceboard Inc reported a deficit of $16K with expenses exceeding revenue, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 73.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Grow Southwest Indiana Workforceboard Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.2% | -3.9% | +52.7% |
| 2022 | +78.1% | +71.8% | +40.0% |
| 2021 | -0.5% | +10.2% | +58.6% |
| 2020 | -3.8% | -14.4% | +34.7% |
| 2019 | -23.8% | -21.9% | -18.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Grow Southwest Indiana Workforceboard 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Grow Southwest Indiana Workforceboard Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 73.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, indicating that no direct compensation is paid to officers from the reported budget, which is a strong positive for resource allocation.
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 Grow Southwest Indiana Workforceboard Inc's IRS 990 filings:
- Significant increase in liabilities from $206,871 in 2020 to $1,459,162 in 2023 without clear explanation in summary data.
Strengths
The following positive indicators were identified for Grow Southwest Indiana Workforceboard Inc:
- Consistent reporting of 0% officer compensation, indicating strong resource allocation to mission.
- Steady revenue generation over the past decade, demonstrating operational stability.
- Significant growth in assets from $582,551 in 2020 to $1,975,346 in 2023, strengthening financial position.
- Expenses consistently align closely with revenues, suggesting efficient financial management.
Frequently Asked Questions about Grow Southwest Indiana Workforceboard Inc
Is Grow Southwest Indiana Workforceboard Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grow Southwest Indiana Workforceboard Inc (EIN: 205064047) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Grow Southwest Indiana Workforceboard Inc spend its money?
Grow Southwest Indiana Workforceboard Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Grow Southwest Indiana Workforceboard Inc tax-deductible?
Grow Southwest Indiana Workforceboard Inc is registered as a tax-exempt nonprofit (EIN: 205064047). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Grow Southwest Indiana Workforceboard Inc's spending goes to programs?
Grow Southwest Indiana Workforceboard Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grow Southwest Indiana Workforceboard Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Grow Southwest Indiana Workforceboard Inc is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grow Southwest Indiana Workforceboard Inc located?
Grow Southwest Indiana Workforceboard Inc is headquartered in Evansville, Indiana and files with the IRS under EIN 205064047. It is classified under NTEE code S30.
How many years of IRS 990 filings does Grow Southwest Indiana Workforceboard Inc have?
Grow Southwest Indiana Workforceboard Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.3M in total revenue.
What is the nature of the significant increase in liabilities from $206,871 in 2020 to $1,459,162 in 2023?
This rapid increase in liabilities needs further investigation to understand if it's due to program expansion, capital investments, or other financial obligations.
How does Grow Southwest Indiana Workforceboard Inc fund its executive leadership if officer compensation is consistently reported as 0%?
This could indicate volunteer leadership, compensation through a related entity, or that compensation is categorized differently within the filings, requiring more detailed review of the full 990 forms.
Given the consistent near-balance of revenues and expenses, how does the organization manage to grow its assets?
Asset growth, despite balanced revenues and expenses, could be due to non-operating income, specific grants for asset acquisition, or reclassification of funds, which would be detailed in the full financial statements.
Filing History
IRS 990 filing history for Grow Southwest Indiana Workforceboard Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grow Southwest Indiana Workforceboard Inc's revenue has grown by 1.5%, moving from $4.7M to $4.8M. Total assets increased by 424.4% over the same period, from $377K to $2.0M. Total functional expenses rose by 1.7%, from $4.7M to $4.8M. In its most recent filing year (2023), Grow Southwest Indiana Workforceboard Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $2.0M in assets (debt-to-asset ratio: 73.9%), resulting in net assets of $516K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $4.8M | $2.0M | $1.5M | — | — |
| 2022 | $5.2M | $5.0M | $1.3M | $772K | — | View 990 |
| 2021 | $2.9M | $2.9M | $924K | $562K | — | — |
| 2020 | $2.9M | $2.7M | $583K | $207K | — | View 990 |
| 2019 | $3.0M | $3.1M | $432K | $329K | — | View 990 |
| 2018 | $4.0M | $4.0M | $530K | $367K | — | View 990 |
| 2017 | $4.4M | $4.3M | $651K | $504K | — | View 990 |
| 2016 | $4.1M | $4.2M | $594K | $561K | — | View 990 |
| 2015 | $3.7M | $3.7M | $444K | $388K | — | View 990 |
| 2014 | $3.4M | $3.4M | $180K | $149K | — | View 990 |
| 2013 | $3.2M | $3.2M | $338K | $284K | — | View 990 |
| 2012 | $3.4M | $3.4M | $303K | $293K | — | View 990 |
| 2011 | $4.7M | $4.7M | $377K | $377K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $4.8M, and assets of $2.0M (revenue -7.2% year-over-year).
- 2022: Revenue of $5.2M, expenses of $5.0M, and assets of $1.3M (revenue +78.1% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.9M, and assets of $924K (revenue -0.5% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.7M, and assets of $583K (revenue -3.8% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.1M, and assets of $432K (revenue -23.8% year-over-year).
- 2018: Revenue of $4.0M, expenses of $4.0M, and assets of $530K (revenue -9.3% year-over-year).
- 2017: Revenue of $4.4M, expenses of $4.3M, and assets of $651K (revenue +6.5% year-over-year).
- 2016: Revenue of $4.1M, expenses of $4.2M, and assets of $594K (revenue +11.3% year-over-year).
- 2015: Revenue of $3.7M, expenses of $3.7M, and assets of $444K (revenue +8.6% year-over-year).
- 2014: Revenue of $3.4M, expenses of $3.4M, and assets of $180K (revenue +6.3% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.2M, and assets of $338K (revenue -6.1% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.4M, and assets of $303K (revenue -27.8% year-over-year).
- 2011: Revenue of $4.7M, expenses of $4.7M, and assets of $377K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grow Southwest Indiana Workforceboard Inc:
Data Sources and Methodology
This transparency report for Grow Southwest Indiana Workforceboard 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.