Northern Indiana Workforce Board Inc
Northern Indiana Workforce Board consistently operates near break-even with zero reported officer compensation.
EIN: 205089846 · South Bend, IN · NTEE: J20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.6M |
| Total Expenses | $7.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $47K |
| Transparency Score | 92/100 |
Is Northern Indiana Workforce Board Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northern Indiana Workforce Board Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northern Indiana Workforce Board Inc
Northern Indiana Workforce Board Inc (EIN: 205089846) is a nonprofit organization based in South Bend, IN, classified under NTEE code J20. The organization reported total revenue of $7.6M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northern Indiana Workforce Board Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northern Indiana Workforce Board Inc is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.0M |
| Total Expenses | $7.3M |
| Surplus / Deficit | $-262,658 |
| Total Assets | $2.1M |
| Total Liabilities | $2.0M |
| Net Assets | $47K |
| Operating Margin | -3.7% |
| Debt-to-Asset Ratio | 97.7% |
| Months of Reserves | 3.4 months |
Financial Health Grade: C
In 2023, Northern Indiana Workforce Board Inc reported a deficit of $263K with expenses exceeding revenue, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 97.7% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.5% | +2.9% | +37.6% |
| 2022 | +11.8% | +14.6% | -0.7% |
| 2021 | +45.0% | +45.3% | +60.3% |
| 2020 | -32.7% | -29.9% | -1.1% |
| 2019 | -6.7% | -10.5% | +13.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Northern Indiana Workforce Board Inc with a Mission Score of 92 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, Northern Indiana Workforce 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $263K, with expenses exceeding revenue.
- Debt-to-asset ratio: 97.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with annual revenues exceeding $7 million and suggests either a volunteer leadership model or compensation is covered by a related entity, which would warrant further investigation for full transparency.
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 Northern Indiana Workforce Board Inc's IRS 990 filings:
- Consistent 0% officer compensation may obscure how leadership is truly compensated or sustained, warranting further investigation.
Strengths
The following positive indicators were identified for Northern Indiana Workforce Board Inc:
- Consistent near break-even operations, indicating efficient use of funds.
- Steady growth in assets, from $871,317 in 2014 to $2,075,290 in 2023, enhancing long-term stability.
- Zero reported officer compensation across all filings, suggesting high dedication of resources to mission.
- Strong program focus, with expenses consistently matching revenues, implying minimal overhead waste.
Frequently Asked Questions about Northern Indiana Workforce Board Inc
Is Northern Indiana Workforce Board Inc a legitimate charity?
Northern Indiana Workforce Board Inc (EIN: 205089846) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.6M. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does Northern Indiana Workforce Board Inc spend its money?
Northern Indiana Workforce Board Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Northern Indiana Workforce Board Inc tax-deductible?
Northern Indiana Workforce Board Inc is registered as a tax-exempt nonprofit (EIN: 205089846). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Northern Indiana Workforce Board Inc CEO make?
Northern Indiana Workforce Board Inc's highest-compensated officer earns $7 annually. The organization reported $7.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Northern Indiana Workforce Board Inc's spending goes to programs?
Northern Indiana Workforce Board Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Northern Indiana Workforce Board Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Northern Indiana Workforce Board Inc is above average for NTEE category J20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northern Indiana Workforce Board Inc located?
Northern Indiana Workforce Board Inc is headquartered in South Bend, Indiana and files with the IRS under EIN 205089846. It is classified under NTEE code J20.
How many years of IRS 990 filings does Northern Indiana Workforce Board Inc have?
Northern Indiana Workforce Board 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 $7.6M in total revenue.
Is Northern Indiana Workforce Board Inc. a good charity?
Based on the available IRS 990 data, the Northern Indiana Workforce Board Inc. appears to be a very good charity. It consistently spends nearly all its revenue on its mission, has growing assets, and reports 0% officer compensation, indicating a strong commitment to program delivery and financial efficiency.
How does the organization manage its executive leadership without direct compensation?
The consistent reporting of 0% officer compensation across all filings suggests that executive leadership may be entirely volunteer-based, compensated by a related governmental or partner entity, or that compensation is structured in a way not reported as 'officer compensation' on the 990. This practice is highly unusual for an organization of this size and warrants further inquiry for complete understanding.
What is the trend in the organization's financial stability?
The organization shows a stable financial trend. While revenues and expenses are consistently close, indicating a lean operational model, assets have steadily grown from $871,317 in 2014 to $2,075,290 in 2023, demonstrating increasing financial capacity and resilience over time.
Filing History
IRS 990 filing history for Northern Indiana Workforce Board Inc showing financial trends over 13 years of public records:
Total assets increased by 207528900% over the same period, from $1 to $2.1M. Total functional expenses rose by 27510.9%, from $26K to $7.3M. In its most recent filing year (2023), Northern Indiana Workforce Board Inc reported a deficit of $263K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $2.1M in assets (debt-to-asset ratio: 97.7%), resulting in net assets of $47K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.0M | $7.3M | $2.1M | $2.0M | — | — |
| 2022 | $6.9M | $7.1M | $1.5M | $1.3M | — | View 990 |
| 2021 | $6.2M | $6.2M | $1.5M | $1.1M | — | — |
| 2020 | $4.3M | $4.3M | $948K | $580K | — | View 990 |
| 2019 | $6.3M | $6.1M | $958K | $603K | — | View 990 |
| 2018 | $6.8M | $6.8M | $845K | $762K | — | View 990 |
| 2017 | $7.2M | $7.1M | $945K | $881K | — | View 990 |
| 2016 | $8.1M | $8.1M | $863K | $834K | — | View 990 |
| 2015 | $7.8M | $7.8M | $1.0M | $1.0M | — | View 990 |
| 2014 | $5.8M | $5.8M | $871K | $871K | — | View 990 |
| 2013 | $4.8M | $4.8M | $851K | $851K | — | View 990 |
| 2012 | $4.9M | $4.9M | $745K | $745K | — | View 990 |
| 2011 | $0 | $26K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.0M, expenses of $7.3M, and assets of $2.1M (revenue +1.5% year-over-year).
- 2022: Revenue of $6.9M, expenses of $7.1M, and assets of $1.5M (revenue +11.8% year-over-year).
- 2021: Revenue of $6.2M, expenses of $6.2M, and assets of $1.5M (revenue +45.0% year-over-year).
- 2020: Revenue of $4.3M, expenses of $4.3M, and assets of $948K (revenue -32.7% year-over-year).
- 2019: Revenue of $6.3M, expenses of $6.1M, and assets of $958K (revenue -6.7% year-over-year).
- 2018: Revenue of $6.8M, expenses of $6.8M, and assets of $845K (revenue -5.1% year-over-year).
- 2017: Revenue of $7.2M, expenses of $7.1M, and assets of $945K (revenue -11.5% year-over-year).
- 2016: Revenue of $8.1M, expenses of $8.1M, and assets of $863K (revenue +3.5% year-over-year).
- 2015: Revenue of $7.8M, expenses of $7.8M, and assets of $1.0M (revenue +34.9% year-over-year).
- 2014: Revenue of $5.8M, expenses of $5.8M, and assets of $871K (revenue +20.7% year-over-year).
- 2013: Revenue of $4.8M, expenses of $4.8M, and assets of $851K (revenue -3.0% year-over-year).
- 2012: Revenue of $4.9M, expenses of $4.9M, and assets of $745K.
- 2011: Revenue of $0, expenses of $26K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northern Indiana Workforce Board Inc:
Data Sources and Methodology
This transparency report for Northern Indiana Workforce 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.