Region 10 Workford Board Inc
Region 10 Workford Board Inc shows consistent revenue-expense balance and significant asset growth, alongside a substantial increase in liabilities.
EIN: 204981068 · New Albany, IN · NTEE: J20 · Updated: 2026-03-28
Is Region 10 Workford Board Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Region 10 Workford Board Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Region 10 Workford Board Inc
Region 10 Workford Board Inc (EIN: 204981068) is a nonprofit organization based in New Albany, IN, classified under NTEE code J20. The organization reported total revenue of $4.4M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Region 10 Workford 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 Region 10 Workford Board Inc with a Mission Score of 78 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Region 10 Workford Board Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, suggesting that executive leadership may be volunteer-based or compensated through a related entity, which could contribute to lower overhead costs.
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 Region 10 Workford Board Inc's IRS 990 filings:
- Significant increase in liabilities relative to assets, from $146,611 in 202006 to $1,742,784 in 202306, warrants further investigation into their nature.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data makes a precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Region 10 Workford Board Inc:
- Consistent financial operations with revenues closely matching expenses, indicating efficient use of funds (e.g., 202306: Revenue=$4,299,440, Expenses=$4,282,929).
- Significant growth in assets over recent years, from $307,770 in 202006 to $1,965,399 in 202306, demonstrating increasing capacity.
- No reported officer compensation across all filings, suggesting potentially low administrative overhead and a strong volunteer component.
- Long and consistent IRS 990 filing history (13 filings), indicating good compliance and transparency.
Frequently Asked Questions about Region 10 Workford Board Inc
Is Region 10 Workford Board Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Region 10 Workford Board Inc (EIN: 204981068) some concerns. Mission Score: 78/100. 2 red flags identified, 4 strengths noted.
How does Region 10 Workford Board Inc spend its money?
Region 10 Workford Board Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Region 10 Workford Board Inc tax-deductible?
Region 10 Workford Board Inc is registered as a tax-exempt nonprofit (EIN: 204981068). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Region 10 Workford Board Inc financially stable given the increase in liabilities?
While assets have grown significantly from $307,770 in 202006 to $1,965,399 in 202306, liabilities have also surged from $146,611 to $1,742,784 in the same period. This indicates that a large portion of the asset growth is offset by increased obligations, warranting a closer look at the nature of these liabilities to assess long-term stability.
How does Region 10 Workford Board Inc manage to have 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or that compensation for key management is handled through a separate entity or mechanism not reported in this section of the 990. This practice can significantly reduce administrative costs.
What is the primary driver of the substantial asset growth from 2020 to 2023?
The assets increased from $307,770 in 202006 to $1,965,399 in 202306. Given the corresponding increase in liabilities, it's possible this growth is due to capital investments, property acquisition, or other long-term assets financed by debt or other obligations, rather than solely accumulated surplus.
Filing History
IRS 990 filing history for Region 10 Workford Board Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Region 10 Workford Board Inc's revenue has grown by 45.1%, moving from $3.0M to $4.3M. Total assets increased by 217.4% over the same period, from $619K to $2.0M. Total functional expenses rose by 48.5%, from $2.9M to $4.3M. In its most recent filing year (2023), Region 10 Workford Board Inc reported a surplus of $17K, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $2.0M in assets (debt-to-asset ratio: 88.7%), resulting in net assets of $223K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $4.3M | $2.0M | $1.7M | — | View 990 |
| 2022 | $3.5M | $3.6M | $661K | $455K | — | View 990 |
| 2021 | $3.5M | $3.4M | $536K | $235K | — | View 990 |
| 2020 | $2.2M | $2.2M | $308K | $147K | — | View 990 |
| 2019 | $2.4M | $2.4M | $333K | $173K | — | View 990 |
| 2018 | $2.5M | $2.5M | $339K | $181K | — | View 990 |
| 2017 | $2.2M | $2.2M | $318K | $158K | — | View 990 |
| 2016 | $2.5M | $2.5M | $335K | $171K | — | View 990 |
| 2015 | $2.5M | $2.4M | $335K | $176K | — | View 990 |
| 2014 | $2.5M | $2.5M | $452K | $310K | — | View 990 |
| 2013 | $2.3M | $2.3M | $296K | $130K | — | View 990 |
| 2012 | $2.2M | $2.1M | $335K | $171K | — | View 990 |
| 2011 | $3.0M | $2.9M | $619K | $540K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $4.3M, and assets of $2.0M (revenue +23.9% year-over-year).
- 2022: Revenue of $3.5M, expenses of $3.6M, and assets of $661K (revenue -1.7% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.4M, and assets of $536K (revenue +58.1% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.2M, and assets of $308K (revenue -8.2% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.4M, and assets of $333K (revenue -2.5% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.5M, and assets of $339K (revenue +13.7% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.2M, and assets of $318K (revenue -11.0% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.5M, and assets of $335K (revenue +0.5% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.4M, and assets of $335K (revenue -1.3% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.5M, and assets of $452K (revenue +10.2% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.3M, and assets of $296K (revenue +4.5% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.1M, and assets of $335K (revenue -27.2% year-over-year).
- 2011: Revenue of $3.0M, expenses of $2.9M, and assets of $619K.
Data Sources and Methodology
This transparency report for Region 10 Workford 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.