Rocky Mountain Workforce Development Association Inc
Rocky Mountain Workforce Development Association Inc reports significant surplus and asset growth in latest filing after years of fluctuating finances.
EIN: 20621786 · La Junta, CO · NTEE: S30 · Updated: 2026-03-28
About Rocky Mountain Workforce Development Association Inc
Rocky Mountain Workforce Development Association Inc (EIN: 20621786) is a nonprofit organization based in La Junta, CO, classified under NTEE code S30. The organization reported total revenue of $113K and total assets of $111K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rocky Mountain Workforce Development Association 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 Rocky Mountain Workforce Development Association Inc with a Mission Score of 80 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Rocky Mountain Workforce Development Association Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean leadership structure.
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 Rocky Mountain Workforce Development Association Inc's IRS 990 filings:
- Significant year-to-year financial volatility (e.g., large deficit in 201906, large surplus in 202106)
- Lack of detailed expense breakdown in provided data makes efficiency analysis difficult
- Unusually low expenses in 202106 ($24,615) relative to revenue ($112,770) could indicate underinvestment in programs or a shift in operational scope.
Strengths
The following positive indicators were identified for Rocky Mountain Workforce Development Association Inc:
- Consistent reporting of $0 liabilities, indicating no debt burden
- 0% officer compensation, suggesting a highly volunteer-driven or cost-efficient leadership model
- Strong asset growth in the latest filing ($111,030 in 202106)
- Positive net income in the latest filing ($88,155 surplus in 202106)
Frequently Asked Questions about Rocky Mountain Workforce Development Association Inc
What caused the significant increase in assets from $22,875 in 202006 to $111,030 in 202106?
The provided data shows a large surplus in 202106 (Revenue $112,770 - Expenses $24,615 = $88,155), which directly contributed to the increase in assets. This suggests effective financial management in that period or a significant one-time influx of funds.
How does the organization sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the leadership level or that compensation is structured in a way not reported as 'officer compensation' on the 990, such as through a separate management entity or contract services.
What were the primary drivers of the high expenses in 201906 ($489,293) compared to revenue ($371,245)?
The provided data does not detail expense categories, but such a significant deficit suggests either a major program investment, unexpected operational costs, or a timing difference in revenue recognition versus expense outlay during that specific period.
Filing History
IRS 990 filing history for Rocky Mountain Workforce Development Association Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2021), Rocky Mountain Workforce Development Association Inc's revenue has grown by 481%, moving from $19K to $113K. Total assets increased by 15.9% over the same period, from $96K to $111K. Total functional expenses rose by 5.3%, from $23K to $25K. In its most recent filing year (2021), Rocky Mountain Workforce Development Association Inc reported a surplus of $88K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $113K | $25K | $111K | $0 | — | View 990 |
| 2020 | $126K | $105K | $23K | $0 | — | — |
| 2019 | $371K | $489K | $3K | $0 | — | View 990 |
| 2018 | $208K | $184K | $121K | $0 | — | View 990 |
| 2017 | $146K | $101K | $97K | $0 | — | View 990 |
| 2016 | $75K | $58K | $52K | $0 | — | View 990 |
| 2015 | $43K | $45K | $34K | $0 | — | View 990 |
| 2014 | $25K | $103K | $37K | $0 | — | View 990 |
| 2013 | $92K | $73K | $115K | $0 | — | View 990 |
| 2012 | $19K | $23K | $96K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $113K, expenses of $25K, and assets of $111K (revenue -10.2% year-over-year).
- 2020: Revenue of $126K, expenses of $105K, and assets of $23K (revenue -66.2% year-over-year).
- 2019: Revenue of $371K, expenses of $489K, and assets of $3K (revenue +78.8% year-over-year).
- 2018: Revenue of $208K, expenses of $184K, and assets of $121K (revenue +42.0% year-over-year).
- 2017: Revenue of $146K, expenses of $101K, and assets of $97K (revenue +94.1% year-over-year).
- 2016: Revenue of $75K, expenses of $58K, and assets of $52K (revenue +75.2% year-over-year).
- 2015: Revenue of $43K, expenses of $45K, and assets of $34K (revenue +71.7% year-over-year).
- 2014: Revenue of $25K, expenses of $103K, and assets of $37K (revenue -72.7% year-over-year).
- 2013: Revenue of $92K, expenses of $73K, and assets of $115K (revenue +373.4% year-over-year).
- 2012: Revenue of $19K, expenses of $23K, and assets of $96K.
Data Sources and Methodology
This transparency report for Rocky Mountain Workforce Development Association 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.