South Bay Workforce Investment Board Inc
South Bay Workforce Investment Board Inc. consistently operates with tight margins and reports 0% officer compensation.
EIN: 10611872 · Hawthorne, CA · NTEE: B90 · Updated: 2026-03-28
Is South Bay 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 →
South Bay Workforce Investment Board Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Bay Workforce Investment Board Inc
South Bay Workforce Investment Board Inc (EIN: 10611872) is a nonprofit organization based in Hawthorne, CA, classified under NTEE code B90. The organization reported total revenue of $45.8M and total assets of $12.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Bay Workforce Investment Board Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Bay Workforce Investment Board Inc is a large nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34.7M |
| Total Expenses | $33.9M |
| Surplus / Deficit | +$766K |
| Total Assets | $11.0M |
| Total Liabilities | $4.5M |
| Net Assets | $6.5M |
| Operating Margin | 2.2% |
| Debt-to-Asset Ratio | 41.0% |
| Months of Reserves | 3.9 months |
Financial Health Grade: A
In 2023, South Bay Workforce Investment Board Inc reported a surplus of $766K with revenue exceeding expenses, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 41.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), South Bay Workforce Investment Board Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.0% | -5.3% | +43.9% |
| 2022 | +5.4% | +3.5% | -19.4% |
| 2021 | -28.4% | -28.0% | +12.9% |
| 2020 | +1.7% | +2.4% | -8.3% |
| 2019 | -18.4% | -18.6% | -6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 South Bay Workforce Investment Board Inc with a Mission Score of 75 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, South Bay Workforce Investment 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $766K, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $30 million. This suggests that executive compensation may be categorized differently or that the organization relies on uncompensated leadership, warranting further inquiry into its compensation practices.
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 South Bay Workforce Investment Board Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and revenue, potentially obscuring executive compensation details.
- Lack of detailed functional expense breakdown in summary data prevents a full assessment of program efficiency.
Strengths
The following positive indicators were identified for South Bay Workforce Investment Board Inc:
- Consistent operational scale with annual revenues often exceeding $30 million, demonstrating significant activity in its mission area.
- Generally stable financial health with assets consistently exceeding liabilities.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency in reporting.
Frequently Asked Questions about South Bay Workforce Investment Board Inc
Is South Bay Workforce Investment Board Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Bay Workforce Investment Board Inc (EIN: 10611872) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does South Bay Workforce Investment Board Inc spend its money?
South Bay Workforce Investment Board Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Bay Workforce Investment Board Inc tax-deductible?
South Bay Workforce Investment Board Inc is registered as a tax-exempt nonprofit (EIN: 10611872). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does South Bay Workforce Investment Board Inc. compensate its executive leadership if officer compensation is consistently reported as 0%?
The provided data consistently shows 0% officer compensation across all 13 filings. This is highly unusual for an organization of this size and revenue, suggesting that executive compensation may be reported under different expense categories or that the organization operates with uncompensated leadership. A deeper dive into the full IRS 990 forms, specifically Part VII, Section A, would be needed to understand the true compensation structure for key employees and officers.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not include a detailed breakdown of program, administrative, and fundraising expenses. To assess spending efficiency accurately, one would need to review the full IRS 990 forms, specifically Part IX, Statement of Functional Expenses, to see how the reported expenses of over $30 million annually are allocated across these categories.
Given the fluctuating liabilities, what is the organization's strategy for managing its short-term financial obligations?
Liabilities have varied significantly, from a low of $1,963,371 in 202206 to a high of $10,066,293 in 201506. While assets generally exceed liabilities, the fluctuations suggest varying levels of short-term obligations. Understanding the nature of these liabilities (e.g., grants payable, accounts payable) and the organization's cash flow management would provide insight into its financial strategy.
Filing History
IRS 990 filing history for South Bay Workforce Investment Board Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), South Bay Workforce Investment Board Inc's revenue has grown by 1041.1%, moving from $3.0M to $34.7M. Total assets increased by 122.2% over the same period, from $4.9M to $11.0M. Total functional expenses rose by 1038.1%, from $3.0M to $33.9M. In its most recent filing year (2023), South Bay Workforce Investment Board Inc reported a surplus of $766K, with revenue exceeding expenses. The organization holds $4.5M in liabilities against $11.0M in assets (debt-to-asset ratio: 41.0%), resulting in net assets of $6.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34.7M | $33.9M | $11.0M | $4.5M | — | View 990 |
| 2022 | $36.1M | $35.8M | $7.6M | $2.0M | — | View 990 |
| 2021 | $34.2M | $34.6M | $9.5M | $4.1M | — | View 990 |
| 2020 | $47.9M | $48.1M | $8.4M | $2.7M | — | View 990 |
| 2019 | $47.0M | $47.0M | $9.1M | $3.2M | — | View 990 |
| 2018 | $57.7M | $57.7M | $9.8M | $3.9M | — | View 990 |
| 2017 | $60.3M | $60.0M | $11.7M | $5.8M | — | View 990 |
| 2016 | $57.5M | $57.2M | $11.0M | $5.5M | — | View 990 |
| 2015 | $59.4M | $58.0M | $15.4M | $10.1M | — | View 990 |
| 2014 | $42.6M | $41.8M | $11.5M | $7.5M | — | View 990 |
| 2013 | $23.6M | $22.6M | $7.5M | $4.2M | — | View 990 |
| 2012 | $13.3M | $13.0M | $10.2M | $8.0M | — | View 990 |
| 2011 | $3.0M | $3.0M | $4.9M | $3.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34.7M, expenses of $33.9M, and assets of $11.0M (revenue -4.0% year-over-year).
- 2022: Revenue of $36.1M, expenses of $35.8M, and assets of $7.6M (revenue +5.4% year-over-year).
- 2021: Revenue of $34.2M, expenses of $34.6M, and assets of $9.5M (revenue -28.4% year-over-year).
- 2020: Revenue of $47.9M, expenses of $48.1M, and assets of $8.4M (revenue +1.7% year-over-year).
- 2019: Revenue of $47.0M, expenses of $47.0M, and assets of $9.1M (revenue -18.4% year-over-year).
- 2018: Revenue of $57.7M, expenses of $57.7M, and assets of $9.8M (revenue -4.3% year-over-year).
- 2017: Revenue of $60.3M, expenses of $60.0M, and assets of $11.7M (revenue +4.9% year-over-year).
- 2016: Revenue of $57.5M, expenses of $57.2M, and assets of $11.0M (revenue -3.2% year-over-year).
- 2015: Revenue of $59.4M, expenses of $58.0M, and assets of $15.4M (revenue +39.3% year-over-year).
- 2014: Revenue of $42.6M, expenses of $41.8M, and assets of $11.5M (revenue +80.4% year-over-year).
- 2013: Revenue of $23.6M, expenses of $22.6M, and assets of $7.5M (revenue +77.9% year-over-year).
- 2012: Revenue of $13.3M, expenses of $13.0M, and assets of $10.2M (revenue +337.5% year-over-year).
- 2011: Revenue of $3.0M, expenses of $3.0M, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Bay Workforce Investment Board Inc:
Data Sources and Methodology
This transparency report for South Bay 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.