South Central Region 8 Workforce Board Inc
South Central Region 8 Workforce Board Inc consistently operates on a pass-through model with no reported officer compensation.
EIN: 204935443 · Bloomington, IN · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $4.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $0 |
| Transparency Score | 85/100 |
Is South Central Region 8 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 →
South Central Region 8 Workforce Board Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Central Region 8 Workforce Board Inc
South Central Region 8 Workforce Board Inc (EIN: 204935443) is a nonprofit organization based in Bloomington, IN, classified under NTEE code S30. The organization reported total revenue of $5.0M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Central Region 8 Workforce Board Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Central Region 8 Workforce Board 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 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $4.3M |
| Surplus / Deficit | +$0 |
| Total Assets | $853K |
| Total Liabilities | $853K |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 2.4 months |
Financial Health Grade: C
In 2023, South Central Region 8 Workforce Board Inc reported a surplus of $0 with revenue exceeding expenses, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), South Central Region 8 Workforce Board Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.4% | -2.6% | +7.4% |
| 2022 | +18.7% | +19.2% | +15.5% |
| 2021 | +29.3% | +29.0% | +117.1% |
| 2020 | -3.2% | -3.2% | -49.5% |
| 2019 | -8.8% | -8.8% | +89.8% |
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 South Central Region 8 Workforce Board 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, South Central Region 8 Workforce Board 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 filings, which is highly unusual for an entity managing nearly $5 million in annual revenue and suggests either an entirely volunteer leadership or that executive salaries are categorized differently within their financial statements.
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 Central Region 8 Workforce Board Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in available data makes precise efficiency assessment difficult
- Consistent equality of assets and liabilities could indicate limited unrestricted reserves
Strengths
The following positive indicators were identified for South Central Region 8 Workforce Board Inc:
- Consistent IRS 990 filing history (13 filings) demonstrates transparency
- Zero reported officer compensation indicates very low executive overhead
- Steady growth in assets from $244,720 (2014) to $1,153,941 (current) shows financial stability and growth
- Revenues closely matching expenses across all periods indicates responsible financial management and a 'pass-through' model
Frequently Asked Questions about South Central Region 8 Workforce Board Inc
Is South Central Region 8 Workforce Board Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Central Region 8 Workforce Board Inc (EIN: 204935443) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does South Central Region 8 Workforce Board Inc spend its money?
South Central Region 8 Workforce Board Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Central Region 8 Workforce Board Inc tax-deductible?
South Central Region 8 Workforce Board Inc is registered as a tax-exempt nonprofit (EIN: 204935443). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the South Central Region 8 Workforce Board Inc CEO make?
South Central Region 8 Workforce Board Inc's highest-compensated officer earns $5 annually. The organization reported $5.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does South Central Region 8 Workforce Board Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), South Central Region 8 Workforce Board 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 South Central Region 8 Workforce Board Inc located?
South Central Region 8 Workforce Board Inc is headquartered in Bloomington, Indiana and files with the IRS under EIN 204935443. It is classified under NTEE code S30.
How many years of IRS 990 filings does South Central Region 8 Workforce Board Inc have?
South Central Region 8 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 $5.0M in total revenue.
How does South Central Region 8 Workforce Board Inc compensate its leadership if no officer compensation is reported?
The IRS 990 filings consistently show 0% officer compensation. This could mean that the board operates with entirely volunteer leadership, or that executive salaries are classified under other expense categories, such as program or administrative staff salaries, rather than 'officer compensation'.
What is the nature of the organization's assets and liabilities, given they are consistently equal?
The consistent equality of assets and liabilities (e.g., 202306: Assets=$852,728, Liabilities=$852,728) suggests that most of the organization's assets are restricted or represent funds received for specific program expenditures that have not yet been disbursed, rather than unrestricted reserves.
What is the primary source of the organization's revenue?
Given the NTEE code S30 (Workforce Development) and the 'pass-through' financial model, it is highly probable that the primary source of revenue is government grants and contracts related to workforce development programs.
Filing History
IRS 990 filing history for South Central Region 8 Workforce Board Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), South Central Region 8 Workforce Board Inc's revenue has grown by 25.4%, moving from $3.4M to $4.3M. Total assets increased by 175.4% over the same period, from $310K to $853K. Total functional expenses rose by 25.4%, from $3.4M to $4.3M. In its most recent filing year (2023), South Central Region 8 Workforce Board Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $853K in liabilities against $853K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $4.3M | $853K | $853K | — | View 990 |
| 2022 | $4.4M | $4.4M | $794K | $794K | — | View 990 |
| 2021 | $3.7M | $3.7M | $687K | $678K | — | — |
| 2020 | $2.9M | $2.9M | $316K | $316K | — | View 990 |
| 2019 | $3.0M | $3.0M | $627K | $627K | — | View 990 |
| 2018 | $3.3M | $3.3M | $330K | $330K | — | View 990 |
| 2017 | $3.2M | $3.2M | $286K | $286K | — | View 990 |
| 2016 | $3.0M | $3.0M | $322K | $322K | — | View 990 |
| 2015 | $2.9M | $2.9M | $322K | $322K | — | View 990 |
| 2014 | $2.4M | $2.4M | $245K | $245K | — | View 990 |
| 2013 | $2.3M | $2.3M | $203K | $203K | — | View 990 |
| 2012 | $2.4M | $2.4M | $215K | $215K | — | View 990 |
| 2011 | $3.4M | $3.4M | $310K | $310K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $4.3M, and assets of $853K (revenue -2.4% year-over-year).
- 2022: Revenue of $4.4M, expenses of $4.4M, and assets of $794K (revenue +18.7% year-over-year).
- 2021: Revenue of $3.7M, expenses of $3.7M, and assets of $687K (revenue +29.3% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.9M, and assets of $316K (revenue -3.2% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.0M, and assets of $627K (revenue -8.8% year-over-year).
- 2018: Revenue of $3.3M, expenses of $3.3M, and assets of $330K (revenue +1.8% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.2M, and assets of $286K (revenue +7.5% year-over-year).
- 2016: Revenue of $3.0M, expenses of $3.0M, and assets of $322K (revenue +1.5% year-over-year).
- 2015: Revenue of $2.9M, expenses of $2.9M, and assets of $322K (revenue +21.3% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.4M, and assets of $245K (revenue +5.6% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.3M, and assets of $203K (revenue -4.8% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.4M, and assets of $215K (revenue -30.0% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.4M, and assets of $310K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Central Region 8 Workforce Board Inc:
Data Sources and Methodology
This transparency report for South Central Region 8 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.