West Kentucky Workforce Development Board
EIN: 611052311 · Hopkinsville, KY · NTEE: J20
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $4.0M |
| Net Assets | $0 |
Is West Kentucky Workforce Development Board Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About West Kentucky Workforce Development Board
West Kentucky Workforce Development Board (EIN: 611052311) is a nonprofit organization based in Hopkinsville, KY, classified under NTEE code J20. The organization reported total revenue of $2.7M and total assets of $559K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of West Kentucky Workforce Development Board's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
West Kentucky Workforce Development Board is a mid-size nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.0M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$0 |
| Total Assets | $609K |
| Total Liabilities | $609K |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 1.9 months |
Financial Health Grade: C
In 2023, West Kentucky Workforce Development Board reported a surplus of $0 with revenue exceeding expenses, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), West Kentucky Workforce Development Board's revenue has declined at a compound annual growth rate (CAGR) of -2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.6% | -6.6% | +61.1% |
| 2022 | -2.4% | -2.4% | -30.6% |
| 2021 | +3.1% | +3.1% | +19.9% |
| 2020 | +11.3% | +11.3% | -6.7% |
| 2019 | -14.8% | -14.8% | +20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for West Kentucky Workforce Development Board has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates West Kentucky Workforce Development Board with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
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%.
Frequently Asked Questions about West Kentucky Workforce Development Board
Is West Kentucky Workforce Development Board a legitimate charity?
West Kentucky Workforce Development Board (EIN: 611052311) is a registered tax-exempt nonprofit based in Kentucky. It has 6 years of IRS 990 filings on record. Total revenue: $2.7M. No red flags identified. Financial health grade: C.
How does West Kentucky Workforce Development Board spend its money?
West Kentucky Workforce Development Board reported $2.7M in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to West Kentucky Workforce Development Board tax-deductible?
West Kentucky Workforce Development Board is registered as a tax-exempt nonprofit (EIN: 611052311). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is West Kentucky Workforce Development Board located?
West Kentucky Workforce Development Board is headquartered in Hopkinsville, Kentucky and files with the IRS under EIN 611052311. It is classified under NTEE code J20.
How many years of IRS 990 filings does West Kentucky Workforce Development Board have?
West Kentucky Workforce Development Board has 6 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 $2.7M in total revenue.
Filing History
IRS 990 filing history for West Kentucky Workforce Development Board showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), West Kentucky Workforce Development Board's revenue has declined by 10.9%, moving from $4.4M to $4.0M. Total assets increased by 50.5% over the same period, from $405K to $609K. Total functional expenses fell by 10.9%, from $4.4M to $4.0M. In its most recent filing year (2023), West Kentucky Workforce Development Board reported a surplus of $0, with revenue exceeding expenses. The organization holds $609K in liabilities against $609K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.0M | $4.0M | $609K | $609K | — | View 990 |
| 2022 | $4.2M | $4.2M | $378K | $378K | — | View 990 |
| 2021 | $4.3M | $4.3M | $545K | $545K | — | View 990 |
| 2020 | $4.2M | $4.2M | $455K | $455K | — | View 990 |
| 2019 | $3.8M | $3.8M | $487K | $487K | — | View 990 |
| 2018 | $4.4M | $4.4M | $405K | $405K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.0M, expenses of $4.0M, and assets of $609K (revenue -6.6% year-over-year).
- 2022: Revenue of $4.2M, expenses of $4.2M, and assets of $378K (revenue -2.4% year-over-year).
- 2021: Revenue of $4.3M, expenses of $4.3M, and assets of $545K (revenue +3.1% year-over-year).
- 2020: Revenue of $4.2M, expenses of $4.2M, and assets of $455K (revenue +11.3% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.8M, and assets of $487K (revenue -14.8% year-over-year).
- 2018: Revenue of $4.4M, expenses of $4.4M, and assets of $405K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for West Kentucky Workforce Development Board:
Data Sources and Methodology
This transparency report for West Kentucky Workforce Development Board 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.