JEmploymentEIN: 263026020· Ruling Year: 2008

Heart Of Texas Workforce Development Board Inc

Waco, Texas

B-Health Score
48B-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Average

How This Organization Compares

Compared to 4 peers in Employment with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.01×
Peer Median4.74×
💰
$23.6M
Total Revenue
📊
$23.7M
Total Expenses
🏦
$249K
Net Assets
📋
$5.5M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-3.5%
Year-over-year change (2022 → 2023)
Net Margin
-0.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.01
Net assets divided by total expenses
Liabilities-to-Assets
95.6%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$23,575,3144%$23,664,6243%$5,720,82160%
2022$24,433,11838%$24,496,09938%$3,585,49476%
2021$17,688,4881%$17,713,1171%$2,034,66431%
2020$17,925,81911%$17,918,59412%$1,557,38110%
2019$16,101,83915%$16,063,93615%$1,735,36220%
2018$13,943,84213%$13,940,77013%$2,160,75546%
2017$12,318,2732%$12,308,6262%$1,481,31728%
2016$12,039,6423%$12,070,6353%$1,156,62223%
2015$12,410,86312%$12,407,82312%$1,494,6386%
2014$11,067,2606%$11,079,8666%$1,414,57919%
2013$11,827,5577%$11,845,8677%$1,185,62027%
2012$12,669,962$12,705,9531%$1,627,27514%
2011$12,687,822$12,642,181$1,903,201

Frequently Asked Questions

What does Heart Of Texas Workforce Development Board Inc do?

Heart Of Texas Workforce Development Board Inc is a employment nonprofit organization based in Texas. It is classified under NTEE code J20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Heart Of Texas Workforce Development Board Inc financially healthy?

Based on our 9-metric Financial Health Score model, Heart Of Texas Workforce Development Board Inc has a score of 48/100 (Grade: B-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Heart Of Texas Workforce Development Board Inc generate?

Heart Of Texas Workforce Development Board Inc reports $24.9M in annual revenue and holds $5.8M in total assets, based on IRS filings.

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