Community Improvement
(S41Z)
IRS Verified
DX Registered
990 on File
NATIONAL ASSOCIATION OF WORKFORCE BOARDS
Financial strength (30%)
53/100
Reliability (20%)
55/100
Effectiveness (25%)
59/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The National Association of Workforce Boards (NAWB) is the leading workforce association that represents the nation's nearly 575 business-led Workforce Investment Boards (WIBs) and also serves other associated organizations in the workforce industry with one common goal: Helping America Work.Our mission is to support members through a comprehensive program of advocacy, training and technical assistance, communication, and the promotion of strategic partnerships for the advancement of our nation's workforce.
Financial Overview — FY 2024
$3.4M
Total Revenue
$4.0M
Total Expenses
$-616,849
Net Assets
11
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
69.1%
Fundraising Efficiency
N/A
Operating Reserve
-1.85x
Liability-to-Asset
132.6%
Revenue Diversification
79.4%
Executive Compensation
$369K
Compared with Peers
FY 2024
Compared with 1,625 similar organizations
(United States, Community Improvement, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
69.1% | 85.2% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
27.7% | 11.8% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.2% | 0.1% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
-1.9 mo | 9.7 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
132.6% | 21.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
79.4% | 90.7% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
1.7% | 8.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
19.3% | 10.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-19.0% | 1.6% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $3.4M | $4.0M | $-616,849 | 69.1% | 11 |
| 2023 | $3.3M | $3.4M | $20K | 78.3% | 12 |
| 2022 | $423K | $477K | $83K | 76.9% | 13 |
| 2021 | $2.3M | $2.6M | N/A | — | 10 |
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