Charity Search / SOUTHWEST VIRGINIA WORKFORCE DEVELOPMENT BOARD
Employment (J20) 990 on File

SOUTHWEST VIRGINIA WORKFORCE DEVELOPMENT BOARD

EIN: 54-2010445 · LEBANON, VA 24266-2439 · United States · FY 2023 Data
3 out of 5 53 / 100 Based on 2+ years of filings
Financial strength (30%) 77/100
Reliability (20%) 55/100
Effectiveness (25%) 75/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Financial Overview — FY 2023
$2.7M
Total Revenue
$2.8M
Total Expenses
$203K
Net Assets
24
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 89.3%
Fundraising Efficiency N/A
Operating Reserve 0.87x
Liability-to-Asset 28.5%
Revenue Diversification 100.0%
Compared with Peers
FY 2023
Compared with 1,161 similar organizations (United States, Employment, $1M–$10M in expenses), FY 2023.
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
89.3% 84.8%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
10.7% 13.3%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
0.9 mo 9.3 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
28.5% 16.9%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
100.0% 92.8%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
5.5% 7.6%
P10P90
Expense growth
Year over year expense growth
6.6% 8.9%
P10P90
Surplus margin
Surplus as a share of revenue
-1.9% 2.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $2.7M $2.8M $203K 89.3% 24
2022 $2.6M $2.6M $253K 88.1% 24
2021 $3.2M $3.2M N/A 23
2020 $2.6M $2.6M N/A 27
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Organization Details
EIN
54-2010445
State
VA
City
LEBANON
ZIP
24266-2439
Classification
J20
Category
Employment
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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