North Alabama Workforce Development

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EIN 47-1625151 Unknown exempt organization Muscle Shoals, AL

Form 990 (PDF)

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North Alabama Workforce Development EIN 47-1625151 Form 990 (PDF) Claim this org

Form 990 for the fiscal year ending September 2021 (IRS tax year 2020).

Connects businesses with workforce training and job placement services. For fiscal year 2021 it reported $333K in revenue, $296K in expenses, and $54K in net assets.Pt I

Type: Unknown exempt organization · Nonprofit
Location: Muscle Shoals, AL
Website: www.northalabamaworks.com
Filings: 1 on file (2021–2021)

Revenue

$333KFY2021

Expenses

$296K

Net assets

$54K

People

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Provided by the organization

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Size

$100K–1M

What they do

Connects businesses with workforce training and job placement services.

Leadership

Julia Lang Ackerman · Director

Money in and out

$333K revenue, $296K expenses

Bottom line

+11% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

NEUTRAL

Not on file

IRS deductibility code is not on file for this EIN. See detail →

Can I donate to this org right now?

GOOD

Yes — exemption reinstated (2017-05-15)

The IRS auto-revocation list shows this EIN's exemption reinstated. See detail →

Is this organization up to date?

CRITICAL

No filing since FY2020 — 6 yrs

Most recent Form 990 on file is for fiscal year 2020 (6 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

WARNING

58% to programs

58% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M

Revenue band $100K–1M. Not enough years on file for a trend. See detail →

Reported financial activity · FY2021

Total revenue

$333K

Pt VIII · Ln 12

Total expenses

$296K

Pt IX · Ln 25

Net assets

$54K

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): $37K

Where spending went · Part IX cols B–D

58%

30%

12%

Program services $0.58 Management & general $0.30 Fundraising $0.12

Surplus margin

+11%

revenue over expenses, this year

Program spending

58%

of expenses reach programs

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Summary of the Filing

Part I · fiscal year 2021 · Form 990

Revenue less expensesPt I · Ln 19$37K

Total assetsPt X · Ln 16$54K

Program-expense ratioPt IX · col B58%

Voting members of governing bodyPt I · Ln 325

Independent voting membersPt I · Ln 425

Identity & Classification

Form 990 Header · IRS Business Master File

Legal name (IRS)Hdr · item CNorth Alabama Workforce Development

EINHdr · item D47-1625151

Principal addressHdr · item CMuscle Shoals, AL

WebsiteHdr · item Jwww.northalabamaworks.com

Year of formationHdr · item Lpending

State of legal domicileHdr · item MAL

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFNonprofit

Ruling yearIRS BMFpending

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1a25

Independent voting membersPt VI · Ln 1b25

Conflict-of-interest policyPt VI · Ln 12aYes

Whistleblower policyPt VI · Ln 13Yes

Document retention policyPt VI · Ln 14Yes

CEO/top-official compensation independently reviewedPt VI · Ln 15aNo

Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Julia Lang Ackerman

Director

$0Pt VII · Sec A

Ronnie Boles

Treasurer

$0Pt VII · Sec A

Kerri Bracken

Director

$0Pt VII · Sec A

David Brewer

Director

$0Pt VII · Sec A

Troy Van Fleet

Director

$0Pt VII · Sec A

Bret Gist

Director

$0Pt VII · Sec A

Dale Greer

Past Chairma

$0Pt VII · Sec A

Brett Hall

Director

$0Pt VII · Sec A

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Mission & Programs · Part III

Where the work happens

1 program service account for $172K of program spending, described in the organization's own filed words · FY2020.

Provide a trained workforce focused around north alabama's business and industry requirements. The purpose of the regional workforce develepment system is to facilitate the establishment and implementation of a comprehensive, coordinated, seamless workforce development system for the region that supports economic development and…

$172Kprogram expense

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Statement of Revenue

Part VIII

Contributions & grants$294K · 88%

Program service revenue$39K · 12%

Contributions & grants88%$294K

Program service revenue12%$39K

— government grantsLn 1e$294K

Total revenueLn 12$333K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

58%

30%

12%

Program services $0.58 Management & general $0.30 Fundraising $0.12

Program services58%$172K

Management & general30%$88K

Fundraising12%$36K

Total functional expensesLn 25$296K

Balance Sheet

Part X · end of year

CashLn 1$54K

Total assetsLn 16$54K

Total liabilitiesLn 26$0

Total net assetsLn 32$54K

Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $54K · Operating expenses/yr $296K

2.2 months

Where the money goes

Program services

Program services $172K · Total expenses $296K

58%

Management & General

Management & general $88K · Total expenses $296K

30%

Fundraising

Fundraising $36K · Total expenses $296K

12%

Cost to raise $1

Fundraising expense $36K · Solicited contributions $0

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $294K · Total revenue $333K

88%

Government reliance

Government grants $294K · Total revenue $333K

88%

Earned-income share

Program service revenue $39K · Total revenue $333K

12%

Investment reliance

Investment income $0 · Total revenue $333K

Program self-sufficiency

Program service revenue $39K · Total expenses $296K

13%

Growth & trend

Revenue growth (YoY)

This year $333K · Prior year —

No prior year on file

Net-asset trend (YoY)

End of year $54K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $333K · Expenses $296K

+11%

Liabilities-to-Assets

Total liabilities — · Total assets $54K

—

Net-asset ratio

Net assets $54K · Total assets $54K

100%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $54K

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual Julia Lang Ackerman · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $296K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) $233K · Total expenses $296K

79%

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Program ratio	58%	—	—
Overhead ratio	30%	—	—
Fundraising cost ratio	12%	—	—
Accounting fee ratio	0.2%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2021 (Latest)$333K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2021IRS

Classification, formation year, addressIRS Business Master File

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