United States Federation for Worker Cooperation

What it reported doing in 2024

See Schedule OIn 2024 USFWC grew our total membership by more than 8 percent and net member contributions by 7 percent. We provided access to dental and vision benefits for over 660 people across 68 member organizations through our Worker Benefits Program. Through a partnership with Just Futures we also provided access to retirement benefits for 5 member organizations. USFWC continued our training and technical assistance services and resources through our Co-op Clinic and Consulting programs as well as industry specific peer networks.The Co-op Clinic provided 298 members with Technical Assistance or Training services to strengthen worker cooperatives and democratic workplaces. Over 528 people attended our workshops and webinars or received training resources. The Consulting team designed and facilitated low-touch and multi-month projects for 9 organizations with over 122 employees to help them improve their organizational strategy, practices and culture. USFWC hosted our largest-ever Worker Coop Conference in Chicago. It was attended by more than 600 worker-owners and movement builders, and included over 40 sessions and 50 meetups over the course of three days. Our policy team provided government officials with education and information regarding the worker co-op model, including ensuring member representation at the first White House Convening on Worker Ownership. We directly engaged more than 50 members in advocacy skills development through peer sharing and discussion. We continued educating and advising members and partners regarding worker ownership.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 87.5%; rating input score 88; 3rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 83.8%; rating input score 84; 36th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 1.6%; rating input score 41; 41st percentile among comparable filings
• Total-asset coverage ratio: 0.56; rating input score 26; 26th percentile among comparable filings
• Liabilities to assets ratio: 0.24; rating input score 28; 28th percentile among comparable filings
• Officer compensation ratio: 7.1%; rating input score 47; 47th percentile among comparable filings

Growth

• Program expense growth: 27.8% per year; rating input score 100; 89th percentile among comparable filings
• Revenue growth: 20% per year; rating input score 100; 85th percentile among comparable filings
• Asset growth: 24.6% per year; rating input score 100; 87th percentile among comparable filings