Adec Inc

What it reported doing in 2024

Adult training and vocational services include employment services, adult habilitation and integrated community employment at adec industries. At adec, we promote choice and possibility by providing quality employment services for individuals experiencing life with a disability or barrier. We work with each of our clients one-on-one ensuring his or her goals, interests and abilities are taken into consideration. We seek to develop meaningful employment opportunities while helping them become a qualified candidate for competitive employment through a variety of services, which may include: benefit analysis, vocational testing, situational assessment, job shadow, work experience, job readiness training, job development/search, resume help, interview skills, public transportation training, and shopping assistance. After gaining employment, adec will continue to support the client and employer as they transition and adjust. Depending on the individual's needs, support may include additional training, job coaching on or off site, adaptive technology and job accommodations, self-advocacy, and assistance with interpersonal and communication skills. Adec's skills training program is designed to help bridge the gap between education and employment. The program is open to any individuals with disabilities interested in joining the workforce, but is aimed at upcoming and recent high school graduates. Over the past year in elkhart and st. Joseph counties, we have served approximately 300 clients in various stages of employment services including discovery, job placement, supported employment, and extended services. Adec's adult habilitation services are designed to provide adults living with an intellectual disability a meaningful day, every day. We accomplish this by taking time to discover the abilities and interests of the people we serve, and then challenging them to work at developing those skills, abilities and interests. The key objectives in adec's day service program are to provide opportunities for productivity, recreation and socialization each day. Productivity is accomplished by providing a variety of activities, including; woodworking, art, baking and cooking, photography, sewing, and other "vocational" activities. Recreation is accomplished by providing not only exercise groups, but also organized community recreational opportunities such as individual and team sports (i.e., softball, basketball, bowling, etc.). Socialization is accomplished by offering volunteer opportunities in the community, participating in organized social events and patronizing community shops, services and resources such as the library, parks and restaurants. Adec's assistive technology program integrates the use of technology to help promote independence in those we serve. This is accomplished through training staff and clients on technologies that will give those with disabilities greater independence, researching and implementing assistive technologies in our programs and developing our own technological solutions where there is no existing solution. Adec industries provides employment in a factory environment. Employees work on a variety of packaging and assembly projects serving local industry. Through regular coaching, adec monitors employee progress and provides support as needed to assure success on the job. Adec industries manufactures and sells our silver linings products; trash liners that come in a variety of sizes and strengths. The sales from the silver linings brand trash bags help support the program to continue in its mission.

Financial Efficiency

• Mission deployment rate: 91.4%; rating input score 91
• Program expense ratio: 88.4%; rating input score 88
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th 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 25; 25th percentile among comparable filings
• Total-asset coverage ratio: 1.81; rating input score 58; 58th percentile among comparable filings
• Liabilities to assets ratio: 0.06; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 2.9%; rating input score 69; 69th percentile among comparable filings

Growth

• Program expense growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
• Revenue growth: 2.6% per year; rating input score 100; 23rd percentile among comparable filings
• Asset growth: 7.7% per year; rating input score 100; 53rd percentile among comparable filings