Alliance for Strategic Growth Inc

What it reported doing in 2024

Other program activities: the adult education and literacy programs help adults learn basic skills including reading, writing, math, english language proficiency and problem solving needed to be productive workers. State allocations are based on each state's share of adults who lack a high school diploma or the equivalent who are not enrolled in school.the trade adjustment assistance, or taa, program assists u.s. Workers who have lost their jobs as a result of foreign trade and is authorized by the trade adjustment assistance reauthorization act of 2015. The program is funded by the federal government and administered by state agencies through the workforce systems and unemployment insurance programs. Benefits provided under taa include training and employment services, and weekly income support payments. Funds for taa employment and training services are allocated to states based on a formula that considers past and anticipated future program usage. The income support and wage insurance programs are administered through local job centers, similar to the unemployment insurance system, with funding provided via the department of labor.pre-ets services are specifically provided to students with disabilities. A student with a disability, includes students in secondary school between the ages of 14 through the school year in which the student becomes 22. Services include job exploration counseling, work-based learning, counseling on opportunities for enrollment in comprehensive transition or postsecondary educational programs at institutions of higher education, workplace readiness training to develop social skills and independent living, instruction in self-advocacy.coronavirus relief - to accelerate Indiana's economic and workforce recovery from covid-19, the state is dedicating federal funding available through the coronavirus aid, recovery and economic security (cares) act to provide access to short-term education and training opportunities provided by training providers through an expanded next level jobs (nlj) program. The purpose of this grant is to provide access to outstanding education and training for hoosiers to earn a high-value certificate in one of Indiana's in demand, high-growth job fields through the expanded workforce ready grant-rapid recovery program. The expanded and approved programs have been targeted for maximum potential to aid in the economic recovery of the state. Youthbuild-serve to provide pre-apprenticeship services that support education, occupational skills training, and employment services to opportunity youth, ages 16 to 24, while performing meaningful work and service to their communities.

Financial Efficiency

• Mission deployment rate: 90.2%; rating input score 90
• Program expense ratio: 89.7%; rating input score 90
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd 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: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -0.6%; rating input score 31; 31st percentile among comparable filings
• Total-asset coverage ratio: 0.57; rating input score 20; 20th percentile among comparable filings
• Liabilities to assets ratio: 0.9; rating input score 7; 7th percentile among comparable filings
• Officer compensation ratio: 7.8%; rating input score 38; 38th percentile among comparable filings

Growth

• Program expense growth: -0.1% per year; rating input score 0; 13th percentile among comparable filings
• Revenue growth: -3.2% per year; rating input score 0; 5th percentile among comparable filings
• Asset growth: 9.2% per year; rating input score 100; 55th percentile among comparable filings