Career Resources Inc

What it reported doing in 2024

Adult and youth programs ged/eslour yearround, inhouse program provides a convenient way for our customers to receive classroom and computer based training to pass the ged test and earn their high school diploma, opening doors to a whole new range of training and employment opportunities or enhance their english coversational skills. Youth career advancement (yca) youth career advancement (yca) is a free, 5 week professional development program operated in partnership with youthworks. This program focuses on enhancing career and college readiness in the 16-24 year-olds in the greater bridgeport area. Secure jobs ct is a two-year demonstration pilot designed to increase the income of families transitioning from homelessness to housing by connecting them to the education, training and supports they need to secure and maintain stable, competitive employment. This will be accomplished by better integrating and coordinating the efforts of the homeless services, workforce and child care sectors to effectively serve families participating in the department of housing's (doh's) Connecticut's rapid rehousing program (ctrrp). Foster grandparents funded by the corporation for national and community service, the foster grandparent program brings low-income senior citizens into 10 public schools in bridgeport, stratford, and fairfield to mentor children facing challenges in schools. Ipad academy-funded by the workplace, this program serves wioa-eligible out-of-school between the ages of 16 and 24. Participants use ipads to receive job-readiness training, conduct career path research, and develop leadership skills. Participants receive customer service credentials andindividualized tutoring in math and reading.

Financial Efficiency

• Mission deployment rate: 88.1%; rating input score 88
• Program expense ratio: 86.6%; rating input score 87
• Fundraising efficiency: $26.35 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • 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: -1.7%; rating input score 24; 24th percentile among comparable filings
• Total-asset coverage ratio: 0.6; rating input score 20; 20th percentile among comparable filings
• Liabilities to assets ratio: 0.47; rating input score 31; 31st percentile among comparable filings
• Officer compensation ratio: 6.4%; rating input score 40; 40th percentile among comparable filings

Growth

• Program expense growth: 10.5% per year; rating input score 100; 72nd percentile among comparable filings
• Revenue growth: 11.6% per year; rating input score 100; 79th percentile among comparable filings
• Asset growth: 23.8% per year; rating input score 100; 93rd percentile among comparable filings