Center for Acknowledging the Values Accomplishments and Lives Of

What it reported doing in 2025

CAVALRY is a veteran-led nonprofit workforce intermediary and U.S. Department of Labor Registered Apprenticeship sponsor that connects K-12 and higher education, employers, and community and workforce partners to create accessible pathways from education to employment. CAVALRY expands access to career-connected education, work-based learning, industry-recognized credentials, pre-apprenticeships, registered apprenticeships, and employment opportunities designed to increase economic mobility while helping employers develop the skilled talent they need. During the year, CAVALRY continued to expand its workforce development model by connecting education, industry-recognized credentials, real-world work experience, and employment. Building on its established Project Management pathway, CAVALRY began developing and implementing two additional career pathways in Accounting/Financial Management and Supply Chain. This expansion enables CAVALRY to provide participants with access to multiple professional career pathways while responding to employer and regional workforce needs. CAVALRY's traditional workforce development and apprenticeship programming continued to demonstrate strong outcomes, achieving a 91% industry certification pass rate and a 91% job placement rate. Participants develop technical and transferable skills through structured career preparation, pre-apprenticeship and apprenticeship experiences, mentorship, industry-recognized credential preparation, work-based learning, and real-world projects. These outcomes demonstrate CAVALRY's focus not simply on training participation, but on helping participants translate education, credentials, and professional experience into meaningful employment and greater economic mobility. CAVALRY also operated Generation E (Gen E), its middle school career exploration and workforce readiness initiative, at a Title I school during the year. Gen E introduces students to career pathways and helps them begin developing professional and transferable skills through hands-on, project-based learning and early career exposure. The program helps students understand the connection between education, skills, industry credentials, work experience, and future career opportunities. By beginning this exposure in middle school, Gen E serves as an early entry point into CAVALRY's broader education-to-employment continuum. CAVALRY also continued development of its Degree-Based Apprenticeship model, designed to integrate postsecondary education with work-based learning, industry-recognized credentials, mentorship, and progressively responsible employment experiences. The model builds upon CAVALRY's existing apprenticeship experience to create a connected pathway that can begin with career exploration in middle school, progress through high school career preparation, pre-apprenticeship and dual-credit opportunities, and continue into college, registered apprenticeship, and employment. The model is designed to enable participants to simultaneously progress toward academic credentials, develop professional experience, earn industry-recognized credentials, and build meaningful connections with employers. As its programming has expanded, CAVALRY has also strengthened its role as a workforce intermediary, working across education, industry, and the community to help close gaps between education and employment. CAVALRY collaborates with school districts, colleges and universities, employers, professional associations, nonprofits, and workforce and community organizations to identify workforce needs, develop career-connected and work-based learning opportunities, support talent development, and strengthen connections between students and employers. Employer and community partners contribute through mentorship, career exposure, project-based learning, workforce feedback, work-based learning, and employment opportunities. Through this collaborative ecosystem approach, CAVALRY is building a continuum from early career

Financial Efficiency

• Mission deployment rate: 42%; rating input score 42
• Program expense ratio: 83.8%; rating input score 84
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 90.9%; rating input score 91; 10th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 90%; rating input score 90; 26th percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 49.9%; rating input score 91; 91st percentile among comparable filings
• Total-asset coverage ratio: 1.77; rating input score 61; 61st percentile among comparable filings
• Liabilities to assets ratio: 0.08; rating input score 38; 38th percentile among comparable filings
• Officer compensation ratio: 24.4%; rating input score 12; 12th percentile among comparable filings

Growth

• Program expense growth: 99.6% per year; rating input score 100; 99th percentile among comparable filings
• Revenue growth: 83.1% per year; rating input score 100; 98th percentile among comparable filings
• Asset growth: 84.1% per year; rating input score 100; 98th percentile among comparable filings