Cw Group Inc

Nonprofit profile at a glance

EIN
222784283
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
New Britain, CT, USA
Phone
8602297700
Rating
87
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$18,785,519
Expenses
$13,220,606
Assets
$80,842,941
Liabilities
$6,104,413

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

32 people listed

Executive titles in this filing

  • WILLIAM GREEN (PRESIDENT & CEO)

Highest reported compensation

  • WILLIAM GREEN (PRESIDENT & CEO): $685,440 total reported compensation
  • MARTA JONES (CHIEF FINANCIAL OFFICER): $341,849 total reported compensation
  • REBECCA SARVELA (VP HUMAN RESOURCES): $286,726 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support, benefit, and promote the welfare, programs, and activities of its wholly owned subsidiaries that provide integrated vocational training and employment opportunities for those individuals who are physically, developmentally, emotionally, and/or socio-economically challenged.

What it reported doing in 2024

Vocational rehabilitation programs: assists its wholly owned 501(c)(3) subsidiaries in performing their charitable activities.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 87% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 96
  • Accountability: 100
  • Sustainability: 77
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.1%; rating input score 74
  • Program expense ratio: 99.2%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • 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: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 29.6%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 6.11; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 78; 78th percentile among comparable filings
  • Officer compensation ratio: 21.5%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 35.4% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 30% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 22.6% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 74.1% of revenue deployed · 99.2% of spending went to programs
  • Governance: 22 of 22 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $13.1M in reported program spending
  • Leadership: top reported pay $685K · 32 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $2.4M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Officer compensation ratio scored 3/100.