Forty Plus of Greater Washington Inc

What it reported doing in 2020

ACCOMPLISHMENTS for Career Transition Skills Course: A) 89% of graduates surveyed have secured employment; B) 39% of graduates surveyed have been able to regain, or surpass, their prior income level... ACCOMPLISHMENTS FOR CAREER TRANSITION SKILLS COURSE CONTINUED: A 2019 survey of graduates found 89% are employed or self-employed and 39% of graduates have been able to regain, or surpass, their prior income level. Fifteen percent of graduates surpassed their previous income by 10% or more. Of those graduates who secured employment, the great majority (72%) were re-employed in a full-time job. A 2018 analysis by ProPublica and the Urban Institute-based on a nationwide longitudinal study sponsored by NIH and Social Security Administration, of 20,000 workers over the age of 50-found that 56% of workers in the study were laid off or involuntarily separated from their job at least once after age 50, and only 10% of these workers were able to regain their previous income level. As 39% of our graduates regained their income, that puts our graduates at close to four times higher than the national average, as indicated by the NIH and Social Security Administration study. D) Pre and Post Course Assessments indicate an improvement of up to 85% in interviewing capability. E) 94% of graduates would recommend our course to family and friends. DESCRIPTION: The course is a four-week immersive and transformative job search skills training program, facilitated by 24 selected volunteers who are graduates of the course and have mastered the skills being taught. Fees paid to take the 43-hour course (approximately $14.00 per instruction hour) are a fraction of the cost of private coaching. Each class has a maximum of seven students to assure optimum small-group dynamics. About 42 people benefited from taking the course in 2019. Training in 2019 included scored Pre and Post Assessments to help students identify areas that they should focus on during the course and how they have improved after the course. After the course ends, students form a job club with their former classmates to support and assist each other through the job-search process.

Financial Efficiency

• Mission deployment rate: 0%; rating input score 0
• Program expense ratio: 0%; rating input score 0

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100

Sustainability

• Operating margin: -89.8%; rating input score 14; 14th percentile among comparable filings
• Total-asset coverage ratio: 0.81; rating input score 30; 30th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

• Program expense growth: -200% per year; rating input score 0; 0th percentile among comparable filings
• Revenue growth: -58.5% per year; rating input score 0; 6th percentile among comparable filings
• Asset growth: -45.4% per year; rating input score 0; 3rd percentile among comparable filings