New Workforce Directions Inc
Nonprofit profile at a glance
- EIN
- 272323749
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Tulsa, OK, USA
- Phone
- 9184422204
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Employment Procurement Assistance
Reported finances
- Revenue
- $3,646,037
- Expenses
- $3,946,080
- Assets
- $2,959,125
- Liabilities
- $698,161
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- KAREN PENNINGTON (EXECUTIVE DIRECTOR)
Highest reported compensation
- KAREN PENNINGTON (EXECUTIVE DIRECTOR): $192,663 total reported compensation
- STEVE TUMPKIN (EMPLOYEE): $110,620 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Madison strategies group's mission is to build and strengthen job skills, see schedule "o" for detail.madison strategies group's mission is to build and strengthen the talent and skill of those job seekers we serve. We empower job seekers with the ability to effectively meet the needs of our employer partners. By investing and engaging in innovative solutions and partnerships, we provide hope for those we serve, our business partners, and the community at large.
What it reported doing in 2024
Madison strategies group's mission is to build and strengthen job skills, see schedule "o" for detail.madison strategies group operates multiple workforce development programs in tulsa that provide underserved residents with no-cost education, employment, and advancement opportunities that lead to greater financial security and economic self-sufficiency. Msg's flagship program, tulsa community workadvance, is a unique, sector-based, dual-customer workforce model that has been proven to work through a national research study. The innovative workadvance model combines no-cost, customized technical training and placement services with extensive career advising and soft skills training to help low-income individuals rise out of poverty while meeting the needs of businesses in high-demand sectors. Workforce and career needs continue to grow among low-income, underemployed, and unemployed populations throughout tulsa. In response, msg has expanded and launched multiple programs designed to serve targeted tulsa residents with training, job placement, and career coaching services that increase economic mobility and strengthen tulsa's talent pipeline. These initiatives not only help individuals advance to but also provide local businesses with a expanded pool of skilled workers. Msg's programs serve a variety of populations, including young adults ages 1824 through the nextup program, public housing residents through jobsfirst, residents of north tulsa through the due north program, households withyoung children through the career connection program, and adults seeking to upskill through the retrain tulsa program.in 2024, msg served over 1,200 individuals with career readiness training, job placement, advanced training, and career advancement and coaching services. Over 270 of msg's customers secured new jobs in 2024, earning an average of 25% more in income after our training and services. As our economy and workforce continue to change, we are focused on training and preparing people for jobs of the future and technology-based jobs. Msg is well-positioned to respond and ensure that individuals in our community are trained and placed into great careers that provide businesses with skilled workers.
Operating model
- Revenue model
- Donor-supported. 67% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 65
- Accountability: 100
- Sustainability: 24
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 93.3%; rating input score 93
- Fundraising efficiency: $103.1 raised per $1 spent on fundraising; rating input score 87; 87th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- 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; 63rd percentile among comparable filings
- Governance controls: 8 of 8 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: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -8.2%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0.75; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 40; 40th percentile among comparable filings
- Officer compensation ratio: 7.7%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 10.3% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 7.2% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 20.2% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 93.3% of spending went to programs
- Governance: 10 of 10 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $3.7M in reported program spending
- Leadership: top reported pay $193K · 12 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $446K reported
- Consistency: 24 of 24 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 15/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 40/100.