Power2workers

Nonprofit profile at a glance

EIN
871517041
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023, Form 990-N 2022
Location
Los Angeles, CA, USA
Phone
3107703771
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Labor Unions

Official website

Reported finances

Revenue
$1,161,864
Expenses
$922,392
Assets
$273,431
Liabilities
$6,240

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

Leadership & pay

6 people listed

Executive titles in this filing

  • MARGARET WHITE (BOARD PRESIDENT)
  • PAMELA PAIGE (VICE PRESIDENT)

People named in this filing

  • MARGARET WHITE (BOARD PRESIDENT)
  • PAMELA PAIGE (VICE PRESIDENT)
  • NANCY ZEOLI (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Our purpose is to focus on training, employment referral, and retention support on public works construction projects.

What it reported doing in 2024

Power2workers has a history of success in job placement rates for trainees from priority populations demonstrated by the number of participants. We have successfully placed 93 participants into construction career pathways so far and served 218 ready to work participants to prepare them for a career in construction, meaning they have completed our orientation where we provided resources to pursue a career in construction. This could include union application information and other educational resources to support a construction career pathway. Power2workers strives to expand training and employment support services to local residents, target outreach to local residents who live in disadvantaged census tracts, report out monthly on local hire goals met to date by each subcontractor based on payroll details, celebrate hiring accomplishments and support referrals for contractors that need to increase their local and targeted worker participation, support participants in their employment by assisting with necessary resources to ensure their success such as access to funds for tools, union sponsorship fees, transportation expenses such as vehicle repairs, fuel stipends, vehicle insurance, housing assistance and other reasonable costs proven to be integral in their success.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% 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. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 57
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.4%; rating input score 74
  • Program expense ratio: 93.7%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 20.6%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 61; 61st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 151.3% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 200% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 74.4% of revenue deployed · 93.7% of spending went to programs
  • Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $865K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • Review — Grant Readiness: California registration: this organization could not be resolved against the register, so the check is unfinished.