United Way of Greater Charlottesville

What it reported doing in 2024

Financial stability: united way helps families achieve financial independence by providing: innovative services that leverage the organization's strengths as a collaborator and convener, access to a network of partner nonprofits with complimentary services, and grant opportunities for small business owners. The organization's five-year strategic goal is to help support 1,800 alice families move closer to financial independence by december 2027 in the thomas jefferson planning district (tjpd). See sch. O for continuation. Strategies and programs include:1. Family investment program: a family-centered investment model that supports families who are working toward financial stability by eliminating specific barriers to success. 2. Driving lives forward: connects economically disadvantaged individuals and families with reliable motor vehicles, downpayment assistance, auto insurance support, and affordable auto loan financing. 3. Uw2work fleet: united way formed uw2work, llc to hold a fleet of loaner vehicles in partnership with piedmont Virginia community college's network2work program. The program offers used vehicles to clients for a six-month period, with the option to purchase, based on meeting eligibility criteria. Vehicles are temporarily titled to united way until ownership transfers to the client. 4. Financial resiliency: the task coalition (frtc), comprising nine area agencies, seeks to identify and implement strategies to remove barriers impacting the financial stability of families from under-resourced and marginalized communities living in or near poverty. United way acts as the backbone and service provider through collaboration and coordination of partner services. The frtc approach focuses on target populations via financial resiliency metrics, shared data between partners and three-year client commitment, and personalized goals and support for families in the city of charlottesville and albemarle county. 5. Grant-making for small business: targeted grantmaking to promote entrepreneurship and alternative forms of employment/wealth-building among economically disadvantaged and marginalized populations from underserved communities with historically limited access to capital.6. Lyft: provides an alternate mode of transportation to those who not own a vehicle or have an inoperable vehicle so they are able too get to work, job interviews or training, and other employment-related activities.7. Vehicle repair: provides critical support for individuals who own a vehicle but are unable to afford necessary repairs8. Prosper: a family-centered program that empowers families to achieve long-term financial independence and success by offering access to personalized support, financial education, skill-building and incentive-based rewards.

Financial Efficiency

• Mission deployment rate: 92.7%; rating input score 93
• Program expense ratio: 92.8%; rating input score 93
• Fundraising efficiency: $18.82 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.4%; rating input score 94; 22nd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 93.1%; rating input score 93; 22nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

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: 0.7%; rating input score 36; 36th percentile among comparable filings
• Total-asset coverage ratio: 0.71; rating input score 25; 25th percentile among comparable filings
• Liabilities to assets ratio: 0.1; rating input score 73; 73rd percentile among comparable filings
• Officer compensation ratio: 3.1%; rating input score 67; 67th percentile among comparable filings

Growth

• Program expense growth: 22.8% per year; rating input score 100; 92nd percentile among comparable filings
• Revenue growth: 21.2% per year; rating input score 100; 93rd percentile among comparable filings
• Asset growth: 5.1% per year; rating input score 100; 36th percentile among comparable filings