Volcker Alliance Inc

What it reported doing in 2024

See schedule ooverviewthe volcker alliance is a nonprofit founded by former federal reserve board chairman paul a. Volcker dedicated to advancing his vision of an empowered public sector workforce. We promote innovation in public service education, empower leaders to build the democracy of our future, connect talent to city, state, and federal government jobs, and inspire others with the story of mr. Volcker's commitment to public service. The volcker alliance has helped define the field of public service education through convening and supporting the deans summit. The deans summit is a generative network of deans and directors of the nation's schools of public service. Recognizing that broadening the reach of public service education is critical to the future of our democracy, nearly 80 members of this collaborative shed competitive posture in favor of collective action.for example, in collaboration with the constructive dialogue institute (cdi), the alliance is working with 14 schools of public service to develop new courses and curricula to teach skills for collaborating across difference. Additionally, the alliance launched a new initiative in 2024-service to service-with our partners at we the veterans and military families. Service to service aims to connect veterans and military families with public service education pathways and connect them to stable and impactful careers in public leadership. A dozen service to service pilot schools are recruiting veterans and military family members into master's degree programs, providing them with a meaningful cross-campus fellowship experience that encourages network building and professional development, and will facilitate placement in state and local government jobs upon degree completion. Our next generation service corps (nextgen service) introduces undergraduates from all majors to public service values and builds practical, collaborative, leadership skills. The national initiative comprises 20 of our nation's most innovative universities with plans to onboard five additional schools in 2025.nextgen service has catalyzed a national network of over 1,000 undergraduate students who are passionate about the future of our democracy and are actively seeking opportunities to get civically involved. The volcker alliance is helping to propel this extraordinary network of civic-minded students into public service careers by hosting a range of innovative networking and leadership development activities.the volcker alliance also continues to expand its public finance portfolio. Our special briefing program, produced in partnership with the university of Pennsylvania institute for urban research, attracts strong viewership for the video livestream and podcast editions. We released three issue papers in 2024: state tax cuts after the pandemic: strategies to sustain fiscal health, doom loop or boom loop: work from home and the challenges facing america's big cities, and benefit or burden: evaluating $1 trillion in state tax expenditures. The volcker alliance also engaged in a strategic planning process in 2024, to consider how it might revive its truth and integrity in state budgeting (tisb) report series to serve the prospective needs of state fiscal policymakers and drive best practices in the post-pandemic world.our talent initiatives seek to strengthen and expand the talent pipeline into government. Through the transformers in the public sector initiative, we are supporting a cohort of states that are implementing strategies that broaden access to state jobs for workers who are skilled through alternative routes (stars). Additionally, our virtual job fairs have brought together over 6,000 job seekers with representatives from more than 300 government agencies urgently seeking talent. One event held in october 2024, in partnership with the u.s. Office of personnel management and the tech to gov coalition, drew more than 1,300 job seekers to engage with representatives from 30 federal

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 82.9%; rating input score 83
• Fundraising efficiency: $15.26 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • 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: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 88.2%; rating input score 88; 19th 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: -39.1%; rating input score 3; 3rd percentile among comparable filings
• Total-asset coverage ratio: 3.6; rating input score 78; 78th percentile among comparable filings
• Liabilities to assets ratio: 0.06; rating input score 67; 67th percentile among comparable filings
• Officer compensation ratio: 30.1%; rating input score 5; 5th percentile among comparable filings

Growth

• Program expense growth: 7.6% per year; rating input score 100; 54th percentile among comparable filings
• Revenue growth: 2.6% per year; rating input score 100; 24th percentile among comparable filings
• Asset growth: 2.4% per year; rating input score 100; 21st percentile among comparable filings