Workforce Alliance Inc

Nonprofit profile at a glance

EIN
061090440
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
New Haven, CT, USA
Phone
2038674030
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$13,186,859
Expenses
$13,034,089
Assets
$3,273,704
Liabilities
$2,799,144

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

Leadership & pay

30 people listed

Executive titles in this filing

  • WILLIAM P VILLANO (PRESIDENT & CEO)

Highest reported compensation

  • WILLIAM P VILLANO (PRESIDENT & CEO): $288,720 total reported compensation
  • NAOMI WEINBLAD (CFO): $191,937 total reported compensation
  • JOHN BRANCATO (DIR. YOUTH SERVICES & QUAL): $190,464 total reported compensation

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

Overview

Mission

Provide job training through various programs.

What it reported doing in 2024

Adultmost services for wioa adults will be provided through the ctworks career center one-stop american job center system in the region. Eligibility for wioa adult services varies from activity to activity. Many services are available to all adults with no eligibility requirements. More intensive services are available for unemployed/underemployed individuals who are not able to find jobs though core services alone. To participate in intensive services and/or training, individuals must fit at least one of the following categories: individuals must have annual income no greater than 70% of the federal lower living standard income level (llsil) as determined by their family size individuals, who exceed llsil income guidelines, but have a substantial barrier to employment (ex-offender, homeless, school dropout, or basic skills deficient.in cases where customers receive intensive services, and are still not able to find jobs, they may receive training linked to job opportunities in the region. Training may consist of occupational skills training, on-the-job training, skill upgrading, job readiness training, and adult education and literacy activities in conjunction with other training, wioa funding also allows supportive services (e.g., transportation, tools, uniforms) to assist participants in training to enhance their success in the activity.

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 41% for direct work, and 59% for grants.

The verdict

SUPPORTED - 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 program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 72
  • Accountability: 86
  • Sustainability: 24
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.8%; rating input score 93
  • Program expense ratio: 93.9%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.2%; rating input score 99; 33rd 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: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.2%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.25; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0.86; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 9%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: -0.6% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -0.2% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: -3.5% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 92.8% of revenue deployed · 93.9% of spending went to programs
  • Governance: 24 of 24 board members independent · 6 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $12.2M in reported program spending
  • Leadership: top reported pay $289K · 30 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 42 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 25/100.