Workforce Inc

What it reported doing in 2024

Workforce, inc., doing business as recycleforce, advances a triple bottom line of social, environmental, and economic benefit through the operation of an employment social enterprise (ese) that provides paid transitional employment to individuals returning from incarceration while diverting electronic waste from Indiana landfills and reintegrating recovered materials into domestic manufacturing supply chains.recycleforce provides immediate employment upon release from incarceration, offering living wages combined with paid, on-the-job training, industry-recognized credentialing, and wraparound supports delivered during paid work hours. Recycleforce's workforce development activities are extended through keys2work, inc., a type i supporting organization of workforce, inc. Keys2work is organized, operated, and controlled by workforce, inc. Exclusively to further workforce, inc.'s exempt purposes. Keys2work operates as a nonprofit alternative staffing employment social enterprise and employs recycleforce participants as they transition from initial employment into higher-wage positions through temporary-to-permanent and direct-hire placements with employer partners.recycleforce and keys2work operate under the abc model: any job - better job - career, a trademarked workforce development framework designed to reduce recidivism and promote long-term economic mobility. The model provides immediate paid employment, transitional skill development and credential attainment, and placement into permanent employment. The abc model is recognized nationally as a notable practice.public benefit and outcomes: crime reduction: in fy 2023, recycleforce participants experienced a 17% recidivism rate, compared to national rates of 35%-70% and an Indiana rate of approximately 38%, contributing to improved public safety, increased tax revenue, higher child support compliance, and reduced incarceration and public assistance costs.environmental impact: recycleforce processes electronic waste into industrial feedstock, recovering valuable materials for reuse in manufacturing, including Indiana's steel industry, where approximately 85% of rebar is produced from recycled material.economic and social outcomes: the program reduces government expenditures, grows the local tax base, stabilizes families (with 100% of child support obligations met during program participation), and supports employer hiring and retention of returning citizens. Recycleforce has met or exceeded all employment and retention benchmarks across u.s. Department of labor grants over the past 14 years.recycleforce participated in the u.s. Department of labor-funded enhanced transitional jobs demonstration, a randomized controlled trial evaluating earnings and recidivism outcomes among 1,000 individuals released from incarceration. Recycleforce was the only program in the study to warrant a formal benefit-cost analysis. Supporting documentation is available upon request.recycleforce is funded through federal and philanthropic grants and earned revenue from electronic recycling operations. Keys2work is funded through grants and earned revenue from nonprofit alternative staffing services.footnoterecycleforce, inc. Transitional jobs program (abc model), recognized as a notable practice by blueprints for healthy youth development.https://www.blueprintsprograms.org/programs/1639999999/transitional-jobs-program-recycleforce/

Financial Efficiency

• Mission deployment rate: 66.8%; rating input score 67
• Program expense ratio: 75.6%; rating input score 76
• Fundraising efficiency: $12.74 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd 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; 66th percentile among comparable filings
• Governance controls: 4 of 8 controls in place; rating input score 50
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: Fail
  • 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: 15.3%; rating input score 77; 77th percentile among comparable filings
• Total-asset coverage ratio: 2.4; rating input score 68; 68th percentile among comparable filings
• Liabilities to assets ratio: 0.41; rating input score 36; 36th percentile among comparable filings
• Officer compensation ratio: Limited

Growth

• Program expense growth: 11.5% per year; rating input score 100; 75th percentile among comparable filings
• Revenue growth: 15.9% per year; rating input score 100; 88th percentile among comparable filings
• Asset growth: 28.6% per year; rating input score 100; 95th percentile among comparable filings