Overview
What is Worklife Partnership?
Worklife Partnership is a nonprofit organization located in Denver, Colorado, dedicated to improving the work-life stability of hardworking employees. In 2022, they assisted 2,755 individuals from various sectors, such as healthcare, manufacturing, and hospitality, providing support and resources. The organization connected employees with over 116,000 in direct cash assistance for necessities like housing, food, healthcare, transportation, and childcare. Additionally, Worklife Partnership offered resources and services to 11,311 clients, including financial services. The program significantly improved employees' well-being, with 81% reporting better life situations and higher job retention rates. In 2022, the health benefits navigation program helped 191 workers better understand their benefits, while the small dollar loan program lent over 441,000 to Colorado workers, providing essential financial support. The loan program, particularly popular among women and people of color, had a low default rate and improved borrowers' financial stability and job retention. Worklife Partnership's mission is to build prosperity for individuals, businesses, families, and communities by unleashing the potential of front-line workers through collaboration with their employers and other resources.
Official website here: www.worklifepartnership.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 87% - Three-Star out of Four Star Rating
Worklife Partnership has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in both accountability and community engagement. With a high Culture & Community Score of 98, the organization shows a commitment to fostering a supportive environment and effectively engaging with stakeholders. Its Program Expense Ratio of 73.59% indicates a substantial portion of its funds is directed towards programmatic activities.
The organization excels in equity strategies, scoring exceptionally well across various data and policy measures. It has achieved perfect scores in feedback collection and usage, demonstrating a robust mechanism for incorporating stakeholder input into its operations. Additionally, its board governance is commendable, featuring a fully independent board comprised of 10 members and a comprehensive approach to conflict of interest and whistleblower policies.
While the nonprofit shows many strengths, potential donors and stakeholders should be aware of the overall Three-Star rating, which suggests there may still be room for improvement in financial practices or organizational transparency. However, the lack of reported material diversions of assets and a transparent financial audit process enhances its credibility. Overall, Worklife Partnership appears to be a reliable nonprofit with a solid foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Worklife Partnership legitimate?
Worklife Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worklife Partnership submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $262,895
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,323,140
For more financial information, click here
Official website here: www.worklifepartnership.org
What is the mission statement of Worklife Partnership?
Worklife Partnership's mission is geared towards enhancing prosperity for individuals, businesses, families, and communities. They achieve this by fostering the potential of frontline workers through collaborative efforts with their employers and various resources. In 2022, their Resource Navigation Program assisted 2,755 employees, improving their work-life stability by 24% compared to the previous year. They partnered with 47 employers across various sectors to offer support and resources. Worklife connected employees with substantial financial aid and provided numerous resources and services, improving the well-being and job satisfaction of many employees. The Health Benefits Navigation Program helped workers better understand and navigate their benefits, while the Small Dollar Loan Program offered financial assistance to Colorado workers, particularly women and people of color, with minimal defaults and positive impacts on employment retention.
Official website here: www.worklifepartnership.org
Who is the CEO of Worklife Partnership?
Liddy Romero is the Chair of Worklife Partnership. The CEO's salary of Worklife Partnership is $252,699 and their total compensation is $262,895.
Official website here: www.worklifepartnership.org
What is the revenue of Worklife Partnership?
Worklife Partnership's revenue in 2022 was $3,213,775.
Official website here: www.worklifepartnership.org
Who are the executives of Worklife Partnership and what are their salaries?
The average compensation at Worklife Partnership during 2022 was $68,054. There are 38 employees and 12 volunteers at Worklife Partnership.
Here are 15 key members and their salaries (Worklife Partnership's CEO's salary is $252,699 and their total compensation is $262,895):
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- Compensation: $252,699
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- Other: $10,196
- Compensation: $184,212
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- Other: $15,736
- Compensation: $101,215
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- Compensation: $191,049
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- Other: $15,643
- Compensation: $114,824
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- Other: $83
Official website here: www.worklifepartnership.org
Where can I find the form 990 for Worklife Partnership?
Worklife Partnership's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.worklifepartnership.org
Learn more at the official website: www.worklifepartnership.org
Mission Statement of Worklife Partnership
Worklife Partnership, a nonprofit organization, is committed to fostering prosperity for individuals, businesses, families, and communities by empowering frontline workers. They achieve this mission by collaborating with employers and leveraging various resources. The primary goal is to unlock the potential of frontline workers, thereby improving their work-life stability and overall well-being.
The organization's initiatives in 2022 demonstrated its dedication to this mission. Through their Resource Navigation Program, Worklife Partnership helped 2,755 hardworking employees improve their work-life stability, representing a 24% increase from the previous year. They partnered with 47 employers across various sectors, providing assistance and resources to their employees in areas such as housing, food and nutrition, healthcare, transportation, energy assistance, and childcare. The organization also offered financial services, support groups, and crisis stabilization services, among others. The impact of Worklife Partnership's services was evident in the responses from the employees, with 81% reporting improved well-being and 71% expressing a higher likelihood of remaining with their current employer.
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Impact
July, 2024
Worklife Partnership's impact is evident in the significant positive outcomes it has achieved for hardworking employees. In 2022, the organization's resource navigation program helped 2,755 individuals improve their work-life stability, marking a 24% increase from the previous year. By partnering with 47 employers across various sectors, Worklife Partnership connected employees with over $116,000 in direct cash assistance for essential needs such as housing, food, healthcare, transportation, energy, and childcare.
Moreover, the organization provided 11,311 resources and services to clients, with over 1,000 specifically related to financial services. The tangible results of their efforts are reflected in client feedback, with 81% of workers reporting they are now in a better place, 71% more likely to stay with their current company, and 87% feeling positive about working for an employer that offers resource navigation services.
Additionally, Worklife Partnership's health benefits navigation program supported 191 workers in understanding and utilizing their benefits effectively. Following the program, 81% of participants expressed improved understanding of their benefits, 70% indicated an increased likelihood of staying with their current employer, and 37% reported fewer missed workdays.
Furthermore, their small dollar loan program provided vital financial support to Colorado workers, exemplified by lending over $441,000 with a minimal default rate. This program not only benefited borrowers financially but also helped them stay loyal to their employers, with 94% expressing a greater likelihood of remaining with their current company due to access to the loan program.
Overall, Worklife Partnership's impact extends beyond financial assistance, empowering individuals, supporting businesses, and fostering stronger communities by unlocking the potential of frontline workers through collaborative efforts with employers and other resources.
This information is meant to be a general summary of Worklife Partnership. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,897
- Program Service Revenue: $2,404,041
- Gross Receipts: $3,213,775
Assets and Liabilities:
- Total Assets: $3,313,750
- Total Liabilities: $2,529,525
- Net Assets: $784,225
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR SERVICE
Revenue
$2,404,041
Organization Details
Founding Year
2014
Phone
(303) 298-1625Principal Officer
Liddy Romero
Main Address
3513 BRIGHTON BLVD SUITE 489, DENVER, CO, 80216
Website
www.worklifepartnership.orgNTEE Category
Code: J20 - Employment
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