The Fedcap Group Releases Fiscal Year 2025 Operating and Financial Results
Revenue Growth Driven by Expanded Portfolio of Programmatic Work Across a Diversified Geographic Footprint
"In 2025, we advanced our mission by entering emerging fields that open new pathways to economic mobility for individuals facing barriers. Our acquisition of Runway of Dreams and Gamut Management strengthens provides new avenues of opportunity in adaptive fashion and inclusive lifestyle design—an emerging field redefining access and opportunity for individuals with disabilities. The addition of the Verdancy Group expands our presence in the global green-skills economy, preparing workers for high-demand jobs in sustainability and clean energy. Bringing on Big Picture Learning
"Positive program outcomes have translated directly into Fedcap's organizational resilience and long-term growth. In 2025, Apex Technical School was recognized with the Accrediting Commission of Career Schools and Colleges School of Excellence Award, Fedcap Rehabilitation Services was honored with the 2025 NYSID Member Agency of the Year Award, and our
Operational Highlights
The Fedcap Group operates in four practice areas—education, workforce development, health, and economic development—across 30 nonprofit subsidiaries in more than 110 locations spanning
Education
The Education Practice has experienced significant growth through the launch of new programs and market expansions, serving 7,748 students across child development through post-secondary trades programs—more than a 56% increase from 2024. In FY25, the Education Practice had an 89.7% student completion rate and a 74.2% job placement rate in sectors graduates were trained in.
Workforce Development
Workforce Development delivered strong results, placing over 31,181 individuals into employment in the
Health
The Health Practice demonstrated continued growth driven by the success of the Single Stop case management and benefits screening program, which served more than 76,000 individuals and yielded more than
Economic Development
The Economic Development Practice has built on Fedcap's 90-year history by creating sustainable employment opportunities, with a particular focus on individuals with disabilities. Through its social enterprises, Fedcap directly employed more than 1,000 individuals in fiscal 2025 at competitive salary levels, fostering economic stability and advancing workforce inclusion.
There has been a significant increase in the retirement assets of Fedcap's direct client service workers, growing from
International Expansion
Since entering international markets in 2017, Fedcap has established a significant presence in
FY2025 Financial Results
Fedcap achieved
Fedcap maintains a strong business development pipeline valued at approximately
Outlook
"Looking ahead to fiscal 2026, we believe Fedcap is well-positioned to navigate the continued volatility in the broader economic and political landscape," said McMahon. "Our strategic revenue diversification—driven by the scaling of fee-for-service education programs and ongoing geographic diversification achieved through the growth of our
About The Fedcap Group
For nearly ninety years, The Fedcap Group has developed scalable, innovative, and potentially disruptive solutions to some of society's most pressing needs. The Fedcap Group drives economic mobility through four practice areas—education, workforce development, health, and economic development. The Fedcap Group also invests its time and resources in broader system change—working in partnership with federal, state, and local government to improve the way services are designed, funded, and delivered. For more information visit www.fedcapgroup.org.
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Consolidated Statement of Financial Position | |||
As of | |||
2025 | 2024 | ||
Unaudited | Audited | ||
ASSETS | |||
Cash and short term investments | $ 49,396,635 | $ 44,782,985 | |
Accounts Receivable (net) | 66,532,142 | 67,854,815 | |
Restricted Current Assets | 2,677,161 | 2,677,161 | |
Inventories (net) | 570,111 | 268,491 | |
Prepaid Expenses and Other Assets | 14,003,191 | 11,624,074 | |
Total Current Assets | $ 133,179,240 | $ 127,207,526 | |
Fixed Assets (net) | 79,920,998 | 83,597,003 | |
Operating Lease ROU Assets | 80,284,602 | 82,714,494 | |
ROU Finance Assets | 64,584,992 | 67,543,511 | |
Restricted Assets | 37,618,209 | 40,295,370 | |
Beneficial Remainder Trust | 5,618,494 | 5,638,867 | |
Other Assets | 1,259,456 | 1,122,157 | |
Total Assets | $ 402,465,991 | $ 408,118,928 | |
Liabilities | |||
Accounts Payable and Accrued Liabilities | $ 40,311,761 | $ 51,455,168 | |
Notes Payable | 3,666,196 | 3,483,264 | |
Advance from Government Agency | 40,206 | 1,994,103 | |
Financing Lease Liabilities | 1,855,207 | 1,778,617 | |
ROU Liabilities | 8,167,512 | 10,280,832 | |
Other Current Liabilities | 9,705,643 | 11,089,217 | |
Total Current Liabilities | 63,746,526 | 80,081,201 | |
Long Term Debt | $ 115,667,535 | $ 107,074,418 | |
ROU Liabilities | 81,146,976 | 78,074,139 | |
Line of Credit | 20,886,439 | 31,303,482 | |
Other Liabilities | 17,012,665 | 12,791,887 | |
Total Liabilities | 298,460,141 | 309,325,127 | |
Net Assets | |||
Without Donor Restrictions | $ 52,436,717 | $ 47,224,668 | |
With Donor Restrictions | 51,569,132 | 51,569,133 | |
Total Net Assets | $ 104,005,849 | $ 98,793,801 | |
Total Liabilities & Net Assets | $ 402,465,991 | $ 408,118,928 | |
Current Ratio | 2.09 | 1.59 | |
A/R Turnover Ratio | 6.08 | 5.58 | |
A/R Average Days Outstanding | 60 | 65 | |
Consolidated Statement of Activities | |||
for the period ended | |||
2025 | 2024 | ||
Unaudited | Audited | ||
REVENUE | $ 404,479,460 | $ 378,651,750 | |
EXPENSES | |||
Salaries and benefits | $ 207,725,698 | $ 200,980,621 | |
Occupancy | 36,586,735 | 34,836,915 | |
Subcontractors | 31,060,648 | 33,878,068 | |
Depreciation and amortization | 7,733,324 | 7,673,498 | |
Interest expense | 5,731,244 | 6,223,045 | |
Other expense | 110,429,763 | 92,820,219 | |
TOTAL EXPENSES | $ 399,267,412 | $ 376,412,366 | |
$ 5,212,048 | $ 2,239,384 | ||
Operating Ratios | |||
Net operating ratio | 1.29 % | 0.59 % | |
Program Expense Ratio | 88 % | 88 % | |
Personnel cost ratio | 51.4 % | 53.1 % | |
View original content to download multimedia:https://www.prnewswire.com/news-releases/the-fedcap-group-releases-fiscal-year-2025-operating-and-financial-results-302643796.html
SOURCE The FedCap Group
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