
Compass Working Capital
Model & Strategy
Compass Working Capital provides incentive-based financial coaching and savings programs that empower working, low-income families to build assets, achieve their financial goals and become financially secure. More broadly, Compass seeks to build a leading nonprofit financial services organization that promotes financial security and economic mobility for working poor families by influencing field-related practice and policy.
Compass is the first nonprofit organization in the U.S. to launch an asset building model for the Family Self-Sufficiency (FSS) program, an employment and savings program for families who live in federally subsidized housing – a market with the potential to reach approximately 1.6 million eligible households nationwide. The Compass FSS model identifies and invests in working, low-income families who seek to build a strong financial future. The program couples financial coaching and education with a powerful earnings and savings incentive to help participants increase their income, build assets, establish a strong credit history, access high quality financial products and reduce their reliance on public assistance.



Sherry Riva is the Founder and Executive Director of Compass Working Capital (“Compass”). Sherry founded Compass after more than a decade working with various direct service organizations that served low-income women and families, including several years running a transitional shelter for women in Seattle, WA. During this time, Sherry observed first-hand the cycle of poverty that traps many working poor families. She launched Compass, an organization rooted in the anti-poverty and asset development field, to empower working poor families to build savings and assets as a pathway out of poverty.
Sherry is part of the 2015 class of GLG (Gerson Lehrman Group) Social Impact Fellows joining 12 world-leading innovators and nonprofit leaders. Sherry was also a 2013 recipient of Citi’s Community Development Innovation and Impact Fund. In 2013, Compass was selected to the Social Impact 100, the first-ever, broad index of U.S. nonprofits with proven results and strong potential to scale.
IMPACT
A multi-year, quasi-experimental study of Compass’s program concluded that participants earned more income and received fewer welfare payments than their matched peers. They also achieved positive credit and debt outcomes that exceeded benchmarks.
An interim cost-benefit analysis found that participants gained more than $10,000 in increased income over a five-year period as a result of participation in the program, at a net cost to the government of only $276 per participant.
In 2018, Compass leveraged its on-the-ground expertise to help pass federal legislation that will expand the scope and impact of an asset-building program for families living in federally subsidized housing, and increase federal funding for the program.
Compass Working Capital News
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As of 12/8/22, we have decided to pause engagement & activities on Twitter for the foreseeable future. To stay up t… https://t.co/K8fzA1h5Rq
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Generous #donors support Compass #families so they can build pathways out of poverty. We also advance systemic… https://t.co/6AHW5MHjF6
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Join the movement of #generosity on #GivingTuesday in 2022. $9/month creates new #resources for #families for one y… https://t.co/F4OcN3VI7i
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Christina: “My favorite part about the [Compass] FSS program is that I was taught lifelong lessons that I'm teachin… https://t.co/uFR188vo1e
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#GivingTuesday is a chance to help #clients like Damali build pathways out of poverty for herself and her family. B… https://t.co/GN50FAo8tr
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At Compass Working Capital, we appreciate our donors and corporate partners. The families we serve (like Marta and… https://t.co/Qwjkfi2qdW
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Under our new strategic plan, Compass will continue to pursue a vision that one day the opportunity to build assets… https://t.co/VZ3olXJVdi
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Today we are announcing a new vision, refreshed mission, and next strategic plan for Compass Working Capital - read… https://t.co/eNKua5ouSN
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RT @AshleyAPutnam: Powerful panel on narrative change and the role it plays in our conversations about wealth: @AnnePriceICCED @WomensWay @…
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We applaud our partners at POAH for making trauma-informed care centered on safety, trust, choice, collaboration, a… https://t.co/74KFBAmhrS
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RT @WomensWay: Meet Val-sharee, Lived Experience Expert: "No one wanted to hear my voice then. I feel like no one cared... My actions were…
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One of our most popular breakout sessions! Trauma informed care is essential to providing client centered financial… https://t.co/xgrQFDg4Cu
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RT @WomensWay: Meet Alisha, Lived Experience Expert: "I felt like my voice wasn't being heard because it was just me. I didn't have the sup…
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We're huge fans of @hopeworkscamden and are thrilled to see this news. So excited to see you join the community of… https://t.co/UGI7FKdNKw
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Everyone should take 3 minutes to hear Tamara’s story. https://t.co/hmCXWG5tl1
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That’s a wrap on our 6th National FSS Conference! A huge thank you to everyone who joined us, we hope you’re feelin… https://t.co/WH1gRGMDqz
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“We assume everywhere should have a FSS Program” Anice Chenault from @HUDgov speaking about recent program and poli… https://t.co/kAH5TTb4Xi
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An incredible fireside chat with @WomensWay Change the Narrative Fellows today. We are so grateful to you all for s… https://t.co/MyjRh05cxY
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Day 2 of the National FSS Conference and we’re kicking things off with a discussion about how rent reporting can he… https://t.co/DaL6V4IJT9