Working Families Success Model
In the Dallas/Fort Worth metro area, one out of four households do not have sufficient assets to live for three months at the federal poverty level should they lose their main source of income. Financial insecurity destabilizes families and jeopardizes the long-term vitality of cities and local economies. Moving these low-income families toward financial independence by engaging them to improve their financial lives is an important and significant challenge.
WORKING FAMILIES SUCCESS (WFS) MODEL
The Working Families Success (WFS) model, developed by the Annie E. Casey foundation in the early 2000s, provides a framework for nonprofits to deliver key services and financial support to low-income families using an integrated approach of services specifically designed to make it easier for families to obtain critically needed support. WFS is built on the concept that nonprofits offering integrated services in an intentional and thoughtful way helps clients overcome barriers and advance economically.
In the WFS model, nonprofits provide an integrated or “bundled” set of three core services, to assist clients in improving financial management and building assets. WFS is not a stand-alone program but is integrated into a nonprofit’s existing programs, staffing and client base. Coaching is an integral component of service delivery to help clients set goals, develop plans and change behavior over time. Evaluation of the WFS model has shown that clients who receive bundled services are 3 to 4 times more likely to achieve a significant economic outcome (increased income, decreased debt, purchase of home/car, improved credit score, etc.).
Community Philanthropy Director