PERKINS SCHOOL FOR THE BLIND

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1829

Legal Domicile

Principal Officer

DAVID BARTH

Phone

6179243434

Tax Period

2024-07-01 to 2025-06-30

PERKINS SCHOOL FOR THE BLIND, founded in 1829, is a mid-sized nonprofit in the Education sector that reported $89.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $105.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

PERKINS SCHOOL FOR THE BLIND SERVES CHILDREN AND YOUNG ADULTS WITH MULTIPLE DISABILITIES, THEIR FAMILIES, EDUCATORS, RESEARCHERS, AND PROFESSIONALS AROUND THE GLOBE THROUGH EDUCATION SERVICES, ACCESSIBILITY, PROFESSIONAL DEVELOPMENT, AND INNOVATION.

Program Service Accomplishments

Program 1

Expenses: $64,229,051 Revenue: $54,327,167

AT PERKINS SCHOOL FOR THE BLIND, WE DELIVER THE VERY BEST EDUCATION AND SERVICES FOR CHILDREN WITH VISUAL IMPAIRMENTS AND MULTIPLE DISABILITIES. WE TEACH CHILDREN ON OUR CAMPUS IN WATERTOWN...

AT PERKINS SCHOOL FOR THE BLIND, WE DELIVER THE VERY BEST EDUCATION AND SERVICES FOR CHILDREN WITH VISUAL IMPAIRMENTS AND MULTIPLE DISABILITIES. WE TEACH CHILDREN ON OUR CAMPUS IN WATERTOWN, MASSACHUSETTS, AND SUPPORT STUDENTS AND TEACHERS IN PUBLIC SCHOOLS ACROSS THE U.S., FOCUSING ON ACADEMIC, SOCIAL AND SELF-ADVOCACY SKILL BUILDING. WE ALSO EMPHASIZE TRANSITION SERVICES TO PREPARE YOUNG ADULTS FOR INDEPENDENT LIVING THROUGH PRACTICAL WORK, SKILL-BUILDING, AND COMMUNITY INVOLVEMENT. DURING FY25, WE EDUCATED 196 STUDENTS ON CAMPUS AND SUPPORTED APPROXIMATELY 1,365 STUDENTS IN COMMUNITY PROGRAMS, INCLUDING OUR INFANT-TODDLER PROGRAM, EDUCATIONAL PARTNERSHIPS WITH PUBLIC SCHOOLS AND OUTREACH PROGRAMS.

Program 2

Expenses: $6,056,977

INTERNATIONALTHERE ARE MILLIONS OF CHILDREN WITH VISUAL IMPAIRMENT AND MULTIPLE DISABILITIES (MDVI) AROUND THE WORLD WHO DON'T RECEIVE THE QUALITY EDUCATION THEY DESERVE. PERKINS INTERNATIONAL WORKS TO PUT THESE CHILDREN IN SCHOOL, EQUIP EDUCATORS WITH THE SPECIALIZED SKILLS THEY NEED TO TEACH THEM AND CONNECT THE MOST VULNERABLE FAMILIES WITH VITAL GOVERNMENTAL AND MEDICAL RESOURCES. DURING FY25, PERKINS INTERNATIONAL CONDUCTED THIS WORK IN 22 COUNTRIES AND REGIONS, MORE THAN 54K TEACHERS WERE TRAINED, MORE THAN 1.8M CHILDREN WERE REACHED, AND MORE THAN 19K FAMILIES WERE SUPPORTED.

Program 3

Expenses: $4,248,516 Revenue: $4,399,118

REGIONAL LIBRARYPERKINS LIBRARY HAS PROVIDED ACCESSIBLE READING MATERIAL TO PEOPLE WITH VISUAL IMPAIRMENT AND OTHER DISABILITIES SINCE 1837. IN RECENT YEARS, WE HAVE SIGNIFICANTLY EXPANDED OUR...

REGIONAL LIBRARYPERKINS LIBRARY HAS PROVIDED ACCESSIBLE READING MATERIAL TO PEOPLE WITH VISUAL IMPAIRMENT AND OTHER DISABILITIES SINCE 1837. IN RECENT YEARS, WE HAVE SIGNIFICANTLY EXPANDED OUR OFFERINGS TO SERVE MORE PEOPLE WITH MORE NUANCED NEEDS. IN FY25, WE DISTRIBUTED MORE THAN 1,000,000 ACCESSIBLE BOOKS, MAGAZINES, NEWSPAPERS, DVDS AND MORE, AT NO COST TO THE 22,500 PATRONS WE SERVE ANNUALLY. WE'VE ALSO LED THE CHARGE IN DISTRIBUTING ASSISTIVE TECHNOLOGIES LIKE REFRESHABLE BRAILLE DISPLAYS WHILE PROVIDING A WEBSITE THAT ENABLES PEOPLE TO DOWNLOAD ACCESSIBLE READING MATERIAL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,598,711

Program Service Revenue $58,726,285

Investment Income $13,046,832

Other Revenue $411,468

TOTAL REVENUE $89,783,296

Expense Breakdown

Grants Paid $126,486

Salaries & Benefits $75,522,828

Fundraising Expenses $3,755,511

Program Expenses $81,427,232

Other Expenses $29,737,909

TOTAL EXPENSES $105,465,723

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,783,296	$79,806,491	+0.1%
Expenses	$105,465,723	$106,277,026	0.0%
Net Income	$-15,682,427	$-26,470,535	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

976

Volunteers

856

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,265,428

Total Directors

Key Employees

$367,488

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN PELLETIER	CHAIR OF THE BOARD	5.00	Officer Director	$0	$0	$0
TERRI HEALEY BROGAN	CHAIR OF THE CORPORATION	5.00	Officer Director	$0	$0	$0
VAITHEHI MUTTULINGAM	VICE CHAIR (11/4/24-1/6/25)	5.00	Officer Director	$0	$0	$0
MAUREEN BANKS	SECRETARY (AS OF 11/4/24)	5.00	Officer Director	$0	$0	$0
DEREK JOHNSTON	TREASURER	5.00	Officer Director	$0	$0	$0
JOSEPH BONCORE	TRUSTEE	5.00	Director	$0	$0	$0
WILLIAM BUDDING	TRUSTEE	5.00	Director	$0	$0	$0
FREDERIC M CLIFFORD	TRUSTEE	5.00	Director	$0	$0	$0
BRET CONNOR	TRUSTEE	5.00	Director	$0	$0	$0
JULIA SATTI COSENTINO	TRUSTEE	5.00	Director	$0	$0	$0
JENNIFER DESISTO	TRUSTEE	5.00	Director	$0	$0	$0
DAVID A DURKIN	TRUSTEE	5.00	Director	$0	$0	$0
LAUREN FORNES	TRUSTEE	5.00	Director	$0	$0	$0
KATE KATULAK HIGGINS	TRUSTEE	5.00	Director	$0	$0	$0
MEREDITH ROSENBERG	TRUSTEE	5.00	Director	$0	$0	$0
KATHARINE B SCHMITT	TRUSTEE	5.00	Director	$0	$0	$0
CYNTHIA E STEAD	TRUSTEE	5.00	Director	$0	$0	$0
VIJAY VISHWANATH	TRUSTEE	5.00	Director	$0	$0	$0
MIKE WILLIAMS	TRUSTEE	5.00	Director	$0	$0	$0
THELMA WILLIAMS	TRUSTEE	5.00	Director	$0	$0	$0
WILLIAM DAVID POWER	PRESIDENT & CEO (THRU 5/2/25)	50.00	Officer	$448,543	$50,006	$498,549
EDWARD H BOSSO	INTERIM COO & PRES OF ED PROGRMS	50.00	Officer	$323,033	$129,186	$452,219
ASTRID VERMEER	CHIEF FIN & ADMIN OFF (THRU 9/24)	50.00	Officer	$285,886	$28,774	$314,660
MAUREEN LISTER	CFO (AS OF 1/3/25)	50.00	Officer	$0	$0	$0
BRENNA CHILD	CHIEF PEOPLE OFFICER	50.00	Key Emp	$329,595	$37,893	$367,488
REBECCA FATER	EXEC DIR OF MARKETING (THRU 6/2024)	50.00	Highest	$324,497	$35,958	$360,455
KATHERINE HOLLAND-ORTIZ	EXECUTIVE DIRECTOR OF INTERNATIONAL	50.00	Highest	$275,400	$48,469	$323,869
SANDRA K LACEY	EXEC DIR OF HOWE INNOVATION CTR	50.00	Highest	$221,440	$51,181	$272,621
BASHAR AL-NAKHALA	CHIEF TECHNOLOGY OFFICER	50.00	Highest	$225,007	$45,801	$270,808
GARY AUSSANT	DIRECTOR OF DIGITAL ACCESS	50.00	Highest	$202,713	$46,234	$248,947

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$89,783,296	$105,465,723	$429,689,543	$-15,682,427
2024	No data	No data	No data	No data
2023	$88,358,376	$98,944,399	$417,454,806	$-10,586,023
2022	$94,892,285	$82,285,581	$411,266,626	$12,606,704
2021	$83,698,194	$75,582,151	$459,820,688	$8,116,043
2020	$67,610,031	$77,113,138	$381,825,466	$-9,503,107
2019	$85,823,400	$73,113,470	$390,475,878	$12,709,930
2018	$70,672,409	$71,500,014	$391,452,028	$-827,605