KEYSTONE VOCATIONAL SERVICES INC

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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

2002

Legal Domicile

Principal Officer

Laurie Staph

Phone

7243475501

Tax Period

2024-01-01 to 2024-12-31

KEYSTONE VOCATIONAL SERVICES INC, founded in 2002, is a community nonprofit in the Employment sector that reported $4.5M in total revenue in fiscal year 2024. The organization ran a surplus of $720K, a strong 16% operating margin.

Mission

TO PROVIDE VOCATIONAL/TRAINING TO BLIND AND DISABLED PEOPLE THROUGH THE MANUFACTURE AND ASSEMBLY OF TOOLS & HELMETS, AND A MAILROOM CONTRACT.

Program Service Accomplishments

Program 1

Expenses: $2,656,083 Revenue: $3,543,456

MAILROOM SERVICES IS A FEDERAL CONTRACT THAT PROVIDES DOCUMENT HANDLING, RETENTION AND SCHEDULED PURGING, DOCUMENT DESTRUCTION, AND FULL MAIL PROCESSING CENTER OPERATIONS FOR INCOMING AND OUTGOING...

MAILROOM SERVICES IS A FEDERAL CONTRACT THAT PROVIDES DOCUMENT HANDLING, RETENTION AND SCHEDULED PURGING, DOCUMENT DESTRUCTION, AND FULL MAIL PROCESSING CENTER OPERATIONS FOR INCOMING AND OUTGOING MAIL. OTHER RESPONSIBILITIES INCLUDE RECEIVING, TRACKING, SORTING, PRINTING, COMPILING, SCANNING, MATERIAL MANIFESTING, AND DELIVERY OF MAIL. DURING 2024, TOTAL EMPLOYEES FOR THIS PROGRAM WERE 29 INCLUDING 18 WITH DISABILiTIES.

Program 2

Expenses: $340,287 Revenue: $2,085,258

PROVIDE VOCATIONAL TRAINING AND EMPLOYMENT SERVICES TO BLIND AND VISUALLY IMPAIRED PEOPLE BY THE MANUFACTURE OF TOOLS SOLD TO THE PUBLIC, STATE AND FEDERAL MARKETS. IN ADDITION, HELMETS ARE ASSEMBLED AND SOLD IN THE PUBLIC AND FEDERAL MARKETS. TOTAL EMPLOYEES FOR THIS PROGRAM TOTALED 13 DURING 2024, INCLUDING 11 WITH DISABILITIES.

Program 3

Expenses: $207,500

CONTRIBUTION TO KEYSTONE BLIND ASSOCIATION

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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 $340

Program Service Revenue $3,539,905

Investment Income $98,268

Other Revenue $859,321

TOTAL REVENUE $4,497,834

Expense Breakdown

Grants Paid $207,500

Salaries & Benefits $1,784,504

Fundraising Expenses $0

Program Expenses $3,203,870

Other Expenses $1,786,157

TOTAL EXPENSES $3,778,161

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,497,834	$4,385,434	+0.0%
Expenses	$3,778,161	$3,585,119	+0.1%
Net Income	$719,673	$800,315	-0.1%

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

Volunteers

N/A

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

$356,024

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURIE STAPH	CEO	0.00	Officer	$0	$33,229	$219,958
NANCY BLACK	CFO	0.00	Officer	$0	$31,008	$136,066
TOM KAIKIS	Chairman	0.50	Officer Director	$0	$0	$0
TONY PAGLIA	Secretary	0.50	Officer Director	$0	$0	$0
CHRISTIAN KUHARIK	Director	0.50	Director	$0	$0	$0
RICK HERMAN	Vice President	0.50	Officer Director	$0	$0	$0
LEVI HIPPS	Director	0.50	Director	$0	$0	$0
SAM Moore	Director	0.50	Director	$0	$0	$0

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
2024	$4,497,834	$3,778,161	$5,691,547	$719,673
2023	$4,385,434	$3,585,119	$4,896,487	$800,315
2022	$3,979,156	$3,425,747	$3,848,260	$553,409
2021	$4,650,170	$3,534,506	$3,662,034	$1,115,664
2020	$5,245,297	$4,722,297	$2,909,121	$523,000