AFB SPECIAL FUND 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

1989

Legal Domicile

Principal Officer

ERIC BRIDGES

Phone

2125027600

Tax Period

2024-07-01 to 2025-06-30

AFB SPECIAL FUND INC, founded in 1989, is a small nonprofit that reported $341K in total revenue in fiscal year 2024. Net assets of $1.9M represent 65 months of operating reserves.

Mission

AFB SPECIAL FUND INC. WAS FOUNDED IN 1989 AS A SUPPORTING ORGANIZATION TO THE AMERICAN FOUNDATION FOR THE BLIND INC. AFB SPECIAL FUND INC. PLANS TO PROVIDE PROGRAM SERVICES FOR BLIND OR VISUALLY IMPAIRED INDIVIDUALS AS WELL AS FUNDING TO THE AMERICAN FOUNDATION FOR THE BLIND INC.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

AFB SPECIAL FUND INC. WAS FOUNDED IN 1989 AS A SUPPORTING ORGANIZATION TO THE AMERICAN FOUNDATION FOR THE BLIND INC. FOR FISCAL YEAR 2025 AFB SPECIAL FUND PROVIDED FUNDING TO AMERICAN FOUNDATION FOR...

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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 $0

Program Service Revenue $0

Investment Income $340,890

Other Revenue $0

TOTAL REVENUE $340,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $335,242

TOTAL EXPENSES $335,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$340,890	$344,133	0.0%
Expenses	$335,242	$375,953	-0.1%
Net Income	$5,648	$-31,820	-1.2%

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

N/A

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

$526,011

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELANIE LOCKWOOD HERMAN	TRUSTEE CO-CHAIR	1.00	Officer Director	$0	$0	$0
JON CHESSHIRE	TRUSTEE CO-CHAIR	1.00	Officer Director	$0	$0	$0
ERIC BRIDGES	PRESIDENT AND CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$59,628	$316,950
PATSY CARVACHE	VICE PRESIDENT FINANCE AND BUSINESS SERVICES	1.00	Officer	$0	$48,665	$209,061
JON CHESSHIRE	TRUSTEE - CO-CHAIR	1.00	Officer Director	$0	$0	$0
MELANIE LOCKWOOD HERMAN	TRUSTEE - CO-CHAIR	1.00	Officer Director	$0	$0	$0
SARAH HERRLINGER	TRUSTEE - VICE-CHAIR	1.00	Officer Director	$0	$0	$0
DIANE FAZZI	TRUSTEE	1.00	Officer Director	$0	$0	$0
KIRAN KAJA	TRUSTEE	1.00	Officer 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
2025	$340,890	$335,242	$1,882,398	$5,648
2024	$344,133	$375,953	$1,938,514	$-31,820
2023	$323,810	$301,677	$898,692	$22,133
2022	$264,262	$300,000	$824,883	$-35,738
2021	$249,251	$214,931	$874,358	$34,320
2020	$284,164	$418,325	$931,552	$-134,161
2019	$263,110	$388,121	$1,113,553	$-125,011
2018	$224,879	$216,165	$1,150,443	$8,714