NATIONAL INDUSTRIES 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

1938

Legal Domicile

Principal Officer

SORAYA CORREA

Phone

7033100500

Tax Period

2023-10-01 to 2024-09-30

NATIONAL INDUSTRIES FOR THE BLIND, founded in 1938, is a mid-sized nonprofit that reported $40.0M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $36.0M left a modest 10% surplus.

Mission

TO ENHANCE THE OPPORTUNITIES FOR THE ECONOMIC AND PERSONAL INDEPENDENCE OF PEOPLE WHO ARE BLIND, PRIMARILY THROUGH CREATING, SUSTAINING, AND IMPROVING EMPLOYMENT.

Program Service Accomplishments

Program 1

Expenses: $30,149,729 Revenue: $36,376,671

IN FISCAL YEAR 2024, NIB AND ITS ASSOCIATED NONPROFIT AGENCIES EMPLOYED OVER 5,100 AMERICANS WHO ARE BLIND, LOW VISION, OR VISUALLY IMPAIRED, INCLUDING VETERANS, AND GENERATED 268 NEW JOB...

IN FISCAL YEAR 2024, NIB AND ITS ASSOCIATED NONPROFIT AGENCIES EMPLOYED OVER 5,100 AMERICANS WHO ARE BLIND, LOW VISION, OR VISUALLY IMPAIRED, INCLUDING VETERANS, AND GENERATED 268 NEW JOB OPPORTUNITIES FOR PEOPLE WHO ARE BLIND THROUGH U.S. BASED PRODUCT MANUFACTURING AND SERVICE DELIVERY. NIB CONTINUES TO INVEST IN CAREER OPPORTUNITIES IN THE PROFESSIONAL SERVICES FIELDS. IN FISCAL 2024, 439 PEOPLE WHO ARE BLIND, LOW VISION, OR VISUALLY IMPAIRED WERE PROMOTED, OBTAINED COMPETITIVE POSITIONS, OR WERE PLACED INTO SUPPORTED POSITIONS WITHIN NIB ASSOCIATED AGENCIES OR THEIR COMMUNITIES AS A RESULT OF TRAINING AND REHABILITATION SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,464,791

Program Service Revenue $34,550,594

Investment Income $840,139

Other Revenue $2,140,536

TOTAL REVENUE $39,996,060

Expense Breakdown

Grants Paid $515,196

Salaries & Benefits $22,599,188

Fundraising Expenses $0

Program Expenses $30,149,729

Other Expenses $12,855,380

TOTAL EXPENSES $35,969,764

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,996,060	$34,541,623	+0.2%
Expenses	$35,969,764	$37,583,012	0.0%
Net Income	$4,026,296	$-3,041,389	-2.3%

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

175

Volunteers

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

$1,283,271

Total Directors

$1,365

Key Employees

$253,336

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL M HEALY	CHAIR	1.00	Officer Director	$0	$0	$0
KRISTIN K FRENCH	VICE CHAIR	1.00	Officer Director	$228	$0	$228
LESLIE PINE	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD T GINMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
CYNTHIA BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID D'ARCANGELO	DIRECTOR	1.00	Director	$279	$0	$279
ZACH KLIPA	DIRECTOR	1.00	Director	$0	$0	$0
CARL MCRAE	DIRECTOR	1.00	Director	$0	$0	$0
FREDRIK C PALM	DIRECTOR	1.00	Director	$0	$0	$0
J ANTHONY POLEO	DIRECTOR	1.00	Director	$358	$0	$358
JONATHAN YUEN	DIRECTOR	1.00	Director	$0	$0	$0
SHELLENA HEBER	DIRECTOR	1.00	Director	$0	$0	$0
KYLE E JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW H KOCH	DIRECTOR	1.00	Director	$0	$0	$0
TERI J SHIRK	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS L STEINER	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD P WELSH	DIRECTOR	1.00	Director	$500	$0	$500
KEVIN A LYNCH	PRESIDENT & CEO THRU APR 2024	40.00	Officer	$484,004	$43,676	$527,680
ANGELA M HARTLEY	EXEC VICE PRESIDENT	40.00	Officer	$364,095	$37,020	$401,115
STEVEN T BRICE	VICE PRESIDENT/CFO THRU DEC 2023	40.00	Officer	$306,914	$47,334	$354,248
SORAYA CORREA	PRESIDENT & CEO FROM MAR 2024	40.00	Officer	$0	$0	$0
ANDREW B MUECK	VICE PRESIDENT THRU OCT 2023	40.00	Key Emp	$227,286	$26,050	$253,336
RICHARD A WEBSTER	VICE PRESIDENT	40.00	Highest	$216,082	$44,219	$260,301
THOMAS K LEHRICH	VICE PRESIDENT THRU MAY 2024	40.00	Highest	$207,335	$16,492	$223,827
MATTHEW R WIESELER	VICE PRESIDENT	40.00	Highest	$177,804	$43,227	$221,031
KEVIN R CAMPBELL	VICE PRESIDENT	40.00	Highest	$187,113	$27,926	$215,039
NIRMALA SIVAKUMAR	SENIOR DIRECTOR	40.00	Highest	$178,402	$42,605	$221,007

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	$39,996,060	$35,969,764	$102,214,790	$4,026,296
2023	$34,541,623	$37,583,012	$96,697,189	$-3,041,389
2022	$36,062,795	$35,819,812	$94,666,603	$242,983
2021	$38,023,261	$34,747,898	$100,540,455	$3,275,363
2020	$37,627,875	$33,884,454	$98,127,017	$3,743,421
2019	$36,996,600	$38,860,448	$99,539,899	$-1,863,848
2018	$35,356,850	$37,197,259	$96,579,475	$-1,840,409