CENTRAL ASSOCIATION FOR THE BLIND INC (EIN 150543587) - Form 990 Financial Analysis & Trantor Score

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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

1929

Legal Domicile

Principal Officer

EDWARD P WELSH

Phone

3157972233

Tax Period

2024-01-01 to 2024-12-31

CENTRAL ASSOCIATION FOR THE BLIND INC, founded in 1929, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $30.0M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.1M, a strong 37% operating margin.

Mission

TO ASSIST PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED TO ACHIEVE THEIR HIGHEST LEVELS OF INDEPENDENCE BY PROVIDING VISION REHABILITATION SERVICES AND OFFERING INTEGRATED COMPETITIVE JOBS THROUGHOUT ALL LEVELS OF THE ASSOCIATION, INCLUDING SERVING ON THE GOVERNING BOARD OF DIRECTORS.

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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 $1,236,526

Program Service Revenue $691,520

Investment Income $2,860,239

Other Revenue $25,161,829

TOTAL REVENUE $29,950,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,318,555

Fundraising Expenses $278,946

Program Expenses $13,351,713

Other Expenses $7,495,488

TOTAL EXPENSES $18,862,043

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,950,114	$23,619,358	+0.3%
Expenses	$18,862,043	$16,834,213	+0.1%
Net Income	$11,088,071	$6,785,145	+0.6%

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

345

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

$491,342

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY HEENAN	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH KESSLER	SECRETARY	2.00	Officer Director	$0	$0	$0
SHAWN KELLY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS WEBB OD	DIRECTOR	1.00	Director	$0	$0	$0
COL PAUL A STEVES USA RET	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE JOSEPH PHD	DIRECTOR	1.00	Director	$0	$0	$0
BARRY SINNOTT	TREASURER	2.00	Officer Director	$0	$0	$0
GEN RICHARD EVANS USA RET	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH GALE MD	DIRECTOR	1.00	Director	$0	$0	$0
HON MICHAEL J MISIASZEK	DIRECTOR	1.00	Director	$0	$0	$0
RONALD TASCARELLA	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE NEHME	CHAIR	4.00	Officer Director	$0	$0	$0
PAUL DREJZA	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD DEWAR	2ND VICE CHAIR	2.00	Officer Director	$0	$0	$0
MARGARET G BROWN	DIRECTOR	1.00	Director	$0	$0	$0
RALPH J EANNACE	1ST VICE CHAIR	2.00	Officer Director	$0	$0	$0
ALLEN F ZUCK	DIRECTOR	1.00	Director	$0	$0	$0
JAMES B TURNBULL IV	CHAIR	4.00	Officer Director	$0	$0	$0
BARTON RASMUS	DIRECTOR	1.00	Director	$0	$0	$0
JILL KOCH	CFO	45.00	Officer	$171,461	$36,779	$208,240
EDWARD P WELSH	PRESIDENT/CEO	50.00	Officer	$265,089	$18,013	$283,102
KATIE EDDY	VP OF PRODUCTS AND DISTRIB	40.00	Highest	$148,433	$25,189	$173,622
DENNIS WEBSTER	SENIOR VP OF PROD & OPERAT	38.00	Highest	$133,409	$46,486	$179,895
JULIANA BYRNE	VP OF HR	38.00	Highest	$126,975	$34,930	$161,905
KIMBERLY WADAS	LOW VISION OPTOMERIST	38.00	Highest	$151,981	$31,966	$183,947
SCOTT MACGREGOR	VP OF OPERATIONS	38.00	Highest	$132,351	$23,035	$155,386

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	$29,950,114	$18,862,043	$128,141,915	$11,088,071
2023	$23,619,358	$16,834,213	$113,736,550	$6,785,145
2022	$21,880,394	$15,167,808	$105,551,969	$6,712,586
2021	$29,734,150	$13,714,895	$109,170,090	$16,019,255
2020	$24,915,979	$12,880,785	$80,010,438	$12,035,194
2019	$15,643,304	$11,920,552	$64,735,503	$3,722,752
2018	$17,038,036	$10,880,769	$58,292,411	$6,157,267

CENTRAL ASSOCIATION FOR THE BLIND INC