ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND INC

EIN: 221923699 501(c)(3) Human Services

BRICK, NJ

Total Revenue
$18,258,349
Total Expenses
$13,689,435
Total Assets
$39,920,470
Net Assets
$38,013,570
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
NJ
Principal Officer
AARON SOTO
Phone
7322620082
Tax Period
2024-07-01 to 2025-06-30

ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND INC, founded in 1970, is a mid-sized nonprofit in the Human Services sector that reported $18.3M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.6M, a strong 25% operating margin.

Mission

TO MAINTAIN GROUP HOMES FOR INDIVIDUALS WHO ARE MULTIPLE IMPAIRED BLIND AND AID THESE INDIVIDUALS IN FINDING TRUE SECURITY AND FULFILLMENT IN THEIR LIVES.

Program Service Accomplishments

Program 1
Expenses: $12,763,848 Revenue: $17,007,875

TO MAINTAIN GROUP HOMES FOR INDIVIDUALS WHO ARE MULTIPLE IMPAIRED BLIND AND AID THESE INDIVIDUALS IN FINDING TRUE SECURITY AND FULFILLMENT IN THEIR LIVES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $358,115
Program Service Revenue $17,007,875
Investment Income $852,108
Other Revenue $40,251
TOTAL REVENUE $18,258,349

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,387,470
Fundraising Expenses $35,226
Program Expenses $12,763,848
Other Expenses $2,301,965
TOTAL EXPENSES $13,689,435

Year-over-Year Comparison

2024 2023 Change
Revenue $18,258,349 $16,377,880 +0.1%
Expenses $13,689,435 $12,591,196 +0.1%
Net Income $4,568,914 $3,786,684 +0.2%
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

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Governance

Voting Members
8
Independent Members
6
Employees
249
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
3
$0
Total Directors
8
$0
Key Employees
1
$227,291
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON SOTO EXECUTIVE DIRECTOR 40.0
Key Emp
$227,291 $0 $227,291
COLLEEN HEALEY VICE PRESIDENT (EFF 2/2/25) 1.0
Officer Director
$0 $0 $0
EDWARD GILLESPIE TRUSTEE 1.0
Director
$0 $0 $0
JANET WILSON ALTERNATIVE TRUSTEE 1.0
Director
$0 $0 $0
RITA CORCORAN TRUSTEE 1.0
Director
$0 $0 $0
GERRY MALCOLM PRESIDENT (EFF 5/31/25) 1.0
Director
$0 $0 $0
LILLIAN JOHNSEN Trustee 1.0
Officer Director
$0 $0 $0
JOAN WELSH TRUSTEE 1.0
Director
$0 $0 $0
SEAN HEALEY TREASURER 1.0
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 $18,258,349 $13,689,435 $39,920,470 $4,568,914
2024 $16,377,880 $12,591,196 $35,134,456 $3,786,684
2023 $13,856,491 $10,812,326 $31,220,904 $3,044,165
2022 $13,786,430 $9,314,774 $27,980,356 $4,471,656
2021 $14,877,102 $9,353,849 $23,317,188 $5,523,253
2020 $11,959,020 $7,899,558 $18,002,229 $4,059,462
2019 $10,782,961 $7,595,793 $14,294,941 $3,187,168
2018 $7,863,679 $6,688,303 $11,313,697 $1,175,376
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