BESTWORK INDUSTRIES FOR THE BLIND INC (EIN 222369937) - 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

1981

Legal Domicile

Principal Officer

JON KATZ

Phone

8564242410

Tax Period

2023-10-01 to 2024-09-30

BESTWORK INDUSTRIES FOR THE BLIND INC, founded in 1981, is a community nonprofit in the Employment sector that reported $7.8M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $7.6M left a modest 3% surplus.

Mission

TO PROVIDE REHABILITATION SERVICES, VOCATIONAL TRAINING AND EMPLOYMENT TO BLIND AND VISION IMPAIRED PERSONS

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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 $149,063

Program Service Revenue $0

Investment Income $145,933

Other Revenue $7,518,435

TOTAL REVENUE $7,813,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,325,022

Fundraising Expenses $0

Program Expenses $4,238,693

Other Expenses $4,250,931

TOTAL EXPENSES $7,575,953

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,813,431	$6,547,556	+0.2%
Expenses	$7,575,953	$7,327,213	+0.0%
Net Income	$237,478	$-779,657	-1.3%

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

145

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

$335,130

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK SHAW	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SHELBY BAKER	DIRECTOR	1.00	Director	$0	$0	$0
MARYANN DELAMBILY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HOWE	DIRECTOR	1.00	Director	$0	$0	$0
WARREN PROSS	DIRECTOR	1.00	Director	$0	$0	$0
ALFRED ZARROLI	DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE ALLAMBY	DIRECTOR	1.00	Director	$0	$0	$0
JULIE NATALE	TREASURER	1.00	Officer Director	$0	$0	$0
LOU JABLONSKI	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
JIM KEHOE	DIRECTOR	1.00	Director	$0	$0	$0
RICK ROSS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA CARNEY	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN L KATZ	PRESIDENT/CEO	35.00	Officer	$335,130	$0	$335,130

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	No data	No data	No data	No data
2024	$7,813,431	$7,575,953	$13,773,278	$237,478
2023	$6,547,556	$7,327,213	$12,938,124	$-779,657
2022	$4,585,102	$5,759,852	$12,711,724	$-1,174,750
2021	$5,287,061	$4,788,099	$14,289,715	$498,962
2020	$3,329,952	$3,479,559	$14,931,348	$-149,607
2019	$7,932,743	$4,499,968	$14,159,362	$3,432,775
2018	$4,940,659	$2,921,558	$11,172,548	$2,019,101

BESTWORK INDUSTRIES FOR THE BLIND INC