Search Inc (EIN 237058758) - 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

1969

Legal Domicile

Principal Officer

GREG PETERSEN

Phone

7733055000

Tax Period

2023-07-01 to 2024-06-30

Search Inc, founded in 1969, is a mid-sized nonprofit that reported $27.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $24.5M left a modest 11% surplus.

Mission

EMPOWER PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TO ACHIEVE THEIR FULL POTENTIAL, ACCEPT A VALUED ROLE IN THEIR COMMUNITY, AND LEAD RICH, REWARDING 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $675,219

Program Service Revenue $26,198,325

Investment Income $743,785

Other Revenue $-24,065

TOTAL REVENUE $27,593,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,725,775

Fundraising Expenses $116,307

Program Expenses $22,238,197

Other Expenses $5,803,471

TOTAL EXPENSES $24,529,246

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,593,264	$24,219,292	+0.1%
Expenses	$24,529,246	$21,101,501	+0.2%
Net Income	$3,064,018	$3,117,791	0.0%

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

327

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

$665,340

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG PETERSEN	PRESIDENT	40.0	Officer	$0	$38,000	$230,864
Cory Gumm	CHIEF EXECUTIVE OFFICER	40.0	Officer	$148,978	$31,240	$180,218
Linda Coleman	ASSISTANT TREASURER	40.0	Officer	$0	$9,871	$148,309
ELENA DANIELA MOLNAR	Direct Service Provider	40.0	Highest	$136,974	$9,091	$146,065
SARAI SARAVIA	Direct Service Provider	40.0	Highest	$113,452	$8,125	$121,577
CLAUDIA DOBRIN	Direct Service Provider	40.0	Highest	$110,840	$8,816	$119,656
Nicholas Larson	Director of Adult Learning	40.0	Highest	$105,278	$8,227	$113,505
Norina Camata	Direct Service Provider	40.0	Highest	$105,256	$7,762	$113,018
Jaclyn Rovner	Division Director of Supported	40.0	Highest	$103,054	$8,323	$111,377
Elena Baciu	Direct Service Provider	40.0	Highest	$102,289	$6,825	$109,114
Samantha Zajac	Assistant Secretary	40.0	Officer	$98,112	$7,837	$105,949
John Lipscomb	Former President	8.0		$77,673	$0	$77,673
DONNA CATALANO	FORMER EXECUTIVE DIRECTOR	15.0		$65,404	$5,669	$71,073
ALAN NADOLNA	CHAIR	1.0	Officer Director	$0	$0	$0
RAY COVYEAU	Director	1.0	Director	$0	$0	$0
TIM WARYAS	TREASURER	1.0	Officer Director	$0	$0	$0
SUE AVERILL	DIRECTOR	1.0	Director	$0	$0	$0
JOHN FRIEDLAND	SECRETARY	1.0	Officer Director	$0	$0	$0
KEN JENERO	DIRECTOR	1.0	Director	$0	$0	$0
PAUL PAPPAGEORGE	DIRECTOR	1.0	Director	$0	$0	$0
Leo Durkacz	DIRECTOR	1.0	Director	$0	$0	$0
Pete Petersen	Vice Chair	1.0	Officer Director	$0	$0	$0
Tom Nathan	Director	1.0	Director	$0	$0	$0
Katie Schmid	Director	1.0	Director	$0	$0	$0
Karen Seabury	Director	1.0	Director	$0	$0	$0
Kandace Lenti	Director	1.0	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	No data	No data	No data	No data
2024	$27,593,264	$24,529,246	$31,371,009	$3,064,018
2023	$24,219,292	$21,101,501	$28,259,796	$3,117,791
2022	$21,200,559	$20,207,724	$26,873,667	$992,835
2021	$21,239,392	$20,242,139	$27,584,212	$997,253
2020	$21,927,520	$21,303,125	$24,962,467	$624,395
2019	$20,956,441	$20,726,279	$24,400,664	$230,162
2018	$20,789,589	$20,386,532	$24,688,956	$403,057

Search Inc