ICW VOCATIONAL SERVICES INC (EIN 251215187) - 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

1971

Legal Domicile

Principal Officer

JO ANN MCGINNIS

Phone

7243491211

Tax Period

2024-07-01 to 2025-06-30

ICW VOCATIONAL SERVICES INC, founded in 1971, is a community nonprofit in the Employment sector that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 5% surplus.

Mission

THE MISSION OF ICW VOCATIONAL SERVICES, INC. IS TO TEACH, EMPOWER, AND SUPPORT INDIVIDUALS WITH DISABILITIES THROUGH A CONTINUUM OF SERVICES; AND TO PROMOTE LIFELONG LEARNING TO MAXIMIZE THE INDIVIDUAL'S POTENTIAL TO OBTAIN THEIR GOALS WITH DIGNITY.

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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 $75,355

Program Service Revenue $1,809,372

Investment Income $16,830

Other Revenue $98,279

TOTAL REVENUE $1,999,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,294,306

Fundraising Expenses $11,819

Program Expenses $1,557,713

Other Expenses $599,524

TOTAL EXPENSES $1,893,830

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,999,836	$1,748,613	+0.1%
Expenses	$1,893,830	$1,724,536	+0.1%
Net Income	$106,006	$24,077	+3.4%

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

120

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

$186,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JO ANN MCGINNIS	EXECUTIVE DI	37.50	Officer	$96,662	$14,140	$110,802
ALEX KIRSCH	ASSOCIATE E.	37.50	Officer	$68,018	$8,013	$76,031
TOM BIANCO	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA BURBA	PRESIDENT	1.00	Officer Director	$0	$0	$0
HEIDI FARMERY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES FRANK	DIRECTOR	1.00	Director	$0	$0	$0
BECKY KNICKELBEIN	DIRECTOR	1.00	Director	$0	$0	$0
VICKIE KOVALCHICK	DIRECTOR	1.00	Director	$0	$0	$0
BOB SALERNO	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KEN SCHNARRS	DIRECTOR	1.00	Director	$0	$0	$0
LUIDA SHEARER	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER TELTHORSTER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
LYNDA WILSON	SECRETARY/TR	1.00	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	$1,999,836	$1,893,830	$1,115,345	$106,006
2024	$1,748,613	$1,724,536	$1,068,103	$24,077
2023	$1,809,446	$1,650,223	$1,021,913	$159,223
2023	$1,809,446	$1,650,223	$1,021,913	$159,223
2022	$1,581,320	$1,546,948	$792,369	$34,372
2021	$1,627,648	$1,462,095	$760,657	$165,553
2020	$1,586,730	$1,475,785	$634,117	$110,945
2019	$1,648,309	$1,441,270	$607,386	$207,039
2018	$1,330,261	$1,259,950	$368,053	$70,311

ICW VOCATIONAL SERVICES INC