ICW VOCATIONAL SERVICES INC

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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.

Program Service Accomplishments

Program 1

Expenses: $1,557,713 Revenue: $1,809,372

ICW PROVIDED VOCATIONAL TRAINING AND EMPLOYMENT SERVICES TO APPROXIMATELY 75 PEOPLE WITH DISABILITIES WHILE MAXIMIZING THE INDIVIDUAL'S POTENTIAL TO OBTAIN THEIR GOALS WITH DIGNITY. ICW CONTINUES TO OFFER INDIVDUALS WITH DISABILITIES THE FOLLOWING SERVICES/SUPPORTS: FACILITY BASED TRAINING - SEVERAL LOCAL COMPANIES PROVIDE INDIVIDUALS WITH REALISTIC WORK EXPERIENCE THAT HELP DEVELOP APPROPRIATE WORK SKILLS AND BEHAVIORS. INDIVIDUALS ALSO HAVE THE CHOICE TO WORK IN THE COMPANY'S COMMERCIAL KITCHEN PREPARING THEM FOR ENTRY-LEVEL POSITIONS IN THE FOOD SERVICE INDUSTRY. SMALL GROUP EMPLOYMENT - A GREATER NUMBER OF INDIVIDUALS ARE INTEGRATED INTO COMMUNITY JOBS THROUGH THE SMALL GROUP EMPLOYMENT PROGRAM IN CONJUNCTION WITH MANY PARTICIPATING BUSINESSES. SUPPORTED EMPLOYMENT - ICW PROVIDES A TEAM OF VOCATIONAL SPECIALISTS TO ASSIST AND SUPPORT PEOPLE WITH DISABILITIES TO LOCATE AND KEEP JOBS. ICW SUPPORTS EMPLOYERS WHO HIRE INDIVIDUALS WITH DISABILITIES BY PROVIDING PRACTICAL GUIDANCE IN ACCOMPLISHING WORKFORCE DIVERSITY. STEPS TO SUCCESS - THIS PROGRAM PROVIDES ESSENTIAL TRAINING FOR INDIVIDUALS WORKING TO MEET THEIR GOALS OF INDEPENDENT LIVING AND COMMUNITY EMPLOYMENT. IN-HOME AND COMMUNITY SUPPORT - THIS PROGRAM OFFERS PERSONAL ASSISTANCE TO BUILD DAILY LIVING AND SOCIAL SKILLS. TAILORED TO EACH PARTICIPANT, PROGRAM SERVICES WILL BE PROVIDED IN THE HOME, IN THE COMMUNITY, OR A COMBINATION OF BOTH.

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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