Clovernook Center For the Blind and Visually Impaired (EIN 310584310) - 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

1903

Legal Domicile

Principal Officer

Jennifer DuBois

Phone

5135223860

Tax Period

2024-05-01 to 2025-04-30

Clovernook Center For the Blind and Visually Impaired, founded in 1903, is a mid-sized nonprofit in the Human Services sector that reported $12.3M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 18% operating margin.

Mission

To empower people who are blind and visually impaired to be self-sufficient and full participants in their communities.

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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 $1,924,918

Program Service Revenue $6,219,664

Investment Income $4,163,818

Other Revenue $908

TOTAL REVENUE $12,309,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,310,016

Fundraising Expenses $543,597

Program Expenses $7,960,290

Other Expenses $4,778,046

TOTAL EXPENSES $10,088,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,309,308	$9,052,082	+0.4%
Expenses	$10,088,062	$10,427,735	0.0%
Net Income	$2,221,246	$-1,375,653	-2.6%

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

106

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

$338,972

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan E Baillely	Secretary	2.00	Officer Director	$0	$0	$0
Jessica L Banish	Board Member	2.00	Director	$0	$0	$0
Melanie J Beck	Board Member	2.00	Director	$0	$0	$0
Barbara S Fant	Board Member	2.00	Director	$0	$0	$0
Robert J Findley CPA	Treasurer	2.00	Officer Director	$0	$0	$0
Regina M Gehm	Board Chair	2.00	Officer Director	$0	$0	$0
Randie S Hagelman	Board Member	2.00	Director	$0	$0	$0
Duncan C Hiler	Board Member	2.00	Director	$0	$0	$0
Robert D Hill	Board Member - Start 7/24	2.00	Director	$0	$0	$0
Ted S Jaroszewicz	Board Member	2.00	Director	$0	$0	$0
Cassandra R Jones	Board Member	2.00	Director	$0	$0	$0
Michael R Mauch	Board Member	2.00	Director	$0	$0	$0
Lindsay N Mithoefer	Board Member	2.00	Director	$0	$0	$0
Patrick L O'Callaghan	Board Member - Exit 1/25	2.00	Director	$0	$0	$0
Matthew E Shad	Board Member	2.00	Director	$0	$0	$0
Elizabeth C Stock	Vice Chair	2.00	Officer Director	$0	$0	$0
Tiffany A Wild PhD	Board Member	2.00	Director	$0	$0	$0
Christopher Faust	President/CEO - Exit 4/25	40.00	Officer	$185,240	$13,186	$198,426
Kenneth Lackman	Controller/Vice President	40.00	Officer	$132,279	$8,267	$140,546

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	$12,309,308	$10,088,062	$37,362,381	$2,221,246
2024	$9,052,082	$10,427,735	$36,858,279	$-1,375,653
2023	$6,341,101	$9,443,716	$35,493,793	$-3,102,615
2022	$10,891,182	$8,807,594	$36,604,319	$2,083,588
2021	$9,032,261	$8,283,477	$39,088,573	$748,784
2020	$7,023,247	$7,846,383	$30,874,564	$-823,136
2019	$6,972,278	$8,422,685	$33,789,130	$-1,450,407
2018	$8,776,084	$8,776,084	$37,508,809	No data

Clovernook Center For the Blind and Visually Impaired