ARIZONA INDUSTRIES FOR THE BLIND (EIN 311605749) - 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

1952

Legal Domicile

Principal Officer

CHRIS LAFOLLETTE

Phone

6232337900

Tax Period

2023-10-01 to 2024-09-30

ARIZONA INDUSTRIES FOR THE BLIND, founded in 1952, is a mid-sized nonprofit in the Employment sector that reported $11.9M in total revenue in fiscal year 2023. The organization ran a surplus of $1.9M, a strong 16% operating margin.

Mission

TO INSPIRE INDIVIDUALS WHO ARE BLIND TO PURSUE THEIR MAXIMUM (CONTINUED ON SCHEDULE O) POTENTIAL THROUGH CREATING, SUSTAINING AND IMPROVING EMPLOYMENT WHILE PROVIDING THE HIGHEST QUALITY GOODS AND SERVICES.

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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 $78,255

Program Service Revenue $9,050,777

Investment Income $241,763

Other Revenue $2,535,729

TOTAL REVENUE $11,906,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,412,305

Fundraising Expenses $0

Program Expenses $7,892,617

Other Expenses $3,548,003

TOTAL EXPENSES $9,960,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,906,524	$12,180,276	0.0%
Expenses	$9,960,308	$9,609,225	+0.0%
Net Income	$1,946,216	$2,571,051	-0.2%

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

115

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

$622,287

Total Directors

$622,287

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS LAFOLLETTE	PRESIDENT & CEO	40.00	Officer Director	$260,410	$30,373	$290,783
LORRAINE HUDSPETH	VICE PRESIDENT/TREASURER	40.00	Officer Director	$136,440	$17,327	$153,767
LARRY MANN	VICE PRESIDENT/SECRETARY	40.00	Officer Director	$158,900	$18,837	$177,737
GREG KOLTON	CHAIR	1.00	Officer Director	$0	$0	$0
RUTH O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD MONACO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HUTT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
EMILY WARD	DIRECTOR	1.00	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
2024	$11,906,524	$9,960,308	$26,511,979	$1,946,216
2023	$12,180,276	$9,609,225	$26,084,902	$2,571,051
2022	$10,740,862	$9,341,684	$17,479,665	$1,399,178
2021	$11,232,717	$8,699,543	$15,708,519	$2,533,174
2020	$10,375,213	$9,312,681	$14,075,930	$1,062,532
2019	$9,893,687	$8,914,331	$11,734,443	$979,356

ARIZONA INDUSTRIES FOR THE BLIND