VOCATIONAL IMPROVEMENT PROGRAM INC (EIN 330194371) - 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

1986

Legal Domicile

Principal Officer

WENDY ROGINA

Phone

9094835924

Tax Period

2023-01-01 to 2023-12-31

VOCATIONAL IMPROVEMENT PROGRAM INC, founded in 1986, is a mid-sized nonprofit in the Employment sector that reported $20.6M in total revenue in fiscal year 2023. Expenses of $19.8M left a modest 4% surplus.

Mission

TO PROVIDE VOCATIONAL TRAINING AND REHABILITATION FOR INDIVIDUALS WITH DISABILITIES

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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 $11,050,009

Program Service Revenue $9,191,149

Investment Income $349,443

Other Revenue $0

TOTAL REVENUE $20,590,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,244,035

Fundraising Expenses $0

Program Expenses $17,831,334

Other Expenses $3,564,656

TOTAL EXPENSES $19,808,691

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,590,601	$19,457,132	+0.1%
Expenses	$19,808,691	$19,638,847	+0.0%
Net Income	$781,910	$-181,715	-5.3%

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

776

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

$419,770

Total Directors

Key Employees

$272,181

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PENNY RUBIN	MEMBER	1.00	Director	$0	$0	$0
DUSTIN WARE	CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTOPHER VICINO	MEMBER	1.00	Director	$0	$0	$0
TYLER PANSE	TREASURER	1.00	Officer Director	$0	$0	$0
DAVE COGGIN	MEMBER	1.00	Director	$0	$0	$0
KATHY SALLIS	MEMBER	1.00	Director	$0	$0	$0
ASHOK MADAHAR	MEMBER	1.00	Director	$0	$0	$0
PHIL ROBERTS	SECRETARY	1.00	Officer Director	$0	$0	$0
WENDY A ROGINA	PRESIDENT/CEO	32.00	Officer	$145,531	$15,894	$161,425
RICK ROGINA	VICE PRESIDENT/COO	32.00	Officer	$236,051	$22,294	$258,345
MATTHEW ROGINA	EXECUTIVE DIRECTOR	40.00	Key Emp	$252,141	$20,040	$272,181
PATRICIA RIVERA	DIR OF OPERATIONS	32.00	Highest	$117,351	$19,254	$136,605
MARIANN GUERRERO	DIR OF PROGRAM SERVICES	32.00	Highest	$151,987	$23,646	$175,633
KAREN RITTER-JONES	DIR OF NEW PROGRAM & EMPL	40.00	Highest	$122,167	$15,819	$137,986
SHIRLEY YAMANO	DIR. OF COMMUNCATIONS	40.00	Highest	$124,659	$18,147	$142,806
JEFFREY ROGINA	DIR OF WAP OPERATION	40.00	Highest	$140,862	$16,145	$157,007

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	No data	No data	No data	No data
2023	$20,590,601	$19,808,691	$13,463,346	$781,910
2022	$19,457,132	$19,638,847	$13,915,852	$-181,715
2021	$18,954,396	$17,216,537	$11,426,905	$1,737,859
2020	$15,585,747	$14,621,472	$10,830,429	$964,275
2019	$16,545,724	$15,932,574	$8,746,053	$613,150
2018	$15,466,116	$16,224,496	$8,196,772	$-758,380

VOCATIONAL IMPROVEMENT PROGRAM INC