CLEVELAND SOCIETY FOR THE BLIND

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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

1906

Legal Domicile

Principal Officer

JIM STOBE CPA

Phone

2167918118

Tax Period

2024-01-01 to 2024-12-31

CLEVELAND SOCIETY FOR THE BLIND, founded in 1906, is a mid-sized nonprofit in the Human Services sector that reported $15.7M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $14.0M left a modest 11% surplus.

Mission

TO PROVIDE INDIVIDUALIZED SUPPORT AND TOOLS TO NAVIGATE THE VISUAL WORLD.

Program Service Accomplishments

Program 1

Expenses: $2,291,412 Revenue: $897,915

CSC PROVIDES EARLY INTERVENTION & OTHER SCHOOL SERVICES: PARENTS OF 0-3 YEAR OLDS LEARN COMPENSATORY TECHNIQUES TO DEVELOP SKILLS IN COMMUNICATION, INDEPENDENCE & MOVEMENT. CHILDREN AGED 3-5 ATTEND OUR IN-HOUSE PRESCHOOL. FAMILIES OF SCHOOL-AGED CHILDREN ARE EDUCATED HOW TO ADVOCATE FOR THEIR CHILDREN. CSC STAFF INSTRUCT SCHOOL TEACHERS HOW TO ADAPT THEIR CLASSROOM FOR A CHILD WITH A VISION DISABILITY. YOUNG ADULTS UP TO AGE 23 ARE ENGAGED IN PRE-EMPLOYMENT SKILLS TRAINING (351 CLIENTS SERVED).

Program 2

Expenses: $3,809,502 Revenue: $815,114

CSC PROVIDES CASEWORK & SOCIAL SERVICES ASSISTING CLIENTS IN NAVIGATING NETWORKS TO MEET THEIR NEEDS. ONCE NEEDS ARE IDENTIFIED, TRAINING AND TECHNIQUES ARE TAUGHT TO IMPROVE DAILY LIVING AND...

CSC PROVIDES CASEWORK & SOCIAL SERVICES ASSISTING CLIENTS IN NAVIGATING NETWORKS TO MEET THEIR NEEDS. ONCE NEEDS ARE IDENTIFIED, TRAINING AND TECHNIQUES ARE TAUGHT TO IMPROVE DAILY LIVING AND MOBILITY TO INCREASE INDEPENDENCE. COMPUTER TRAINING IS PROVIDED TO TEACH PEOPLE WHO ARE BLIND TO USE A COMPUTER USING ASSISTIVE SOFTWARE. CSC OPERATES A LOW VISION CLINIC EVALUATING AND EDUCATING CLIENTS ABOUT THE OPTICAL AIDS NECESSARY TO UTILIZE REMAINING VISION MORE EFFECTIVELY, STAFFED BY LICENSED OPTOMETRISTS WITH SPECIAL FOCUS ON LOW VISION EXAMS (896 CLIENTS SERVED).

Program 3

Expenses: $4,876,338 Revenue: $3,859,782

EMPLOYMENT OPERATIONS AND PLACEMENT, INCLUDING: ASSISTANCE IN JOB READINESS, JOB SEARCH, AND EMPLOYMENT SKILLS. (144 CLIENTS SERVED). CALL CENTER PRODUCTION SERVICES INCLUDING MANAGEMENT OF A...

EMPLOYMENT OPERATIONS AND PLACEMENT, INCLUDING: ASSISTANCE IN JOB READINESS, JOB SEARCH, AND EMPLOYMENT SKILLS. (144 CLIENTS SERVED). CALL CENTER PRODUCTION SERVICES INCLUDING MANAGEMENT OF A FULLY-FUNCTIONING CALL CENTER WHICH PROVIDES TRAINING AND COMPETITIVE EMPLOYMENT TO PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED OR HAVE OTHER WORK-LIMITING DISABILITIES (EMPLOYMENT OF OVER 136 INDIVIDUALS).

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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 $2,731,948

Program Service Revenue $5,498,223

Investment Income $7,308,295

Other Revenue $120,976

TOTAL REVENUE $15,659,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,550,196

Fundraising Expenses $829,893

Program Expenses $11,709,343

Other Expenses $3,426,218

TOTAL EXPENSES $13,976,414

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,659,442	$12,158,033	+0.3%
Expenses	$13,976,414	$12,832,828	+0.1%
Net Income	$1,683,028	$-674,795	-3.5%

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

226

Volunteers

180

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

$1,075,135

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH W SMITH	CHAIR	5.00	Officer Director	$0	$0	$0
ERIN C PLOUCHA	FIRST VICE-CHAIR	5.00	Officer Director	$0	$0	$0
JOAN U ALLGOOD	SECRETARY	5.00	Officer Director	$0	$0	$0
KAREN P ASSINK	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KEVIN R MCKINNIS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
WALLY ANDERS	TREASURER	5.00	Officer Director	$0	$0	$0
ZACHARY J STANLEY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BONITA G TEEUWEN	IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
MYRON WEISSMAN	CHAIR, LEADERSHIP SOCIETY	2.00	Director	$0	$0	$0
CAITLIN BECK	TRUSTEE	2.00	Director	$0	$0	$0
SHERYL KING BENFORD	TRUSTEE	2.00	Director	$0	$0	$0
MARY H BOOKMAN	TRUSTEE	2.00	Director	$0	$0	$0
BRENT M BUCKLEY	TRUSTEE	2.00	Director	$0	$0	$0
ERIN N CHELUNE-BOOTS	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT L ENGLANDER	TRUSTEE EMERITUS	2.00	Director	$0	$0	$0
CHERYL FIELDS	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS P FURNAS	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL H GREENBERG OD	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT L HARTFORD III	TRUSTEE	2.00	Director	$0	$0	$0
LYNN V HEILIGENTHAL-SHOWALTER	TRUSTEE	2.00	Director	$0	$0	$0
PETER A IGEL	TRUSTEE	2.00	Director	$0	$0	$0
FREDERICK KUPER JONES	TRUSTEE	2.00	Director	$0	$0	$0
NATHAN KELLY	TRUSTEE	2.00	Director	$0	$0	$0
HOWARD A LICHTIG	TRUSTEE	2.00	Director	$0	$0	$0
BRUCE LOESSIN	TRUSTEE	2.00	Director	$0	$0	$0
BEEJADI N MUKUNDA MD	TRUSTEE	2.00	Director	$0	$0	$0
LARISA NIAZOV	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS P O'MALLEY	TRUSTEE	2.00	Director	$0	$0	$0
DOUGLAS A PIPE	TRUSTEE	2.00	Director	$0	$0	$0
RONALD E POSNER MD	TRUSTEE	2.00	Director	$0	$0	$0
BEVERLY J ROACH	TRUSTEE	2.00	Director	$0	$0	$0
JAMES P SACHER	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW L SIKOROVSKY	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM L SPRING ESQ	TRUSTEE	2.00	Director	$0	$0	$0
G MAXWELL TOOLE	TRUSTEE	2.00	Director	$0	$0	$0
KATHY WALTERS	TRUSTEE	2.00	Director	$0	$0	$0
STEVEN WILLENSKY	TRUSTEE	2.00	Director	$0	$0	$0
LARRY BENDERS	PRESIDENT/CEO	40.00	Officer	$397,404	$35,089	$432,493
KEVIN R KRENCISZ	EXECUTIVE VP/CFO	40.00	Officer	$233,337	$9,178	$242,515
JASSEN RAMZI TAWIL	CHIEF OPERATING OFFICER	40.00	Officer	$184,812	$15,694	$200,506
JUDITH L WEYBURNE	CHIEF OF CLIENT SERVICES	40.00	Officer	$184,331	$15,290	$199,621
CHARLOTTE FORNAL	CONTROLLER	40.00	Highest	$131,497	$11,482	$142,979
HALEY J MARBLESTONE	DIRECTOR OF DEVELOPMENT	40.00	Highest	$108,076	$9,564	$117,640
NATALEE R RACKUS	CLINIC DIRECTOR	40.00	Highest	$114,875	$4,936	$119,811
ANNALISA KATZ SCHLOSS	CLINIC MANAGER	40.00	Highest	$145,910	$12,388	$158,298
ERIN ST DENIS	OCCUPATIONAL THERAPIST	40.00	Highest	$109,795	$9,646	$119,441

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	$15,659,442	$13,976,414	$162,058,644	$1,683,028
2023	$12,158,033	$12,832,828	$148,418,337	$-674,795
2022	$30,999,535	$11,595,985	$135,638,070	$19,403,550
2021	$29,589,386	$11,037,923	$134,853,057	$18,551,463
2020	$18,312,628	$9,964,361	$119,935,703	$8,348,267
2019	$10,386,625	$10,769,674	$110,357,093	$-383,049
2018	$11,448,079	$11,208,515	$97,212,363	$239,564