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

1980

Legal Domicile

Principal Officer

SUSAN BARRAGATE

Phone

2164317800

Tax Period

2024-01-01 to 2024-12-31

VOCATIONAL SERVICES INC, founded in 1980, is a small nonprofit that reported $867K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $569K, a strong 66% operating margin.

Mission

PROVIDING JOB OPPORTUNITIES FOR INDIVIDUALS WITH BARRIERS TO EMPLOYMENT

Program Service Accomplishments

Program 1

Expenses: $298,262 Revenue: $867,467

VSI, AN AFFILIATE COMPANY OF VGS, EXISTS TO CONNECT INDIVIDUALS WITH DISABILITIES TO JOBS IN THE PRIVATE SECTOR. VSI CONTRACTS WITH BUSINESSES TO MEET THEIR LABOR AND STAFFING NEEDS WHILE PROVIDING SECURE AND GOOD PAYING JOBS FOR OHIOANS WITH DISABILITIES WHO ARE OFTEN OVERLOOKED AS POTENTIAL EMPLOYEES. IN 2024, 95 INDIVIDUALS WITH DISABILITIES EARNED MORE THAN $870,000 IN WAGES THROUGH VSI CONTRACTS. THESE JOBS DO MORE THAN PROVIDE MUCH NEEDED SKILLS TRAINING, WORK EXPERIENCE, AND PAY CHECKS TO INDIVIDUALS WITH DISABILITIES, THEY DEMONSTRATE THE TALENTS OF INDIVIDUALS WITH DISABILITIES AND THE VALUE THAT THEY BRING TO THE WORKFORCE. VSI HELPS REALIZE THE VGS MISSION OF "CREATING PATHWAYS FOR INDIVIDUALS WITH DISABILITIES TO ENGAGE IN THE COMMUNITY, ACHIEVE GREATER INDEPENDENCE, AND ATTAIN EMPLOYMENT.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $867,467

TOTAL REVENUE $867,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,050

Fundraising Expenses $0

Program Expenses $298,262

Other Expenses $164,212

TOTAL EXPENSES $298,262

Year-over-Year Comparison

	2024	2023	Change
Revenue	$867,467	$1,185,147	-0.3%
Expenses	$298,262	$425,727	-0.3%
Net Income	$569,205	$759,420	-0.3%

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

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

$834,329

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON SAMBLANET	DIRECTOR	2.00	Director	$0	$0	$0
JAMES JAYE	DIRECTOR	2.00	Director	$0	$0	$0
TOM PETREDIS	DIRECTOR	2.00	Director	$0	$0	$0
LIZ GILLMORE	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER STULL	DIRECTOR	2.00	Director	$0	$0	$0
NEETI SUNDARESH	DIRECTOR	1.00	Director	$0	$0	$0
BILL CASTER	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP CARINO	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH DUBOIS	DIRECTOR	1.00	Director	$0	$0	$0
SEBASTIEN GLINZLER	DIRECTOR	1.00	Director	$0	$0	$0
DONALD GRIES	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW KEMMANN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN KIRK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KRUEGER	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP KURI	DIRECTOR	1.00	Director	$0	$0	$0
KATIE ALLENDER	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS RAAB	DIRECTOR	1.00	Director	$0	$0	$0
DIANE ROBERTO	DIRECTOR	1.00	Director	$0	$0	$0
FRANK PORTER	DIRECTOR	1.00	Director	$0	$0	$0
JOEL HLAVATY	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN BARRAGATE	PRESIDENT & CEO	4.00	Officer	$0	$25,500	$267,341
DANIEL LABIANCA	DIRECTOR OF OPERATIONS	4.00	Officer	$0	$6,858	$127,893
LAUREN HALEY	HUMAN RESOURCES	4.00	Officer	$0	$7,942	$119,319
LAURA LAMB	CHIEF OPERATING OFFICER	4.00	Officer	$0	$24,991	$213,568
ANDREW MCCOLISTER	CONTROLLER	4.00	Officer	$0	$5,958	$106,208

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	$867,467	$298,262	$4,060,769	$569,205
2023	$1,185,147	$425,727	$3,375,092	$759,420
2022	$596,344	$413,368	$2,659,247	$182,976
2021	$982,698	$572,879	$2,514,000	$409,819
2020	$794,084	$387,824	$2,044,622	$406,260
2019	$1,892,141	$461,201	$1,901,653	$1,430,940
2018	$1,099,207	$502,485	$1,342,351	$596,722