WOOD LANE INDUSTRIES

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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

1962

Legal Domicile

Principal Officer

MELINDA KALE

Phone

4193525059

Tax Period

2024-10-01 to 2025-09-30

WOOD LANE INDUSTRIES, founded in 1962, is a community nonprofit in the Employment sector that reported $3.1M in total revenue in fiscal year 2024. Expenses of $2.9M left a modest 7% surplus.

Mission

PROVIDE EMPLOYMENT AND TRAINING TO PERSONS WHO ARE MENTALLY AND DEVELOPMENTALLY DISABLED IN SEVERAL DIFFERENT ENVIRONMENTS, SUCH AS SHELTERED WORKSHOPS AND COMMUNITY SETTINGS.

Program Service Accomplishments

Program 1

Expenses: $1,368,904

PROVIDE EMPLOYMENT OPPORTUNITIES FOR INDIVIDUALS WITH DISABILITIES IN NORTHWEST OHIO. THIS INCLUDES RE-MANUFACTURE OF TONER CARTRIDGES, EMPLOYMENT SUPPORTS INCLUDING VOCATIONAL/HABILITATION, DAY...

PROVIDE EMPLOYMENT OPPORTUNITIES FOR INDIVIDUALS WITH DISABILITIES IN NORTHWEST OHIO. THIS INCLUDES RE-MANUFACTURE OF TONER CARTRIDGES, EMPLOYMENT SUPPORTS INCLUDING VOCATIONAL/HABILITATION, DAY SERVICES, PERSONAL CARE AND TRANSPORTATION, INDEPENDENT JOBS IN COMMUNITY SETTINGS, SHELTERED WORKSHOP, AND SCANNING 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 (2024)

Revenue Breakdown

Contributions & Grants $103,606

Program Service Revenue $2,529,975

Investment Income $167,330

Other Revenue $327,401

TOTAL REVENUE $3,128,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,021,720

Fundraising Expenses $17,340

Program Expenses $1,368,904

Other Expenses $889,257

TOTAL EXPENSES $2,910,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,128,312	$3,124,455	+0.0%
Expenses	$2,910,977	$2,695,362	+0.1%
Net Income	$217,335	$429,093	-0.5%

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

152

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY CORRAL	DIRECTOR	1.00	Director	$0	$0	$0
JOE FRIZADO	DIRECTOR	1.00	Director	$0	$0	$0
ERIC HENNAN	DIRECTOR	1.00	Director	$0	$0	$0
MARY HINKELMAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER LAWSON	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY WULFF-CORDES	DIRECTOR	1.00	Officer 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
2025	$3,128,312	$2,910,977	$7,804,147	$217,335
2024	$3,124,455	$2,695,362	$7,622,284	$429,093
2023	$3,186,310	$2,690,628	$7,214,081	$495,682
2022	$3,005,682	$2,597,839	$5,970,316	$407,843
2021	$3,118,824	$2,311,373	$5,564,320	$807,451
2020	$2,777,070	$2,388,922	$4,507,849	$388,148
2019	$3,003,810	$3,063,215	$3,740,604	$-59,405