HADLEY INSTITUTE FOR THE BLIND AND VISUALLY IMPAIRED (EIN 362183809) - 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

1920

Legal Domicile

Principal Officer

JOHNJOE FARRAGHER

Phone

8474468111

Tax Period

2023-07-01 to 2024-06-30

HADLEY INSTITUTE FOR THE BLIND AND VISUALLY IMPAIRED, founded in 1920, is a community nonprofit in the Education sector that reported $6.7M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $9.9M exceeded revenue, resulting in a 47% operating deficit.

Mission

HADLEY PROVIDES BOTH PRACTICAL AND SOCIAL/EMOTIONAL HELP TO OLDER ADULTS ADJUSTING TO VISION LOSS, EMPOWERING THEM TO ADAPT AND THRIVE.

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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 $2,739,044

Program Service Revenue $0

Investment Income $3,954,527

Other Revenue $0

TOTAL REVENUE $6,693,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,202,831

Fundraising Expenses $1,133,949

Program Expenses $6,140,726

Other Expenses $4,655,701

TOTAL EXPENSES $9,858,532

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,693,571	$8,101,520	-0.2%
Expenses	$9,858,532	$9,408,048	+0.0%
Net Income	$-3,164,961	$-1,306,528	+1.4%

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

115

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

$702,069

Total Directors

$308,818

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN A WEAVER	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW J CITTADINE	TRUSTEE	1.00	Director	$0	$0	$0
ANN W CARTER	TRUSTEE	1.00	Director	$0	$0	$0
BARBRA BUKOVAC	TRUSTEE	1.00	Director	$0	$0	$0
BRADLEY E RENDELL	TRUSTEE	1.00	Director	$0	$0	$0
DAVID A FALTER	TRUSTEE	1.00	Director	$0	$0	$0
GARRICK M RICE	TRUSTEE	1.00	Director	$0	$0	$0
GORDON MONTGOMERY	TRUSTEE	1.00	Director	$0	$0	$0
JUERGEN M STARK	TRUSTEE	1.00	Director	$0	$0	$0
JULIE S TYE	PRESIDENT	38.00	Officer Director	$279,968	$28,850	$308,818
LOUIS S HARRISON	TRUSTEE	1.00	Director	$0	$0	$0
LOUISE A HOLLAND	TRUSTEE	1.00	Director	$0	$0	$0
LYNNE D MONTGOMERY	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK F STEPHAN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL A GOLD	TRUSTEE	1.00	Director	$0	$0	$0
MITCH GREENWALD	TRUSTEE	1.00	Director	$0	$0	$0
PAUL W EARLE JR	TRUSTEE	1.00	Director	$0	$0	$0
PAUL M GALLO	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA C FORSYTHE	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT B DICKES	TRUSTEE	1.00	Director	$0	$0	$0
STACE A HILBRANT	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN V L BROWN	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS C DENISON	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM T MCCLAIN	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH SAWYER	WOMAN'S BOARD PRESIDENT	1.00	Director	$0	$0	$0
BROOKE VOSS	VP & CHIEF DEVELOPMENT OFFICER	38.00	Officer	$188,178	$32,490	$220,668
MARY NELSON	CHIEF OPERATING OFFICER	38.00	Officer	$140,943	$31,640	$172,583
DOUGLAS WALKER	CHIEF INNOVATION OFFICER	38.00	Highest	$122,265	$400	$122,665
ANDRE LUKATSKY	CHIEF TECHNOLOGY OFFICER	38.00	Highest	$138,705	$16,388	$155,093
JOAN JAEGER	CHIEF MARKETING OFFICER	38.00	Highest	$180,511	$38,371	$218,882
EDWIN HAINES	CHIEF PROGRAM OFFICER	38.00	Highest	$172,303	$15,634	$187,937
SUSAN THOMPSON	CHIEF HUMAN RESOURCES OFFICER	38.00	Highest	$116,993	$8,173	$125,166

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	$6,693,571	$9,858,532	$101,670,943	$-3,164,961
2023	$8,101,520	$9,408,048	$96,616,672	$-1,306,528
2022	$15,744,483	$9,741,243	$99,224,802	$6,003,240
2021	$6,078,501	$9,581,162	$113,932,975	$-3,502,661
2020	$10,784,243	$9,730,575	$97,188,163	$1,053,668
2019	$8,429,787	$8,271,121	$99,986,778	$158,666
2018	$7,097,580	$7,559,427	$91,820,230	$-461,847

HADLEY INSTITUTE FOR THE BLIND AND VISUALLY IMPAIRED