BLIND SERVICE ASSOCIATION INC (EIN 362240484) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1930

Legal Domicile

Principal Officer

LYLE HARLOW

Phone

3122360808

Tax Period

2022-05-01 to 2023-04-30

BLIND SERVICE ASSOCIATION INC, founded in 1930, is a small nonprofit in the Human Services sector that reported $917K in total revenue in fiscal year 2019. Revenue fell 67% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $335K, a strong 37% operating margin.

Mission

THE ORGANIZATION PROVIDES VARIOUS SERVICES AND ASSISTANCE TO THE BLIND AND VISUALLY IMPAIRED IN THE CHICAGO AREA. IT PROVIDES READING AND RECORDING SERVICES FREE OF CHARGE TO ITS CLIENTS, IN ADDITION TO A NUMBER OF OTHER SUCCESSFUL AND POPULAR EDUCATION, RECREATIONAL AND SUPPORT GROUPS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $180,817

Program Service Revenue $0

Investment Income $343,906

Other Revenue $17,791

TOTAL REVENUE $542,514

Expense Breakdown

Grants Paid $26,500

Salaries & Benefits $320,835

Fundraising Expenses $6,361

Program Expenses $480,958

Other Expenses $528,401

TOTAL EXPENSES $875,736

Year-over-Year Comparison

	2022	2021	Change
Revenue	$542,514	$818,839	-0.3%
Expenses	$875,736	$665,197	+0.3%
Net Income	$-333,222	$153,642	-3.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$86,529

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYLE HAMRICK HARLOW	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN P CASEY	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
THOMAS J LOFTUS	SECRETARY	5.00	Officer Director	$0	$0	$0
JOHN POWEN	TREASURER	5.00	Officer Director	$0	$0	$0
DR MATTHEW GIFFORD	DIRECTOR	2.00	Director	$0	$0	$0
JOEL MATTER	DIRECTOR	2.00	Director	$0	$0	$0
ANN MUNOZ	DIRECTOR	2.00	Director	$0	$0	$0
ANTHONY THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
YAN ZONG	DIRECTOR	2.00	Director	$0	$0	$0
DR CAROL MENNER	PAST PRESIDENT	2.00	Director	$0	$0	$0
LAURA STOKES-GRAY	EXECUTIVE DIRECTOR	40.00	Officer	$86,529	$0	$86,529

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	No data	No data	No data	No data
2023	$542,514	$875,736	$12,003,833	$-333,222
2023	$542,514	$875,736	$12,003,833	$-333,222
2023	$463,722	$724,537	$12,596,378	$-260,815
2023	No data	No data	No data	No data
2022	$818,839	$665,197	$11,989,714	$153,642
2021	$933,337	$521,450	$13,073,740	$411,887
2020	$916,949	$581,893	$10,420,400	$335,056

BLIND SERVICE ASSOCIATION INC