BLIND SERVICE ASSOCIATION INC

EIN: 362240484 501(c)(3) Human Services

CHICAGO, IL

Total Revenue
$542,514
Total Expenses
$875,736
Total Assets
$12,003,833
Net Assets
$11,296,905
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1930
Legal Domicile
IL
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 $543K in total revenue in fiscal year 2022. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $876K exceeded revenue, resulting in a 61% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $132,295

READING AND RECORDING:THE PURPOSE OF THE PROGRAM IS TO PROVIDE ONE-ON-ONE READING AND RECORDING OF MATERIAL SO THAT BLIND AND VISUALLY IMPAIRED PEOPLE ARE ABLE TO MAINTAIN THEIR INDEPENDENCE WHETHER...

Read more

READING AND RECORDING:THE PURPOSE OF THE PROGRAM IS TO PROVIDE ONE-ON-ONE READING AND RECORDING OF MATERIAL SO THAT BLIND AND VISUALLY IMPAIRED PEOPLE ARE ABLE TO MAINTAIN THEIR INDEPENDENCE WHETHER AT SCHOOL, ON THE JOB OR IN THEIR HOME.

Program 2
Expenses: $147,283

PATHWAYS (YOUTH PROGRAM):THE PURPOSE OF THE PROGRAM IS TO PROVIDE VISUALLY IMPAIRED AND BLIND STUDENTS WITH MENTORING, ACADEMIC TRACK COACHING, COLLEGE READINESS, COMPUTER TRAINING, A QUARTERLY...

Read more

PATHWAYS (YOUTH PROGRAM):THE PURPOSE OF THE PROGRAM IS TO PROVIDE VISUALLY IMPAIRED AND BLIND STUDENTS WITH MENTORING, ACADEMIC TRACK COACHING, COLLEGE READINESS, COMPUTER TRAINING, A QUARTERLY NEWSLETTER AND A 6-WEEK SUMMER PROGRAM CALLED PATHWAYS. THE PURPOSE OF PATHWAYS IS TO PROMOTE INDEPENDENCE AS THESE YOUNG PEOPLE REACH ADULTHOOD. THEY ARE TAUGHT DAILY LIVING SKILLS, PARTICIPATE IN RECREATIONAL AND PERFORMING ARTS ACTIVITIES AND LEARN CANE TRAVEL AS THEY VISIT VARIOUS CULTURAL SITES IN THE CITY. BSA ALSO PROVIDES GLASSES AND VISION AIDS TO THOSE IN NEED AND GRANTS $30,000 YEARLY IN EDUCATIONAL SCHOLARSHIPS TO LEGALLY BLIND COLLEGE, GRADUATE AND VOCATIONAL STUDENTS.

Program 3
Expenses: $77,683

SUPPORT SERVICES:THE PURPOSE OF THE PROGRAM IS TO PROVIDE EDUCATION, RECREATION AND SUPPORT TO BLIND AND VISUALLY IMPAIRED ADULTS. THERE ARE FOUR SEPARATE SUPPORT GROUPS THAT INDIVIDUALS ATTEND ON A...

Read more

SUPPORT SERVICES:THE PURPOSE OF THE PROGRAM IS TO PROVIDE EDUCATION, RECREATION AND SUPPORT TO BLIND AND VISUALLY IMPAIRED ADULTS. THERE ARE FOUR SEPARATE SUPPORT GROUPS THAT INDIVIDUALS ATTEND ON A MONTHLY BASIS. THE PURPOSE IS TO OFFER SUPPORT TO THOSE WHO ARE TRYING TO ADJUST TO THEIR EYE CONDITION. EDUCATIONAL SEMINARS ARE HELD ONE TO TWO TIMES PER MONTH IN ORDER TO OFFER INFORMATION TO HELP BLIND AND VISUALLY IMPAIRED PEOPLE BETTER ADAPT TO THEIR CONDITION. IN ADDITION, BSA SUPPORTS THEIR CLIENTS WITH VARIOUS CLUBS AND SOCIAL EVENTS THAT HELP THEM TO REMAIN ACTIVE. BSA ALSO PROVIDES INDIVIDUAL PRIVATE BRAILLE LESSONS AND ADAPTIVE TECHNOLOGY SUPPORT.

🔒

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%)

Sign In — Free (10 views/day)

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

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
9
Volunteers
10

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
5
$86,529
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
Top 100 Nonprofits in Illinois Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare BLIND SERVICE ASSOCIATION INC with other nonprofits in Illinois and across the country.