WABASH AREA VOCATIONAL ENTERPRISES (EIN 370980465) - 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

1974

Legal Domicile

Principal Officer

STEPHANIE ALLEN

Phone

6182628614

Tax Period

2024-07-01 to 2025-06-30

WABASH AREA VOCATIONAL ENTERPRISES, founded in 1974, is a community nonprofit in the Unknown sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $197K, a strong 17% operating margin.

Mission

WELFARE OF DEVELOPMENTALLY DISABLED

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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 $1,117,093

Investment Income $19,587

Other Revenue $0

TOTAL REVENUE $1,136,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $676,116

Fundraising Expenses $7,465

Program Expenses $774,289

Other Expenses $263,861

TOTAL EXPENSES $939,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,136,680	$1,224,693	-0.1%
Expenses	$939,977	$1,115,001	-0.2%
Net Income	$196,703	$109,692	+0.8%

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

$51,882

Total Directors

$37,159

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARIN HODGSON	PRESIDENT	6.00	Officer Director	$0	$0	$0
KAREN SCHNARRE	SECRETARY	6.00	Officer Director	$0	$0	$0
MIRANDA KLINE	DIRECTOR	6.00	Director	$0	$0	$0
STEPHANIE ALLEN	FINANCIAL OFFICER	40.00	Officer	$51,882	$0	$51,882
TERRY KING	TREASURER	6.00	Officer Director	$0	$0	$0
DIANN BLACK	DIRECTOR	40.00	Director	$37,159	$0	$37,159

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	$1,136,680	$939,977	$2,284,859	$196,703
2024	$1,224,693	$1,115,001	$2,066,279	$109,692
2023	$906,603	$963,562	$1,951,032	$-56,959
2022	$1,117,624	$1,122,407	$2,030,445	$-4,783
2021	$1,140,033	$1,119,980	$2,038,706	$20,053
2020	$1,194,619	$1,097,772	$2,021,869	$96,847
2019	$1,172,019	$1,123,616	$1,782,721	$48,403

WABASH AREA VOCATIONAL ENTERPRISES