VOCATIONAL INDEPENDENCE PROGRAM INC (EIN 381558541) - 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

1954

Legal Domicile

Principal Officer

RENE M SHERWOOD

Phone

8102383671

Tax Period

2024-10-01 to 2025-09-30

VOCATIONAL INDEPENDENCE PROGRAM INC, founded in 1954, is a small nonprofit in the Human Services sector that reported $806K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $930K exceeded revenue, resulting in a 15% operating deficit.

Mission

SUPPORT CHOICE DRIVEN COMMUNITY FOCUSED SERVICES, WHILE IMPROVING THE LIVES OF PERSONS WITH DISABILITIES, THROUGH VOCATIONAL AND PERSONAL SKILL DEVELOPMENT.

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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 $53,799

Program Service Revenue $565,871

Investment Income $163,361

Other Revenue $22,941

TOTAL REVENUE $805,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $629,959

Fundraising Expenses $0

Program Expenses $501,198

Other Expenses $300,378

TOTAL EXPENSES $930,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$805,972	$539,301	+0.5%
Expenses	$930,337	$786,602	+0.2%
Net Income	$-124,365	$-247,301	-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

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

$126,464

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENE M SHERWOOD	EXECUTIVE DI	40.00	Officer	$110,944	$15,520	$126,464
MICHAEL THEILE	DIRECTOR	3.00	Director	$0	$0	$0
TERRY PFAFF	TREASURER/SE	3.00	Officer Director	$0	$0	$0
JUDITH DUNTON	PRESIDENT	3.00	Officer Director	$0	$0	$0
RICHARD HILL	DIRECTOR	3.00	Director	$0	$0	$0
AMY JOHNSON	DIRECTOR	3.00	Director	$0	$0	$0
BROOKE GOW	DIRECTOR	3.00	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	$805,972	$930,337	$3,674,834	$-124,365
2024	$539,301	$786,602	$3,620,875	$-247,301
2023	$539,129	$713,914	$3,244,059	$-174,785
2022	$176,763	$806,555	$3,224,287	$-629,792
2021	$505,545	$710,116	$4,332,259	$-204,571
2020	$1,267,909	$1,524,249	$4,449,628	$-256,340
2019	$1,225,587	$1,440,265	$4,234,181	$-214,678
2018	$1,551,422	$1,676,956	$2,748,217	$-125,534

VOCATIONAL INDEPENDENCE PROGRAM INC