SVRC Industries Inc

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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

1962

Legal Domicile

Principal Officer

Denise Berry

Phone

9892457184

Tax Period

2025-01-01 to 2025-12-31

SVRC Industries Inc, founded in 1962, is a mid-sized nonprofit in the Employment sector that reported $10.4M in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. Expenses of $9.1M left a modest 12% surplus.

Mission

Create and sustain opportunities and support systems for persons with barriers to employment and community access.

Program Service Accomplishments

Program 1

Expenses: $3,548,325

Great Lakes Bay MI Works Path - To provide assistance to individuals seeking employment

Program 2

Expenses: $392,836 Revenue: $673,345

Production/manufacturing services - to provide vocational training, work experience and extended work adjustment in real work situations.

Program 3

Expenses: $1,255,641 Revenue: $3,055,843

Empowered Voices Program - To provide vocational training, work experience and extended work adjustment in real work situations.

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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 (2025)

Revenue Breakdown

Contributions & Grants $4,991,266

Program Service Revenue $3,729,188

Investment Income $14,194

Other Revenue $1,683,612

TOTAL REVENUE $10,418,260

Expense Breakdown

Grants Paid $25,972

Salaries & Benefits $4,656,392

Fundraising Expenses $0

Program Expenses $8,385,345

Other Expenses $4,445,577

TOTAL EXPENSES $9,127,941

Year-over-Year Comparison

	2025	2024	Change
Revenue	$10,418,260	$11,582,478	-0.1%
Expenses	$9,127,941	$17,546,912	-0.5%
Net Income	$1,290,319	$-5,964,434	-1.2%

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

166

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

$450,527

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charleen Boland	Trustee	1.00	Director	$0	$0	$0
John Dunn	Trustee	1.00	Director	$0	$0	$0
Gilberto Guevara	Ex Officio	1.00	Officer Director	$0	$0	$0
Ryan Hammis	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Brian Keeler	Trustee	1.00	Director	$0	$0	$0
Greg Mair	Vice Chairperson	1.00	Officer Director	$0	$0	$0
Amy Mikolaiczik	Chairperson	1.00	Officer Director	$0	$0	$0
Shelley E Norris	Trustee	1.00	Director	$0	$0	$0
Jimmy Greene	Trustee	1.00	Director	$0	$0	$0
Denise Berry	CEO	40.00	Officer	$185,292	$8,485	$193,777
Jayne Roth	Controller	40.00	Officer	$115,769	$5,789	$121,558
Yolanda Bellinger	Chief Clinical Offic	14.00	Officer	$128,754	$6,438	$135,192

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	$10,418,260	$9,127,941	$27,840,747	$1,290,319
2024	$11,582,478	$17,546,912	$28,429,110	$-5,964,434
2023	$10,107,653	$10,059,566	$30,369,647	$48,087
2022	$12,194,625	$11,055,403	$31,187,008	$1,139,222
2022	$12,194,625	$11,055,403	$31,187,008	$1,139,222
2021	$10,824,855	$8,710,131	$26,910,154	$2,114,724
2020	$6,770,603	$8,079,211	$21,568,351	$-1,308,608
2019	$9,965,183	$9,839,714	$21,578,269	$125,469
2018	$10,781,545	$10,872,026	$21,224,387	$-90,481