INDUSTRIES FOR THE BLIND AND VISUA… - Form 990 Financial Data

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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

1952

Legal Domicile

Principal Officer

CHARLES J LANGE III

Phone

4147783040

Tax Period

2023-10-01 to 2024-09-30

INDUSTRIES FOR THE BLIND AND VISUALLY IMPAIRED INC, founded in 1952, is a mid-sized nonprofit in the Employment sector that reported $12.6M in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Net assets of $71.4M represent 68 months of operating reserves.

Mission

TO CREATE AND GROW EMPLOYMENT OPPORTUNITIES FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED.

Program Service Accomplishments

Program 1

Expenses: $6,529,309 Revenue: $11,369,893

TO PROVIDE AND GROW EMPLOYMENT OPPORTUNITIES FOR BLIND AND VISUALLY IMPAIRED PEOPLE. DURING THE TAX YEAR, THE ORGANIZATION EMPLOYED 122 BLIND OR VISUALLY IMPAIRED PEOPLE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,171,869

Other Revenue $11,403,673

TOTAL REVENUE $12,575,542

Expense Breakdown

Grants Paid $216,087

Salaries & Benefits $6,049,478

Fundraising Expenses $0

Program Expenses $6,529,309

Other Expenses $6,524,321

TOTAL EXPENSES $12,789,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,575,542	$21,315,807	-0.4%
Expenses	$12,789,886	$12,628,135	+0.0%
Net Income	$-214,344	$8,687,672	-1.0%

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

268

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

$1,294,757

Total Directors

$1,294,757

Key Employees

$995,383

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES J LANGE III	CEO/PRESIDENT	50.00	Officer Director	$757,135	$19,614	$776,749
JEFF MADDEN	CFO/TREASURER	50.00	Officer Director	$502,283	$15,725	$518,008
HEIDI CHADA	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAN LOCOCO	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARY VAN VOLKINBURG	SECRETARY	1.00	Officer Director	$0	$0	$0
CORY BALLARD	BOARD MEMBER	1.00	Director	$0	$0	$0
DR MICHAEL BONNER	BOARD MEMBER (THRU SEP 2024)	1.00	Director	$0	$0	$0
SUSAN DOWD	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRICE HARREL	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW KICKBUSH	BOARD MEMBER (THRU MAY 2024)	1.00	Director	$0	$0	$0
JOE KOHLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN O'CONNOR	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM SCRIVNER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHUCK STADLER	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD WEIGOLD	SR.VP PRODUCT/CHANNEL(THRU NOV 2024)	40.00	Key Emp	$364,351	$12,322	$376,673
PATRICK CRAIN	CHIEF MANUFACTURE/LOGISTICS OFFICER	40.00	Key Emp	$334,631	$16,398	$351,029
TODD HOBART	VP BSC STORE OPERATIONS	40.00	Key Emp	$258,541	$9,140	$267,681
ANDREW KULICH	SR DIR IBVI CUSTOM	40.00	Highest	$173,285	$15,006	$188,291
SCOTT COLE	DIRECTOR OF CONTRACTS	40.00	Highest	$148,242	$7,440	$155,682
SUBHENDU MODAK	DIR INFORMATION TECHNOLOGY	40.00	Highest	$142,794	$5,712	$148,506
DAVID BATTANI	DIRECTOR OF PRICING	40.00	Highest	$130,245	$6,859	$137,104
CONNIE KNUTSON	EXEC. DIR. OF HUMAN RESOURCES	40.00	Highest	$126,994	$7,110	$134,104

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	No data	No data	No data	No data
2024	$12,575,542	$12,789,886	$88,386,123	$-214,344
2023	$21,315,807	$12,628,135	$93,707,381	$8,687,672
2022	$8,153,461	$11,329,432	$79,808,956	$-3,175,971
2021	$10,367,576	$12,431,364	$80,204,002	$-2,063,788
2020	$15,102,682	$14,770,027	$79,246,011	$332,655
2019	$17,559,588	$14,727,392	$79,371,016	$2,832,196

INDUSTRIES FOR THE BLIND AND VISUALLY IMPAIRED INC