INDUSTRIES FOR THE BLIND AND VISUALLY IMPAIRED INC

EIN: 390840476 501(c)(3) Employment

WEST ALLIS, WI

Total Revenue
$12,575,542
Total Expenses
$12,789,886
Total Assets
$88,386,123
Net Assets
$71,372,651
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
WI
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 PROVIDE AND GROW EMPLOYMENT OPPORTUNITIES FOR 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%)

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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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Governance

Voting Members
12
Independent Members
10
Employees
268
Volunteers
12

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
$1,294,757
Total Directors
14
$1,294,757
Key Employees
3
$995,383
Highest Compensated
5
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
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
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