VISION LOSS RESOURCES INC

EIN: 410694713 501(c)(3)

LITTLE CANADA, MN

Total Revenue
$2,123,131
Total Expenses
$1,788,967
Total Assets
$17,334,067
Net Assets
$15,955,861
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
MN
Principal Officer
PETER M KRAMER
Phone
6128712222
Tax Period
2024-01-01 to 2024-12-31

VISION LOSS RESOURCES INC, founded in 1955, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $334K, a strong 16% operating margin.

Mission

PROVIDING INDEPENDENT-LIVING SERVICES AND TRAINING, COMMUNITY-BUILDING, OUTREACH AND EDUCATION FOR PEOPLE WHO ARE LOW-VISION, BLIND, OR DEAFBLIND, AND THEIR CAREGIVERS AND FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $788,931
Program Service Revenue $1,241,444
Investment Income $-214,174
Other Revenue $306,930
TOTAL REVENUE $2,123,131

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,378,931
Fundraising Expenses $45,633
Program Expenses $1,299,388
Other Expenses $410,036
TOTAL EXPENSES $1,788,967

Year-over-Year Comparison

2024 2023 Change
Revenue $2,123,131 $2,702,325 -0.2%
Expenses $1,788,967 $2,110,121 -0.2%
Net Income $334,164 $592,204 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
84
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
6
$389,982
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER M KRAMER CEO 40.00
Officer
$238,226 $11,352 $249,578
CHARLES J STROUD CFO/COO N/A
Officer
$0 $7,284 $140,404
LINDA GUZMAN CPS DIRECTOR N/A
Highest
$0 $14,590 $136,493
RICARDO LOPEZ SENIOR PROD N/A
Highest
$0 $13,143 $118,257
VANESSA BONN DIRECTOR 1.00
Director
$0 $0 $0
JOE DUPAY DIRECTOR 1.00
Director
$0 $0 $0
CORRINE KROEHLER DIRECTOR 1.00
Director
$0 $0 $0
DR ABDHISH BHAVSAR MD DIRECTOR 1.00
Director
$0 $0 $0
SUSAN MARKEY SECRETARY 1.00
Officer Director
$0 $0 $0
DANIEL MOSER DIRECTOR 1.00
Director
$0 $0 $0
DR CHRIS PALMER OD DIRECTOR 1.00
Director
$0 $0 $0
DENISE RAUNIG TREASURER 1.00
Officer Director
$0 $0 $0
CELESTE SCHUMACHER VICE CHAIR 1.00
Officer Director
$0 $0 $0
SARAH SNAPP CHAIR 1.00
Officer Director
$0 $0 $0
TONY THOMANN DIRECTOR 1.00
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
2024 $2,123,131 $1,788,967 $17,334,067 $334,164
2023 $2,702,325 $2,110,121 $15,813,751 $592,204
2022 $2,006,354 $4,271,768 $19,969,225 $-2,265,414
2021 $4,856,751 $2,630,864 $22,452,151 $2,225,887
2020 $2,533,994 $2,051,454 $14,973,587 $482,540
2019 $2,091,537 $2,874,916 $13,326,321 $-783,379
2018 $3,109,119 $2,762,750 $11,402,654 $346,369
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