SPECIALIZED VOCATIONAL SERVICES INC

EIN: 411895985 501(c)(3) Housing & Shelter

WORTHINGTON, MN

Total Revenue
$50,985
Total Expenses
$43,800
Total Assets
$95,065
Net Assets
$95,065
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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
1998
Legal Domicile
MN
Tax Period
2022-01-01 to 2022-12-31

SPECIALIZED VOCATIONAL SERVICES INC, founded in 1998, is a micro nonprofit in the Housing & Shelter sector that reported $51K in total revenue in fiscal year 2022. Revenue decreased 19% compared to the prior year. Expenses of $44K left a modest 14% surplus.

Mission

THE ORGANIZATION CONTRACTS WITH VARIOUS ORGANIZATIONS TO PROVIDE LABOR USING A WORKFORCE THAT CONSISTS PRIMARILY OF MENTALLY AND PHYSICALLY HANDICAPPED INDIVIDUALS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $47,339
Program Service Revenue $3,638
Investment Income $8
Other Revenue $0
TOTAL REVENUE $50,985

Expense Breakdown

Grants Paid $0
Salaries & Benefits $37,473
Fundraising Expenses $0
Program Expenses $24,444
Other Expenses $6,327
TOTAL EXPENSES $43,800

Year-over-Year Comparison

2022 2021 Change
Revenue $50,985 $63,333 -0.2%
Expenses $43,800 $52,362 -0.2%
Net Income $7,185 $10,971 -0.3%
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

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Governance

Voting Members
5
Independent Members
5
Employees
2
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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEVERLY WOLFF DIRECTOR 0.00
Officer Director
$0 $0 $0
TREVOR NICKEL DIRECTOR 0.00
Officer Director
$0 $0 $0
CHARLOTTE BROESDER DIRECTOR 0.00
Officer Director
$0 $0 $0
MERLE PERSING DIRECTOR 40.00
Officer Director
$0 $0 $0
MARTY JOHNSON CHAIRPERSON 0.00
Officer 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
2022 $50,985 $43,800 $95,065 $7,185
2021 $63,333 $52,362 $87,880 $10,971
2020 $56,456 $55,663 $76,909 $793
2019 $101,762 $63,077 $76,279 $38,685
2018 $80,503 $63,290 $37,594 $17,213
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