VOCATIONAL DEVELOPMENT CENTER INC (EIN 420939347) - Form 990 Financial Analysis & Trantor Score

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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

1968

Legal Domicile

Principal Officer

STEVE HODAPP

Phone

7123282638

Tax Period

2024-07-01 to 2025-06-30

VOCATIONAL DEVELOPMENT CENTER INC, founded in 1968, is a mid-sized nonprofit in the Community Improvement sector that reported $19.8M in total revenue in fiscal year 2024.

Mission

PROVIDE SERVICES TO PERSONS WITH DISABILITIES SO THEY CAN ACHIEVE THEIR FULL POTENTIAL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $341,983

Program Service Revenue $19,099,962

Investment Income $372,721

Other Revenue $7,646

TOTAL REVENUE $19,822,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,018,570

Fundraising Expenses $100,000

Program Expenses $16,778,768

Other Expenses $10,640,150

TOTAL EXPENSES $19,658,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,822,312	$19,020,012	+0.0%
Expenses	$19,658,720	$18,059,408	+0.1%
Net Income	$163,592	$960,604	-0.8%

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

439

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

$442,528

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE HODAPP	CEO	40.00	Officer	$261,265	$27,915	$289,180
AARON HOUSER	CFO	40.00	Officer	$128,931	$24,417	$153,348
DARYN RICHARDSON	SERVICES DEVELOPMENT CENTER	40.00	Highest	$114,123	$26,283	$140,406
DARON KRUSE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JIM BLIETZ	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
LAURIE THIES	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL LARKIN	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID POPPERT	DIRECTOR	0.50	Director	$0	$0	$0
KARA RISO ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
DRA HAMILTON	DIRECTOR	0.50	Director	$0	$0	$0
MATT KOLEY	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT LIVINGSTON	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTIE SCOTT	DIRECTOR	0.50	Director	$0	$0	$0
LESLIE SOUTHARD	DIRECTOR	0.50	Director	$0	$0	$0
DAVID ZIMMERMAN	DIRECTOR	0.50	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
2025	$19,822,312	$19,658,720	$16,141,910	$163,592
2024	No data	No data	No data	No data
2023	$17,811,844	$17,254,089	$15,088,008	$557,755
2022	$17,109,339	$15,522,891	$14,487,170	$1,586,448
2021	$16,204,305	$14,775,872	$12,984,673	$1,428,433
2020	$16,668,766	$15,383,872	$11,421,546	$1,284,894
2019	$16,745,392	$15,213,508	$10,369,439	$1,531,884

VOCATIONAL DEVELOPMENT CENTER INC