TRI-STATE INDEPENDENT BLIND SOCIET… - 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

1975

Legal Domicile

Principal Officer

DEBRA GAGNE

Phone

5635568746

Tax Period

2024-01-01 to 2024-12-31

TRI-STATE INDEPENDENT BLIND SOCIETY INC, founded in 1975, is a small nonprofit in the Human Services sector that reported $328K in total revenue in fiscal year 2024. Expenses of $393K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR THE VISUALLY IMPAIRED AND HELP THEM LIVE INDEPENDENTLY.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $3,519

LOW VISION CLINIC: PROGRAM TO PROVIDE EYE EXAMINATIONS AND SPECIAL LENSES FOR LOW VISION PATIENTS. THE ORGANIZATION HAD 899 INDIVIDUALS COME TO THE CENTER TO INQUIRE OR BUY LOW VISION AIDS.

Program 2

Expenses: $233,040 Revenue: $270

VARIOUS SERVICES TO THE BLIND COMMUNITY: MAINTAINING SPECIAL LIBRARIES (BRAILLE, TALKING BOOKS), CANE-WALKING INSTRUCTION, TRANSPORTATION, INDEPENDENT LIVING INSTRUCTION, INFORMATION AND REFERRALS...

VARIOUS SERVICES TO THE BLIND COMMUNITY: MAINTAINING SPECIAL LIBRARIES (BRAILLE, TALKING BOOKS), CANE-WALKING INSTRUCTION, TRANSPORTATION, INDEPENDENT LIVING INSTRUCTION, INFORMATION AND REFERRALS, COMMUNITY INSTRUCTION.THERE WERE A TOTAL OF 1,400 CLIENTS SERVED BETWEEN HOME VISITS, ACTIVITIES, CLASSES, TALKS, TOURS, AND OTHER EVENTS.

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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 $6,806

Program Service Revenue $3,519

Investment Income $165

Other Revenue $317,586

TOTAL REVENUE $328,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,163

Fundraising Expenses $0

Program Expenses $233,040

Other Expenses $223,323

TOTAL EXPENSES $393,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$328,076	$335,268	0.0%
Expenses	$393,486	$422,008	-0.1%
Net Income	$-65,410	$-86,740	-0.2%

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

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

$57,538

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE HOFFMANN	DIRECTOR	0.40	Director	$0	$0	$0
RON HERRIG	DIRECTOR	0.60	Director	$0	$0	$0
LORI VARGAS	DIRECTOR	0.40	Director	$0	$0	$0
CATHY SAUSER	DIRECTOR	0.40	Director	$0	$0	$0
ANTONIO HAYES	DIRECTOR	0.40	Director	$0	$0	$0
VIOLET HAVERLAND	VICE PRESIDENT	0.40	Officer	$0	$0	$0
AMANDA MEIERS	SECRETARY/TREASURER	40.00	Officer	$24,875	$0	$24,875
DEBRA GAGNE	PRESIDENT	40.00	Officer	$32,663	$0	$32,663
MIKE GAGNE	TREASURER	0.40	Officer	$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	$328,076	$393,486	$2,425,150	$-65,410
2023	$335,268	$422,008	$2,519,154	$-86,740
2022	$393,451	$379,532	$2,630,435	$13,919
2021	$483,530	$388,326	$2,689,834	$95,204
2020	$210,025	$294,960	$2,618,759	$-84,935
2019	$389,984	$381,458	$2,678,609	$8,526
2018	$2,098,793	$386,684	$2,698,746	$1,712,109

TRI-STATE INDEPENDENT BLIND SOCIETY INC