VIP VOCATIONAL SERVICES INC D/B/A/ HEARTLAND INDUSTRIES (EIN 431398675) - 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

1986

Legal Domicile

Principal Officer

SUSAN M WALLIS

Phone

5733349661

Tax Period

2023-07-01 to 2024-06-30

VIP VOCATIONAL SERVICES INC D/B/A/ HEARTLAND INDUSTRIES, founded in 1986, is a community nonprofit in the Employment sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 47% operating margin.

Mission

TO PROVIDE WORK EXPERIENCE FOR PERSONS WITH DEVELOPMENT DISABILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8

Program Service Revenue $1,424,987

Investment Income $412,969

Other Revenue $340,434

TOTAL REVENUE $2,178,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,150

Fundraising Expenses $0

Program Expenses $972,399

Other Expenses $955,983

TOTAL EXPENSES $1,146,133

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,178,398	$1,671,342	+0.3%
Expenses	$1,146,133	$1,052,441	+0.1%
Net Income	$1,032,265	$618,901	+0.7%

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

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

$36,718

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN M WALLIS	CEO	15.00	Officer	$36,718	$0	$36,718
JAN COTNER	DIRECTOR	2.00	Director	$0	$0	$0
LYNN COTNER	SECRETARY	2.00	Director	$0	$0	$0
NANCY GIBSON	DIRECTOR	2.00	Director	$0	$0	$0
LYNN HILLIN	DIRECTOR	2.00	Director	$0	$0	$0
LINDA MAHY	VICE CHAIRMA	2.00	Director	$0	$0	$0
STEVE SCHMITTZEHE	CHAIRMAN	2.00	Director	$0	$0	$0
PAT STOKES	SECRETARY	2.00	Director	$0	$0	$0
DAN ZEMBSCH	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$2,178,398	$1,146,133	$13,653,591	$1,032,265
2023	$1,671,342	$1,052,441	$12,462,714	$618,901
2022	$1,273,306	$788,971	$11,911,708	$484,335
2021	$1,090,707	$708,422	$12,518,387	$382,285
2020	$975,501	$678,213	$12,124,541	$297,288
2019	$2,408,110	$575,355	$10,473,829	$1,832,755

VIP VOCATIONAL SERVICES INC D/B/A/ HEARTLAND INDUSTRIES