The Vocation Depot Inc (EIN 462311717) - 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

2013

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

The Vocation Depot Inc, founded in 2013, is a community nonprofit in the Employment sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

Provide employment services for individuals with disabilities and military veterans.

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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 $4,262

Program Service Revenue $1,382,395

Investment Income $12,237

Other Revenue $0

TOTAL REVENUE $1,398,894

Expense Breakdown

Grants Paid $3,112

Salaries & Benefits $1,445,664

Fundraising Expenses $0

Program Expenses $1,496,870

Other Expenses $119,882

TOTAL EXPENSES $1,568,658

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,398,894	$1,651,104	-0.2%
Expenses	$1,568,658	$1,542,292	+0.0%
Net Income	$-169,764	$108,812	-2.6%

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

144

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

$329,714

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wendy Ginsburg	Employment Specialist	40.00	Highest	$180,048	$0	$180,048
Frank Farinella	CEO	40.00	Officer	$128,017	$0	$128,017
Kevin Vincent	President	40.00	Officer	$105,840	$0	$105,840
Cheryl Vincent	Executive Director	40.00	Officer	$95,857	$0	$95,857

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	$1,398,894	$1,568,658	$666,561	$-169,764
2023	$1,651,104	$1,542,292	$819,560	$108,812
2022	$1,046,406	$1,016,181	$669,629	$30,225
2021	$1,094,014	$800,614	$644,004	$293,400
2020	$735,716	$644,761	$347,854	$90,955

The Vocation Depot Inc