BLIND INSTITUTE OF TECHNOLOGY

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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

Principal Officer

MICHAEL HESS

Phone

3039956453

Tax Period

2024-01-01 to 2024-12-31

BLIND INSTITUTE OF TECHNOLOGY, founded in 2013, is a community nonprofit in the Unknown sector that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 264% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 58% operating margin.

Mission

BIT PREPARES THE BLIND AND VISUALLY IMPAIRED, AND THE EMPLOYERS WHO HIRE THEM, FOR SUCCESS IN THE WORKPLACE.

Program Service Accomplishments

Program 1

Expenses: $1,056,195

IN 2024, BLIND INSTITUTE OF TECHNOLOGY (BIT) ADVANCED ITS MISSION OF CREATING EQUITABLE CAREER PATHWAYS FOR PROFESSIONALS WITH DISABILITIES THROUGH THREE MAJOR ACHIEVEMENTS. BIT SECURED 12...

IN 2024, BLIND INSTITUTE OF TECHNOLOGY (BIT) ADVANCED ITS MISSION OF CREATING EQUITABLE CAREER PATHWAYS FOR PROFESSIONALS WITH DISABILITIES THROUGH THREE MAJOR ACHIEVEMENTS. BIT SECURED 12 APPRENTICESHIP PLACEMENTS WITH NATIONAL EMPLOYERS, PROVIDING HANDS-ON CAREER OPPORTUNITIES THAT LEAD TO LONG-TERM EMPLOYMENT.

Program 2

BIT TEAM CONDUCTED 34 ACCESSIBILITY AUDITS FOR ORGANIZATIONS ACROSS THE COUNTRY, HELPING ENSURE DIGITAL TOOLS AND WORKPLACES ARE USABLE FOR ALL.

Program 3

THE BIT ACADEMY CELEBRATED 80 GRADUATES WITH DISABILITIES, EQUIPPING THEM WITH INDUSTRY-RECOGNIZED CERTIFICATIONS IN SALESFORCE AND DIGITAL ACCESSIBILITY TO THRIVE IN TODAY'S WORKFORCE.

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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 $3,099,454

Program Service Revenue $820,430

Investment Income $1,433

Other Revenue $1,271

TOTAL REVENUE $3,922,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $921,056

Fundraising Expenses $162,264

Program Expenses $1,056,195

Other Expenses $718,405

TOTAL EXPENSES $1,639,461

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,922,588	$1,077,170	+2.6%
Expenses	$1,639,461	$1,306,775	+0.3%
Net Income	$2,283,127	$-229,605	-10.9%

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

$202,190

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA WODSENSKI	BOARD PRESID	N/A	Officer Director	$0	$0	$0
TAMMY TEITSCHEIND	BOARD SECRET	N/A	Officer Director	$0	$0	$0
ZENITA HENDERSON	BOARD TREASU	N/A	Officer Director	$0	$0	$0
MICHAEL HESS	EXECUTIVE DI	40.00	Officer	$140,961	$6,195	$147,156
NATALIE HESS	CCO	40.00	Officer	$51,321	$3,713	$55,034

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	$3,922,588	$1,639,461	$2,439,987	$2,283,127
2023	$1,077,170	$1,306,775	$278,525	$-229,605
2022	$1,184,778	$1,197,514	$478,149	$-12,736
2021	$1,065,318	$956,774	$507,124	$108,544
2020	$834,553	$682,174	$239,804	$152,379
2019	$576,626	$717,640	$166,662	$-141,014
2018	$841,686	$770,882	$242,531	$70,804