ASSOCIATED BLIND FOUNDATION INC C/… - 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

2013

Legal Domicile

Principal Officer

JOSEPH MALEWICH

Phone

2126209109

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATED BLIND FOUNDATION INC C/O COMERFORD & DOUGHERTY LLP, founded in 2013, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 79% operating margin.

Mission

TO FUND SOCIAL SERVICES FOR THE VISUALLY IMPAIRED AND DISABLED TENANTS OF AFFORDABLE HOUSING PROVIDED BY THE ASSOCIATED BLIND HOUSING DEVELOPMENT CORPORATION

Program Service Accomplishments

Program 1

Expenses: $234,315 Revenue: $157,771

TO FUND SOCIAL SERVICES FOR THE VISUALLY IMPAIRED AND DISABLED TENANTS OF AFFORDABLE HOUSING PROVIDED BY THE ASSOCIATED BLIND HOUSING DEVELOPMENT CORPORATION

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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 $1,000,000

Program Service Revenue $157,771

Investment Income $244,837

Other Revenue $0

TOTAL REVENUE $1,402,608

Expense Breakdown

Grants Paid $800

Salaries & Benefits $87,378

Fundraising Expenses $0

Program Expenses $234,315

Other Expenses $213,036

TOTAL EXPENSES $301,214

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,402,608	$2,500,141	-0.4%
Expenses	$301,214	$182,338	+0.7%
Net Income	$1,101,394	$2,317,803	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE LEONARD	SECRETARY	2.00	Officer Director	$0	$0	$0
KEN SIDLOWSKI	VICE-PRESIDENT & TREASURER	2.00	Director	$0	$0	$0
JOSEPH MALEWICH	PRESIDENT	2.00	Officer 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
2024	$1,402,608	$301,214	$11,781,173	$1,101,394
2023	$2,500,141	$182,338	$9,875,738	$2,317,803
2022	$1,228,455	$101,730	$6,663,416	$1,126,725
2021	$6,259,410	$20,898	$6,670,099	$6,238,512
2020	No data	$9,000	$636,217	No data

ASSOCIATED BLIND FOUNDATION INC C/O COMERFORD & DOUGHERTY LLP