THERAPEUTIC LIVING CENTERS FOR THE BLIND

EIN: 510143029 501(c)(3) Education

RESEDA, CA

Total Revenue
$17,046,535
Total Expenses
$17,140,256
Total Assets
$16,587,285
Net Assets
$9,270,270
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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
2003
Legal Domicile
CA
Principal Officer
BONNIE SCHLACHTE
Phone
8187081740
Tax Period
2023-07-01 to 2024-06-30

THERAPEUTIC LIVING CENTERS FOR THE BLIND, founded in 2003, is a mid-sized nonprofit in the Education sector that reported $17.0M in total revenue in fiscal year 2023.

Mission

AN EDUCATIONAL CORPORATION THAT PROVIDES FOR THE LIFETIME NEEDS OF INDIVIDUALS CHALLANGED WITH DEVELOPMENTAL DISABILITIES AND BLINDNESS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,678,890
Program Service Revenue $729,545
Investment Income $35,861
Other Revenue $602,239
TOTAL REVENUE $17,046,535

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,491,523
Fundraising Expenses $0
Program Expenses $15,254,828
Other Expenses $5,648,733
TOTAL EXPENSES $17,140,256

Year-over-Year Comparison

2023 2022 Change
Revenue $17,046,535 $17,360,962 0.0%
Expenses $17,140,256 $13,979,071 +0.2%
Net Income $-93,721 $3,381,891 -1.0%
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

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Governance

Voting Members
9
Independent Members
9
Employees
316
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
5
$261,095
Total Directors
10
$261,095
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONNIE SCHLACHTE EXECUTIVE DIRECTOR 20.00
Officer Director
$235,735 $25,360 $261,095
DAVID GRUNWALD PRESIDENT 0.50
Officer Director
$0 $0 $0
ZANE ALSABERY VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
HERBERT LAMPERT TREASURER 0.50
Officer Director
$0 $0 $0
APRIL MEADOW SECRETARY 0.50
Officer Director
$0 $0 $0
ADRIENNE CRANE-ROSS DIRECTOR 0.50
Director
$0 $0 $0
DENNIS FREDRICKSON DIRECTOR 0.50
Director
$0 $0 $0
NICK NAGATANI DIRECTOR 0.50
Director
$0 $0 $0
RONNIE WILLETT DIRECTOR 0.50
Director
$0 $0 $0
MAURICE T ZAGHA MD DIRECTOR 0.50
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 $17,046,535 $17,140,256 $16,587,285 $-93,721
2023 $17,360,962 $13,979,071 $14,547,246 $3,381,891
2022 $14,418,843 $11,660,363 $11,213,829 $2,758,480
2021 $12,335,730 $11,749,034 $9,807,613 $586,696
2020 $10,236,541 $12,763,179 $9,764,529 $-2,526,638
2019 $9,631,175 $10,668,973 $11,448,358 $-1,037,798
2018 $9,767,709 $10,523,349 $10,602,844 $-755,640
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