VISION RESOURCE CENTER

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1939

Legal Domicile

Principal Officer

TERRI S THOMAS

Phone

9104832719

Tax Period

2023-07-01 to 2024-06-30

VISION RESOURCE CENTER, founded in 1939, is a small nonprofit in the Diseases & Disorders sector that reported $230K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $253K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROVIDE SERVICES FOR THE BLIND AND VISUALLY IMPAIRED

Program Service Accomplishments

Program 1

Expenses: $116,471 Revenue: $0

HEALTH AND WELLNESS - HEALTH AND WELLNESS ENCOMPASSES ALL THINGS INDEPENDENT LIVING SKILLS, TRAINING, SOCIALIZATION SKILLS, AND WELLNESS AND FOSTERS THE MENTAL AND PHYSICAL WELLNESS OF OUR BLIND...

HEALTH AND WELLNESS - HEALTH AND WELLNESS ENCOMPASSES ALL THINGS INDEPENDENT LIVING SKILLS, TRAINING, SOCIALIZATION SKILLS, AND WELLNESS AND FOSTERS THE MENTAL AND PHYSICAL WELLNESS OF OUR BLIND CONSUMERS. WE USED $31,167.14 IN GRANTS TOWARDS THIS PROJECT IN 2023.

Program 2

Expenses: $48,160 Revenue: $0

VRC TECH AND MOBILITY - THE CITY OF FAYETTEVILLE AWARDED THIS GRANT TO SUPPORT THE PURCHASE OF WEWALK CANES (SMART CANE) DEVICES FOR OUR BLIND CONSUMERS TO NAVIGATE THE CITY OF FAYETTEVILLE...

VRC TECH AND MOBILITY - THE CITY OF FAYETTEVILLE AWARDED THIS GRANT TO SUPPORT THE PURCHASE OF WEWALK CANES (SMART CANE) DEVICES FOR OUR BLIND CONSUMERS TO NAVIGATE THE CITY OF FAYETTEVILLE INDEPENDENTLY WITH THIS NEW TECHNOLOGY. WE USED $8,580. TOWARDS THIS PROJECT IN 2023.

Program 3

Expenses: $33,867 Revenue: $0

VR RADIO READING - THE VRC-VLY READING SERVICE UTILIZES VOLUNTEERS TO READ LOCAL NEWSPAPERS AND MAGAZINES IN CUMBERLAND AND SURROUNDING COUNTIES FOR THE BLIND AND PRINT-IMPAIRED OVER OUR 24 HOUR...

VR RADIO READING - THE VRC-VLY READING SERVICE UTILIZES VOLUNTEERS TO READ LOCAL NEWSPAPERS AND MAGAZINES IN CUMBERLAND AND SURROUNDING COUNTIES FOR THE BLIND AND PRINT-IMPAIRED OVER OUR 24 HOUR STREAMING RADIO SERVICE THAT CAN BE LISTENED TO VIA PHONE, ALEXA OR WEBSITE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $228,980

Program Service Revenue $0

Investment Income $816

Other Revenue $0

TOTAL REVENUE $229,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,109

Fundraising Expenses $6,741

Program Expenses $221,692

Other Expenses $143,740

TOTAL EXPENSES $252,849

Year-over-Year Comparison

	2023	2022	Change
Revenue	$229,796	$179,857	+0.3%
Expenses	$252,849	$204,729	+0.2%
Net Income	$-23,053	$-24,872	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

261

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

$62,962

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI S THOMAS	EXECUTIVE DIRECTOR	10	Officer	$62,962	$0	$62,962
STEVE GOODSON	CHAIR	1	Officer Director	$0	$0	$0
FRED BAKER	VICE CHAIR	2	Officer Director	$0	$0	$0
MARK WILDERMAN	TREASURER	1	Officer Director	$0	$0	$0
JANET WILLIAMS	SECRETARY	1	Officer Director	$0	$0	$0
RESHMA PATEL BEAL	BOARD MEMBER	1	Director	$0	$0	$0
CARA SPENCER	BOARD MEMBER	1	Director	$0	$0	$0
CHANDAN SHANKAR	BOARD MEMBER	1	Director	$0	$0	$0
TONI CUNNINGHAM- DIXON	BOARD MEMBER	1	Director	$0	$0	$0
SHONA PHILLIPS	BOARD MEMBER	4	Director	$0	$0	$0
GARY BROOKINS	BOARD MEMBER	1	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	$229,796	$252,849	$44,990	$-23,053
2022	$279,354	$255,655	$141,921	$23,699
2021	$274,363	$291,664	$115,457	$-17,301
2020	$217,739	$250,365	$130,863	$-32,626
2019	$301,104	$180,543	$163,102	$120,561
2018	$184,137	$179,199	$38,788	$4,938