INDUSTRIES OF THE BLIND INC

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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

1933

Legal Domicile

Principal Officer

JOSHUA GOULD

Phone

3365443704

Tax Period

2024-10-01 to 2025-09-30

INDUSTRIES OF THE BLIND INC, founded in 1933, is a community nonprofit in the Employment sector that reported $3.3M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $4.6M exceeded revenue, resulting in a 42% operating deficit.

Mission

TO PROVIDE OPPORTUNITIES FOR EMPLOYMENT AND PERSONAL DEVELOPMENT FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED TO ACHIEVE GREATER INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $3,871,219

TO PROVIDE OPPORTUNITIES FOR EMPLOYMENT AND PERSONAL DEVELOPMENT FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED TO ACHIEVE GREATERINDEPENDENCE. INDUSTRIES OF THE BLIND, INC. OPERATES A MANUFACTURING, ASSEMBLY, AND DISTRIBUTION SERVICE BUSINESS THAT EMPLOYS BLIND ANDSIGHTED PEOPLE IN ORDER TO PROVIDE THEM THESE OPPORTUNITIES FOR EMPLOYMENT AND PERSONAL DEVELOPMENT. THE MANUFACTURING CONSISTS OF TEXTILE CUTTING AND SEWING FOR PRODUCTION OF MILITARY UNIFORMS, CLOTHING, AND COMMERCIAL GOODS. THE BLIND AND SIGHTED EMPLOYEES OF INDUSTRIES OF THE BLIND, INC. ALSO MANUFACTURE AND ASSEMBLE A VARIETY OF OFFICE SUPPLY AND SANITATION PRODUCTS INCLUDING WRITING INSTRUMENTS, CLIPBOARDS, MOPS, BROOMS, AND A VARIETY OF OTHER ITEMS. THE PROCESS TEACHES SEWING SKILLS, WORKING WITH FABRICS, AND MECHANIZED PROCEDURES TO THE BLIND AND SIGHTED EMPLOYEES. AS OF SEPTEMBER 30, 2025, INDUSTRIES OF THE BLIND EMPLOYS 136 BLIND AND 111 SIGHTED PEOPLE. REVENUE SHOWN ABOVE IS NET OF COST OF GOODS SOLD EXPENSES ON THE FORM 990, PART VIII, LINE 10B.

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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 $785,549

Program Service Revenue $0

Investment Income $183,483

Other Revenue $2,311,684

TOTAL REVENUE $3,280,716

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,326,803

Fundraising Expenses $34,915

Program Expenses $3,871,219

Other Expenses $2,319,902

TOTAL EXPENSES $4,646,705

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,280,716	$4,135,035	-0.2%
Expenses	$4,646,705	$3,937,418	+0.2%
Net Income	$-1,365,989	$197,617	-7.9%

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

329

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

$542,133

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA GOULD	President & CEO	48.00	Officer	$308,885	$52,036	$360,921
VICTOR MARTIN	Dir of Fin & IT	48.00	Officer	$162,719	$18,493	$181,212
SUSAN WILLIAMS	DIRECTOR OF HUMAN RESOURCES	48.00		$133,575	$28,999	$162,574
JOHN RICHTARIK	DIR. MFG, ENGINEERING & QUALITY	48.00		$135,030	$6,310	$141,340
BRAD HUFFSTETLER	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
IRISH THURSTON	1ST VICE CHAIR	2.00	Officer Director	$0	$0	$0
JIM STORMENT	2ND VICE CHAIR	2.00	Officer Director	$0	$0	$0
BRIAN GRAHAM	Treasurer	1.00	Officer Director	$0	$0	$0
DR DANIELLE HARRISON	SECRETARY	1.00	Officer Director	$0	$0	$0
CARLA BANKS	DIRECTOR	1.00	Director	$0	$0	$0
WES BREWER	Director	1.00	Director	$0	$0	$0
JAMIE DEAN	Director	1.00	Director	$0	$0	$0
MARK GAYLORD	Director	1.00	Director	$0	$0	$0
RICK GILMORE	Director	1.00	Director	$0	$0	$0
STEPHEN ONEYEAR	Director	1.00	Director	$0	$0	$0
MAC SIMS	Director	1.00	Director	$0	$0	$0
LISA STRAMA	Director	1.00	Director	$0	$0	$0
ANNE TINKER	Director	1.00	Director	$0	$0	$0
JAYE WEBB	Director	1.00	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	$3,280,716	$4,646,705	$26,500,746	$-1,365,989
2024	$4,135,035	$3,937,418	$25,537,656	$197,617
2023	$5,279,964	$3,768,602	$17,305,809	$1,511,362
2022	$1,577,199	$2,937,425	$14,976,206	$-1,360,226
2021	$7,286,566	$3,238,752	$16,540,370	$4,047,814
2020	$3,732,876	$3,372,253	$14,175,822	$360,623
2019	$2,556,230	$3,036,900	$13,372,438	$-480,670
2018	$3,921,856	$3,582,850	$13,783,659	$339,006