ROWAN VOCATIONAL OPPORTUNITIES INC

EIN: 560890711 501(c)(3) Employment

SALISBURY, NC

Total Revenue
$5,121,372
Total Expenses
$4,344,567
Total Assets
$10,357,692
Net Assets
$8,782,514
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
NC
Tax Period
2023-07-01 to 2024-06-30

ROWAN VOCATIONAL OPPORTUNITIES INC, founded in 1966, is a community nonprofit in the Employment sector that reported $5.1M in total revenue in fiscal year 2023. The organization ran a surplus of $777K, a strong 15% operating margin.

Mission

ORGANIZED TO PROVIDE VOCATIONAL ASSESSMENT, WORK ADJUSTMENT TRAINING AND DAY ACTIVITY TO PHYSICALLY, MENTALLY, OR EMOTIONALLY HANDICAPPED ADULTS; TO DEVELOP WORK SKILLS LEADING TO EMPLOYMENT AND/OR DAILY LIVING SKILLS TO INCREASE INDEPENDENT FUNCTIONING.

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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 $101,188
Program Service Revenue $2,797,289
Investment Income $117,451
Other Revenue $2,105,444
TOTAL REVENUE $5,121,372

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,831,009
Fundraising Expenses $0
Program Expenses $3,822,069
Other Expenses $1,513,558
TOTAL EXPENSES $4,344,567

Year-over-Year Comparison

2023 2022 Change
Revenue $5,121,372 $4,869,529 +0.1%
Expenses $4,344,567 $3,976,024 +0.1%
Net Income $776,805 $893,505 -0.1%
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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Governance

Voting Members
12
Independent Members
12
Employees
225
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
3
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIA MILLER DIRECTOR 1.00
Director
$0 $0 $0
ED LANEAR DIRECTOR 1.00
Director
$0 $0 $0
ERIK LIPSCOMB DIRECTOR 1.00
Director
$0 $0 $0
BETH LONEY DIRECTOR 2.00
Director
$0 $0 $0
JEFF WETMORE DIRECTOR 2.00
Director
$0 $0 $0
TRACIE SELLS DIRECTOR 2.00
Director
$0 $0 $0
CHRISSY OVERMAN DIRECTOR 2.00
Director
$0 $0 $0
SIDNEY HONEYCUTT TREASURER 1.00
Director
$0 $0 $0
MANDY THACKER DIRECTOR 1.00
Director
$0 $0 $0
TERRY JONES DIRECTOR 1.00
Director
$0 $0 $0
GINA PINYAN DIRECTOR 1.00
Director
$0 $0 $0
ANN HATCHETT DIRECTOR 2.00
Director
$0 $0 $0
NANCY COLLINS SECRETARY 1.00
Officer Director
$0 $0 $0
JILL SMITH VP 2.00
Officer Director
$0 $0 $0
BRIAN RUCKER DIRECTOR 1.00
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
2025 No data No data No data No data
2024 $5,121,372 $4,344,567 $10,357,692 $776,805
2023 $4,869,529 $3,976,024 $8,518,843 $893,505
2022 $2,690,118 $3,744,770 $7,306,571 $-1,054,652
2021 $4,699,552 $3,753,546 $8,356,624 $946,006
2020 $3,703,216 $3,807,942 $7,426,355 $-104,726
2019 $3,808,337 $3,693,489 $7,477,728 $114,848
2018 $3,409,820 $3,507,183 $7,334,024 $-97,363
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