WILKES VOCATIONAL SERVICES INC (EIN 560895118) - Form 990 Financial Analysis & Trantor Score

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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

Legal Domicile

Principal Officer

GERALD LANKFORD

Phone

3368383812

Tax Period

2023-07-01 to 2024-06-30

WILKES VOCATIONAL SERVICES INC is a community nonprofit in the Employment sector that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE JOBS AND TRAINING TO INDIVIDUALS WHO, DUE TO PHYSICAL OR MENTAL HANDICAPS, HAVE BEEN UNABLE TO OBTAIN A REGULAR POSITION IN THE WORKFORCE OF THE COMMUNITY. BASIC SKILLS SUCH AS MATHEMATICS AND PERSONAL GROOMING ARE TAUGHT BY THE WORKSHOP IN ORDER TO PREPARE INDIVIDUALS FOR JOBS OUTSIDE OF THE WORKSHOP AND TO CREATE A GREATER KNOWLEDGE OF THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $62,462

Program Service Revenue $2,805,943

Investment Income $1,076

Other Revenue $38,209

TOTAL REVENUE $2,907,690

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,625,443

Fundraising Expenses $0

Program Expenses $2,442,393

Other Expenses $325,945

TOTAL EXPENSES $2,951,388

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,907,690	$2,577,930	+0.1%
Expenses	$2,951,388	$2,554,687	+0.2%
Net Income	$-43,698	$23,243	-2.9%

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

163

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

$144,714

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTI BERRY	EXEC. DIRECT	40.00	Officer	$75,885	$0	$75,885
DAVID MCGRADY	PRESIDENT	40.00	Officer	$68,829	$0	$68,829
MAVERICK DIMMETTE	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS GARRIS	VICE CHAIR	5.00	Officer Director	$0	$0	$0
DIANE HARPER	SECRETARY	5.00	Officer Director	$0	$0	$0
GERALD LANKFORD	BOARD CHAIRM	5.00	Officer Director	$0	$0	$0
SANDRA LOWE	BOARD MEMBER	2.00	Director	$0	$0	$0
JOE MCMILLIAN	BOARD MEMBER	2.00	Director	$0	$0	$0
LUTHER PARKS	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN PIERCE	BOARD MEMBER	2.00	Director	$0	$0	$0
DEBBIE WOODARD	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2024	$2,907,690	$2,951,388	$2,245,099	$-43,698
2023	$2,577,930	$2,554,687	$2,184,755	$23,243
2022	$1,962,826	$2,039,616	$2,098,184	$-76,790
2021	$2,504,127	$2,396,590	$2,270,542	$107,537
2020	$2,797,119	$2,578,380	$2,055,415	$218,739
2019	$2,255,232	$2,197,449	$1,817,721	$57,783

WILKES VOCATIONAL SERVICES INC