VOCATIONAL SOLUTIONS OF HENDERSON COUNTY INC

EIN: 560897854 501(c)(3)

FLAT ROCK, NC

Total Revenue
$941,982
Total Expenses
$2,175,734
Total Assets
N/A
Net Assets
N/A
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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
1967
Legal Domicile
NC
Principal Officer
WILLIAM RODRIGUEZ
Phone
8586941622
Tax Period
2024-07-01 to 2025-06-30

VOCATIONAL SOLUTIONS OF HENDERSON COUNTY INC, founded in 1967, is a small nonprofit that reported $942K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 131% operating deficit.

Mission

DEVELOPMENTAL AND REHABILITATION SERVICES FOR DISABLED INDIVIDUALS

Program Service Accomplishments

Program 1
Expenses: $1,222,254 Revenue: $263,134

DEVELOPMENTAL AND REHABILITATION SERVICES ENCOMPASSES ADULT DEVELOPMENT PROGRAMS AND VOCATIONAL REHABILITATION, EDUCATION TRAINING AND TESTING PROGRAMS FOR THE DISABLED.

Program 2
Expenses: $228,178 Revenue: $155,623

PRODUCTION ENCOMPASSES WORK AND TRAINING OPPORTUNITIES FOR DISABLED CLIENTS SERVED IN THE COMMUNITY. THE ORGANIZATION OPERATES A PRODUCTION FACILITY OFFERING CONTRACT SERVICES FOR LOCAL INDUSTRY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $130,255
Program Service Revenue $418,757
Investment Income $391,133
Other Revenue $1,837
TOTAL REVENUE $941,982

Expense Breakdown

Grants Paid $827,151
Salaries & Benefits $775,951
Fundraising Expenses $0
Program Expenses $1,450,432
Other Expenses $572,632
TOTAL EXPENSES $2,175,734

Year-over-Year Comparison

2024 2023 Change
Revenue $941,982 $1,589,868 -0.4%
Expenses $2,175,734 $1,729,355 +0.3%
Net Income $-1,233,752 $-139,487 +7.8%
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
8
Independent Members
8
Employees
36
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM RODRIGUEZ CHAIRPERSON 20.00
Officer Director
$0 $0 $0
NICK WEEDMAN VICE CHAIR 4.00
Officer Director
$0 $0 $0
DEBI GOULD SECRETARY 4.00
Officer Director
$0 $0 $0
JIM BOYD TREASURER 4.00
Officer Director
$0 $0 $0
KYLE BARTLEY BOARD MEMBER 2.00
Director
$0 $0 $0
ELIZABETH BEARD BOARD MEMBER 2.00
Director
$0 $0 $0
AMY JONES BOARD MEMBER 2.00
Director
$0 $0 $0
JUSTICE MULLEN 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 $941,982 $2,175,734 No data $-1,233,752
2024 $1,589,868 $1,729,355 $1,394,427 $-139,487
2023 $1,421,761 $1,541,750 $1,534,242 $-119,989
2022 $1,560,632 $1,587,770 $1,801,033 $-27,138
2021 $1,658,816 $1,437,560 $1,770,932 $221,256
2020 $1,607,661 $1,469,831 $1,743,172 $137,830
2019 $1,504,103 $1,286,084 $1,516,213 $218,019
2018 $1,480,380 $1,271,393 $1,338,985 $208,987
2018 $1,480,380 $1,271,393 $1,338,985 $208,987
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