VOCATIONAL OPPORTUNITIES OF CHEROKEE INC

EIN: 561059214 501(c)(3) Employment

CHEROKEE, NC

Total Revenue
$1,126,212
Total Expenses
$1,249,527
Total Assets
$859,394
Net Assets
$621,671
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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
1973
Legal Domicile
NC
Principal Officer
LATONNA PLUMMER
Phone
8284979827
Tax Period
2023-10-01 to 2024-09-30

VOCATIONAL OPPORTUNITIES OF CHEROKEE INC, founded in 1973, is a community nonprofit in the Employment sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO SERVE AS A COMMUNITY BASED REHABILITATION AND HABILITATION TRAINING PROGRAM FOR PERSONS WITH DISABILITIES.

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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 $752,248
Program Service Revenue $367,609
Investment Income $1,872
Other Revenue $4,483
TOTAL REVENUE $1,126,212

Expense Breakdown

Grants Paid $0
Salaries & Benefits $942,296
Fundraising Expenses $0
Program Expenses $761,844
Other Expenses $307,231
TOTAL EXPENSES $1,249,527

Year-over-Year Comparison

2023 2022 Change
Revenue $1,126,212 $1,144,793 0.0%
Expenses $1,249,527 $1,369,785 -0.1%
Net Income $-123,315 $-224,992 -0.5%
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
62
Volunteers
10

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
$154,930
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMLYN LAMBERT CHAIR 1.00
Officer Director
$0 $0 $0
SHELLI BUCKNER VICE CHAIR 1.00
Officer Director
$0 $0 $0
ALAN ENSLEY BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE PARKER BOARD MEMBER 1.00
Director
$0 $0 $0
DINAH HARRY BOARD MEMBER 1.00
Director
$0 $0 $0
DOLORES MANEY BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERTA TOINEETA BOARD MEMBER 1.00
Director
$0 $0 $0
MERRITT YOUNGDEER BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD FRENCH BRD MBER THR 1.00
Director
$0 $0 $0
LATONNA PLUMMER EXECUTIVE DI 40.00
Officer
$137,380 $17,550 $154,930
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
2024 $1,126,212 $1,249,527 $859,394 $-123,315
2023 $1,144,793 $1,369,785 $954,283 $-224,992
2022 $1,052,271 $1,166,631 $1,120,700 $-114,360
2021 $1,032,394 $1,137,635 $1,265,592 $-105,241
2020 $1,082,588 $1,097,454 $1,261,414 $-14,866
2019 $1,408,018 $1,405,713 $1,286,754 $2,305
2018 $1,653,437 $1,422,168 $1,226,424 $231,269
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