HAYWOOD VOCATIONAL OPPORTUNITIES I… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

SUSAN TRAHAN

Phone

8284564455

Tax Period

2024-07-01 to 2025-06-30

HAYWOOD VOCATIONAL OPPORTUNITIES INC, founded in 1989, is a mid-sized nonprofit in the Employment sector that reported $10.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $11.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

HVO IS A SOCIAL ENTERPRISE PROVIDING EMPLOYMENT IN MANUFACTURING AND SERVICES. WE EMPOWER ALL INDIVIDUALS WITH DISABILITIES THROUGH VOCATIONAL TRAINING AND COMMUNITY ENGAGEMENT, SUPPORTING THEIR JOURNEY TOWARD INDEPENDENCE AND SUCCESS.

Program Service Accomplishments

Program 1

Expenses: $7,730,877 Revenue: $8,735,426

HVO CREATES PATHWAYS TO INDEPENDENCE FOR INDIVIDUALS WITH DISABILITIES BY OFFERING VOCATIONAL TRAINING, COMPETITIVE EMPLOYMENT, AND SUPPORTIVE COMMUNITY INTEGRATION OPPORTUNITIES.

Program 2

Expenses: $1,149,588 Revenue: $983,612

HVO OPERATES AN EMPLOYMENT AND TRAINING PROGRAMS THAT PREPARE INDIVIDUALS WITH DISABILITIES FOR SUCCESS IN THE WORKFORCE. THROUGH ON-THE-JOB TRAINING, COACHING, AND SKILSS DEVELOPMENT, PARTICIPANTS GAIN CONFIDENCE, EARN INCOME, AND ACHIEVE GREATER SELF-SUFFICIENCY. IN THE MOST RECENT YEAR, HVO PROVIDED VOCATIONAL SERVICES TO 172 INDIVIDUALS, HELPING 22 SECURE AND MAINTAIN EMPLOYMENT IN THE COMMUNITY. IN ADDITION TO VOCATIONAL TRAINING, HVO PARTNERS WITH LOCAL BUSINESSES AND COMMUNITY ORGANIZATIONS TO CREATE INCLUSIVE EMPLOYMENT OPPORTUNITIES. THESE PARTNERSHIPS NOT ONLY EXPAND JOB PLACEMENTS FOR INDIVIDUALS WITH DISABILITIES BUT ALSO STRENGTHEN THE LOCAL ECONOMY. HVO STAFF PROVIDE ONGOING SUPPORT TO EMPLOYERS AND EMPLOYEES, ENSURING LONG-TERM JOB SUCCESS AND WORKPLACE INTEGRATION.

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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 $169,679

Program Service Revenue $983,612

Investment Income $107,337

Other Revenue $8,754,976

TOTAL REVENUE $10,015,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,284,575

Fundraising Expenses $0

Program Expenses $8,880,465

Other Expenses $2,907,720

TOTAL EXPENSES $11,192,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,015,604	$10,614,496	-0.1%
Expenses	$11,192,295	$13,427,034	-0.2%
Net Income	$-1,176,691	$-2,812,538	-0.6%

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

267

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

$338,393

Total Directors

$246,968

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN TRAHAN	CHAIR	1.00	Officer Director	$0	$0	$0
DOUG BURCHFIELD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
REBECCA STAMEY	SECRETARY	40.00	Officer Director	$47,478	$9,225	$56,703
PETER BRIGGS	DIRECTOR	1.00	Director	$0	$0	$0
WENDOLYN FORBES	DIRECTOR	1.00	Director	$0	$0	$0
CYRENA GOODWIN	DIRECTOR	1.00	Director	$0	$0	$0
ROBBIE ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA SCHANDEVEL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HOLLAND	DIRECTOR THR	1.00	Director	$0	$0	$0
AUDREY GADDIS	PRESIDENT TH	40.00	Officer Director	$125,627	$12,570	$138,197
SCOTT STEVENS	TREASURER TH	40.00	Officer	$82,651	$8,774	$91,425
DAVID ANGEL	PRESIDENT	40.00	Officer Director	$52,068	$0	$52,068
TIFFANY SINGLETON	TREASURER/CO	40.00	Officer	$0	$0	$0
MELVIN MAYBERRY	PLANT MANAGE	40.00	Highest	$145,263	$13,110	$158,373

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	$10,015,604	$11,192,295	$14,425,955	$-1,176,691
2024	$10,614,496	$13,427,034	$16,331,046	$-2,812,538
2023	$12,566,485	$11,352,672	$19,303,738	$1,213,813
2022	$20,245,549	$22,281,345	$19,964,107	$-2,035,796
2021	$24,653,633	$22,269,411	$21,163,738	$2,384,222
2020	$27,595,741	$30,522,118	$20,326,247	$-2,926,377
2019	$31,321,492	$33,171,262	$23,912,645	$-1,849,770

HAYWOOD VOCATIONAL OPPORTUNITIES INC