WinstonSalem, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Winston Salem Industries for the Blind Inc, founded in 1936, is a mid-sized nonprofit in the Employment sector that reported $24.4M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum.
to provide opportunities for persons who are blind or visually-impaired and are in need of training, employment and services.
OPERATION OF A QUALIFIED ABILITYONE AGENCY: IN FISCAL YEAR 2024, IFB Solutions provided essential training, employment and services for PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED THROUGH LARGE-SCALE...
OPERATION OF A QUALIFIED ABILITYONE AGENCY: IN FISCAL YEAR 2024, IFB Solutions provided essential training, employment and services for PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED THROUGH LARGE-SCALE MANUFACTURING OPERATIONS, BASE SUPPLY CENTER RETAIL AND ONLINE STORES, REMOTE WORK OPPORTUNITIES THROUGH WORKFORCE SERVICES AND COMMUNITY OUTREACH. WITH A FOCUS ON CREATING FULFILLING CAREER PATHS, IFB SOLUTIONS BUILDS LIFE-CHANGING OPPORTUNITIES FOR A CRITICALLY UNDEREMPLOYED POPULATION. FOR THOSE NEW TO THE WORKFORCE, IFB'S PACKAGING AND ASSEMBLY OPERATIONS OFFER OPPORTUNITIES OF INFORMED CHOICE AS CRITICAL ENTRY POINTS TO EMPLOYMENT WHILE ALSO CREATING A GROWING NUMBER OF COMPETITIVE AND INTEGRATED SKILL-BASED TECHNICAL POSITIONS SUPPORTED BY EXTENSIVE IN-PERSON TRAINING. ADDITIONALLY, IFB workforce services division offers work-from-home opportunities for those who cannot relocate or access transportation. ifb also provides support to those who are blind or visually impaired on a statewide level through its community low vision centers, community outreach and through programming for children who are blind. During fiscal year 2024, this work resulted in the employment of 374 individuals who are blind or visually impaired, generating 454,348 hours worked by people who are blind.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $24,417,606 | $16,741,384 | +0.5% |
| Expenses | $23,978,302 | $25,007,642 | 0.0% |
| Net Income | $439,304 | $-8,266,258 | -1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HEATHER ROBINSON | Chair, Director | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| MARK DOUGHTON | Treasurer, Director | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Michael Rhoades | SecRETARY, DIRECTOR | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Tom Serrin | Vice Chair, Director | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW PRUETTE | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| ANN Johnston | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Cathy Critz | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| DAVE PLYLER | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| ERIK COBHAM | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| JAMES TAYLOR Jr | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| JOHN GOOGE | DIRECTOR Emeritus | 1.0 |
Director
|
$0 | $0 | $0 |
| Jose Rizo-patron | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| KAREN CAREY | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| MIKE FAIRCLOTH | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Russ Stinehour | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Samuel Richardson | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| DANIEL KELLY | PreSIDENT / CEO | 40.0 |
Officer
|
$446,533 | $69,217 | $515,750 |
| JASON MOSER | Chief FINANCIAL OFFICER | 40.0 |
Officer
|
$202,407 | $14,112 | $216,519 |
| KENNETH EDWARDS | Chief Supply Chain Officer | 40.0 |
Officer
|
$276,856 | $29,282 | $306,138 |
| RANDY BUCKNER | VP OF MANUFACTURING OPERATIONS | 40.0 |
Officer
|
$173,231 | $21,879 | $195,110 |
| Seth Anderson | Sr Director of Marketing & Development | 40.0 |
Officer
|
$153,218 | $14,308 | $167,526 |
| VASHUDA RANGAPATHY | VP OF IT & E-COMMERCE | 40.0 |
Officer
|
$229,910 | $40,342 | $270,252 |
| DANIEL CARSON | DIRECTOR OF GOVERNMENT MARKETS | 40.0 |
Highest
|
$158,978 | $1,590 | $160,568 |
| David Newsome | Director of BSC Operations | 40.0 |
Highest
|
$127,061 | $7,587 | $134,648 |
| George Doughton III | Director of Major Gifts | 40.0 |
Highest
|
$135,104 | $23,636 | $158,740 |
| Natalya McCandless | Director of Accounting | 40.0 |
Highest
|
$161,701 | $4,501 | $166,202 |
| Pedro Rojas | Director of Manufacturing - Winston Salem | 40.0 |
Highest
|
$128,252 | $14,025 | $142,277 |
| David Hampton | Former VP of Human Resources | 1.0 |
|
$131,408 | $345 | $131,753 |
| David Horton | Former Chief Executive Officer | 1.0 |
|
$134,561 | $10,114 | $144,675 |
| SILAS MARTIN | Former CHIEF OPERATING OFFICER | 40.0 |
|
$333,875 | $18,013 | $351,888 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $24,417,606 | $23,978,302 | $49,755,728 | $439,304 |
| 2023 | $16,741,384 | $25,007,642 | $54,582,854 | $-8,266,258 |
| 2022 | $11,155,465 | $31,504,747 | $69,196,384 | $-20,349,282 |
| 2021 | $36,296,744 | $35,102,173 | $96,621,151 | $1,194,571 |
| 2020 | $39,008,771 | $38,646,939 | $93,066,624 | $361,832 |
| 2019 | $53,778,942 | $50,548,643 | $76,656,518 | $3,230,299 |
| 2018 | $42,253,679 | $51,892,079 | $59,105,273 | $-9,638,400 |
Compare Winston Salem Industries for the Blind Inc with other nonprofits in North Carolina and across the country.