Winston Salem Industries for the Blind Inc (EIN 566001467) - 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

Formation Year

1936

Legal Domicile

Phone

3367590551

Tax Period

2023-10-01 to 2024-09-30

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.

Mission

TO TRAIN, EMPLOY and serve VISUALLY-IMPAIRED INDIVIDUALS.

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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 $2,036,806

Program Service Revenue $0

Investment Income $82,002

Other Revenue $22,298,798

TOTAL REVENUE $24,417,606

Expense Breakdown

Grants Paid $17,880

Salaries & Benefits $11,985,821

Fundraising Expenses $442,946

Program Expenses $14,617,762

Other Expenses $11,974,601

TOTAL EXPENSES $23,978,302

Year-over-Year Comparison

	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%

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

717

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

$1,671,295

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

Winston Salem Industries for the Blind Inc