CENTER FOR THE VISUALLY IMPAIRED INC (EIN 581168874) - 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

1972

Legal Domicile

Principal Officer

MELISA KENNEDY

Phone

4046024286

Tax Period

2024-07-01 to 2025-06-30

CENTER FOR THE VISUALLY IMPAIRED INC, founded in 1972, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

THE CENTER FOR THE VISUALLY IMPAIRED (CVI) PROVIDES VISION REHABILITATION SERVICES TO INDIVIDUALS OF ALL AGES AND ALL DEGREES OF VISION LOSS WHO RESIDE, WORK OR ATTEND SCHOOL IN THE 13-COUNTY METRO ATLANTA AREA. SERVING NEARLY 1,000 CLIENTS AND THEIR FAMILIES ANNUALLY, CVI'S HIGHLY QUALIFIED STAFF OF CERTIFIED VISION REHABILITATION THERAPISTS, VISION TEACHERS, LOW VISION THERAPISTS, SOCIAL WORKERS, VOCATIONAL SPECIALISTS, OCCUPATIONAL THERAPISTS, AND ORIENTATION AND MOBILITY SPECIALISTS WORK TOGETHER TO ENSURE THAT EACH PERSON ACQUIRE SKILLS AND INFORMATION NEEDED TO SUCCEED AT SCHOOL AND WORK, BE ACTIVE MEMBERS OF THEIR COMMUNITIES, AND LIVE SAFELY AND INDEPENDENTLY. A STAFF OF 21 AND MORE THAN 200 VOLUNTEERS WORK TOGETHER TO ACHIEVE THE ORGANIZATION'S MISSION THROUGH THE BEGIN, FLORENCE MAXWELL LOW VISION CLINIC AND COMMUNITY BASED SERVICES PROGRAMS.

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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 $2,180,818

Program Service Revenue $263,939

Investment Income $41

Other Revenue $22,126

TOTAL REVENUE $2,466,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,677,777

Fundraising Expenses $297,366

Program Expenses $1,700,658

Other Expenses $1,009,862

TOTAL EXPENSES $2,687,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,466,924	$2,889,270	-0.1%
Expenses	$2,687,639	$3,020,152	-0.1%
Net Income	$-220,715	$-130,882	+0.7%

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

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

$360,479

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SCOTT MATHEWS III	CHAIR (UNTIL 6/2024)	2.00	Director	$0	$0	$0
BOB PENNINGTON	CHAIR	2.00	Director	$0	$0	$0
MONTAGUE L COSMO BOYD IV	VICE CHAIR & TREASURER	1.00	Director	$0	$0	$0
AMINA GREATHOUSE	TRUSTEE	1.00	Director	$0	$0	$0
BRADLEY HENDERSON	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN R HUBAND	TRUSTEE	1.00	Director	$0	$0	$0
BRIDGETT SUTTLE	SECRETARY	1.00	Director	$0	$0	$0
CYNTHIA MOKOTOFF	TRUSTEE	1.00	Director	$0	$0	$0
DAVID B PRICE	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH WILLS QUINN	TRUSTEE	1.00	Director	$0	$0	$0
EMMA H BARRY	TRUSTEE	1.00	Director	$0	$0	$0
G BAKER HUBBARD	TRUSTEE	1.00	Director	$0	$0	$0
JODI D TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
JOHN W THOMAS MD	TRUSTEE	1.00	Director	$0	$0	$0
KATHERIN BAILEY LYNCH	TRUSTEE	1.00	Director	$0	$0	$0
MARY ANN COOK	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL COHN	TRUSTEE	1.00	Director	$0	$0	$0
NINA MEYERS JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS L PENNELLA	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM J PERGOLINI	TRUSTEE	1.00	Director	$0	$0	$0
MELISA KENNEDY	PRESIDENT & CHIEF EXECUTIVE OFFICER	20.00	Officer	$212,000	$33,297	$245,297
BARBARA WILLIAMS UNTIL 072025	FINANCE DIRECTOR	20.00	Officer	$111,395	$3,787	$115,182
WINDY CRUZ UNTIL 082025	PROGRAM DIRECTOR	40.00	Highest	$109,868	$652	$110,520

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	$2,466,924	$2,687,639	$4,780,542	$-220,715
2024	$2,889,270	$3,020,152	$4,982,050	$-130,882
2023	$2,552,324	$2,821,123	$5,062,298	$-268,799
2022	$2,295,862	$2,640,453	$5,315,129	$-344,591
2021	$2,874,308	$2,508,050	$5,636,216	$366,258
2020	$2,634,565	$3,286,107	$5,667,304	$-651,542
2019	$3,316,720	$3,025,521	$6,035,102	$291,199
2018	$2,252,505	$3,417,866	$6,274,144	$-1,165,361

CENTER FOR THE VISUALLY IMPAIRED INC