CENTER FOR THE VISUALLY IMPAIRED FOUNDATION INC (EIN 581844142) - 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

1989

Legal Domicile

Principal Officer

MELISA KENNEDY

Phone

4048759011

Tax Period

2024-07-01 to 2025-06-30

CENTER FOR THE VISUALLY IMPAIRED FOUNDATION INC, founded in 1989, is a community nonprofit in the Diseases & Disorders sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 8% surplus.

Mission

TO FINANCIALLY ASSIST THE CENTER FOR THE VISUALLY IMPAIRED, INC.

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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 $1,261,739

Program Service Revenue $0

Investment Income $225,038

Other Revenue $52,540

TOTAL REVENUE $1,539,317

Expense Breakdown

Grants Paid $1,419,727

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,419,786

Other Expenses $59

TOTAL EXPENSES $1,419,786

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,539,317	$1,161,799	+0.3%
Expenses	$1,419,786	$1,739,121	-0.2%
Net Income	$119,531	$-577,322	-1.2%

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

N/A

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
MARY ANN COOK	CHAIR	3.00	Director	$0	$0	$0
MONTAGUE L COSMO BOYD IV	TREASURER	1.00	Director	$0	$0	$0
SUSAN HOY	SECRETARY	1.00	Director	$0	$0	$0
RICHARD D BLUMBERG	TRUSTEE (UNTIL 6/2025)	1.00	Director	$0	$0	$0
ANDREW KAUSS	TRUSTEE	1.00	Director	$0	$0	$0
TERRI LAWSON	TRUSTEE	1.00	Director	$0	$0	$0
JAMES MATHEWS III	TRUSTEE	1.00	Director	$0	$0	$0
JOHN T RHETT III	TRUSTEE	1.00	Director	$0	$0	$0
ANNE SKAE	TRUSTEE	1.00	Director	$0	$0	$0
MELISA KENNEDY	PRESIDENT & CHIEF EXECUTIVE OFFICER	20.00	Officer	$0	$33,297	$245,297
BARBARA WILLIAMS	FINANCE DIRECTOR	20.00	Officer	$0	$3,787	$115,182

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	$1,539,317	$1,419,786	$3,258,786	$119,531
2024	$1,161,799	$1,739,121	$2,905,604	$-577,322
2023	$1,693,688	$1,720,483	$3,175,419	$-26,795
2022	$1,199,493	$1,587,093	$3,132,415	$-387,600
2021	$1,342,725	$1,465,600	$3,998,793	$-122,875
2020	$1,161,189	$1,735,661	$3,366,709	$-574,472
2019	$1,066,045	$2,740,019	$3,900,876	$-1,673,974
2018	$1,027,113	$890,538	$5,732,871	$136,575

CENTER FOR THE VISUALLY IMPAIRED FOUNDATION INC