INDEPENDENCE FOR THE BLIND OF WEST FLORIDA INC (EIN 593297510) - 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

1993

Legal Domicile

Principal Officer

RAVEN HOLLOWAY

Phone

8504772663

Tax Period

2024-10-01 to 2025-09-30

INDEPENDENCE FOR THE BLIND OF WEST FLORIDA INC, founded in 1993, is a small nonprofit in the Employment sector that reported $737K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO TEACH INDEPENDENT LIVING SKILLS, COMPUTER AND ADAPTIVE TECHNOLOGY, AND TO PROVIDE VOCATIONAL TRAINING, AND EMPLOYMENT-RELATED SERVICES TO PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED SO THEY CAN ACHIEVE MAXIMUM INDEPENDENCE.

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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 $134,100

Program Service Revenue $499,067

Investment Income $60,330

Other Revenue $43,466

TOTAL REVENUE $736,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $362,261

Fundraising Expenses $16,146

Program Expenses $666,851

Other Expenses $371,488

TOTAL EXPENSES $733,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$736,963	$641,743	+0.1%
Expenses	$733,749	$653,654	+0.1%
Net Income	$3,214	$-11,911	-1.3%

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

$74,880

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDERICK LONGMIRE	PRESIDENT	10.00	Officer Director	$0	$0	$0
BARBARA MACNEIL	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
GLENN BARBEE	TREASURER	5.00	Officer Director	$0	$0	$0
TERRANCE WITT	SECRETARY	5.00	Officer Director	$0	$0	$0
CLAY WHITTAKER	EX OFFICIO	1.00	Director	$0	$0	$0
MIKE ARBOUET	DIRECTOR	1.00	Director	$0	$0	$0
STACY KELLER-WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA PENNIMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SADLER	DIRECTOR	1.00	Director	$0	$0	$0
RAVEN HOLLOWAY	EXECUTIVE DI	40.00	Officer	$74,880	$0	$74,880

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	$736,963	$733,749	$1,596,512	$3,214
2024	$641,743	$653,654	$1,844,850	$-11,911
2023	$618,831	$536,246	$1,783,680	$82,585
2022	$616,656	$580,591	$1,702,143	$36,065
2021	$778,694	$590,905	$1,769,825	$187,789
2020	$763,419	$718,483	$1,558,255	$44,936
2019	$754,869	$820,617	$1,606,987	$-65,748
2018	$798,714	$842,527	$1,701,985	$-43,813

INDEPENDENCE FOR THE BLIND OF WEST FLORIDA INC