VISUALLY IMPARIED PRESCHOOL SERVICES INC

EIN: 611061973 501(c)(3)

LOUISVILLE, KY

Total Revenue
$3,986,619
Total Expenses
$3,391,672
Total Assets
$7,490,593
Net Assets
$7,202,776
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
KY
Principal Officer
DIANE NELSON
Phone
5026363207
Tax Period
2024-07-01 to 2025-06-30

VISUALLY IMPARIED PRESCHOOL SERVICES INC, founded in 1985, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $3.4M left a modest 15% surplus.

Mission

VIPS EMPOWERS FAMILIES BY PROVIDING EDUCATIONAL EXCELLENCE TO YOUNG CHILDREN WITH BLINDNESS OR LOW VISION IN ORDER TO BUILD A STRONG FOUNDATION FOR REACHING THEIR HIGHEST POTENTIAL.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,128,950
Program Service Revenue $1,720,432
Investment Income $206,614
Other Revenue $-69,377
TOTAL REVENUE $3,986,619

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,547,235
Fundraising Expenses $221,732
Program Expenses $2,749,133
Other Expenses $844,437
TOTAL EXPENSES $3,391,672

Year-over-Year Comparison

2024 2023 Change
Revenue $3,986,619 $3,559,436 +0.1%
Expenses $3,391,672 $3,013,755 +0.1%
Net Income $594,947 $545,681 +0.1%
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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Governance

Voting Members
29
Independent Members
29
Employees
48
Volunteers
192

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
6
$168,988
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAYLOR GEHRING PRESIDENT 1.00
Officer Director
$0 $0 $0
MIKE JOHNSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
LOREN PRIZANT SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN ANDERS TREASURER 1.00
Officer Director
$0 $0 $0
NATHAN HOLLADAY IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
JENNIFER ARINGTON DIRECTOR 1.00
Director
$0 $0 $0
LESLIE BENDER DIRECTOR 1.00
Director
$0 $0 $0
AARON BENSON DIRECTOR 1.00
Director
$0 $0 $0
JERRY BIZER DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER BRATTON DIRECTOR 1.00
Director
$0 $0 $0
THERESA CONNOLLY DIRECTOR 1.00
Director
$0 $0 $0
STEVE DEELEY DIRECTOR 1.00
Director
$0 $0 $0
JENA FAHLBUSH DIRECTOR 1.00
Director
$0 $0 $0
DANI FOWLES DIRECTOR 1.00
Director
$0 $0 $0
ALEJANDRO ERICK FRANCO DIRECTOR 1.00
Director
$0 $0 $0
PAUL FRAZIER DIRECTOR 1.00
Director
$0 $0 $0
KEN GOULD DIRECTOR 1.00
Director
$0 $0 $0
SHARON GOULD DIRECTOR 1.00
Director
$0 $0 $0
DR ASHIMA GUPTA DIRECTOR 1.00
Director
$0 $0 $0
PARESH GUPTA DIRECTOR 1.00
Director
$0 $0 $0
BRANDI HITZELBERGER DIRECTOR 1.00
Director
$0 $0 $0
SHARI L HOUSE DIRECTOR 1.00
Director
$0 $0 $0
DONNA BROSTEK LEE DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER MERRICK DIRECTOR 1.00
Director
$0 $0 $0
MELISSA RICE DIRECTOR 1.00
Director
$0 $0 $0
ANDY STEINBACH DIRECTOR 1.00
Director
$0 $0 $0
MISSY VARGA DIRECTOR 1.00
Director
$0 $0 $0
SHARON BENSINGER FOUNDING DIRECTOR 1.00
Director
$0 $0 $0
GLEN STUCKEL HONOARY BOARD MEMBER 1.00
Director
$0 $0 $0
DIANE NELSON EXECUTIVE DIRECTOR 50.00
Officer
$149,640 $19,348 $168,988
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 $3,986,619 $3,391,672 $7,490,593 $594,947
2024 $3,559,436 $3,013,755 $6,868,397 $545,681
2023 $3,123,868 $2,778,353 $6,265,746 $345,515
2022 $3,899,275 $2,641,517 $5,757,490 $1,257,758
2021 $3,891,474 $2,310,027 $4,823,755 $1,581,447
2020 $2,761,418 $2,369,696 $3,248,634 $391,722
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