CENTER OF VISION ENHANCEMENT

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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

2007

Legal Domicile

Principal Officer

MARGARET BUCHMANN-GARCIA

Phone

2097228118

Tax Period

2023-01-01 to 2023-12-31

CENTER OF VISION ENHANCEMENT, founded in 2007, is a small nonprofit in the Human Services sector that reported $338K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE CENTER OF VISION ENHANCEMENT PRIMARY MISSION IS TO PROVIDE SERVICES, SUPPORT, HEALTH RESOURCE ACCESS, TRAINING, REFERRALS, EDUCATION AND COMMUNITY OUTREACH FOR THE BENEFIT OF PERSONS WITH ANY LEVEL OF VISUAL IMPAIRMENT SO AS TO CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS AND THEREBY, INTER ALIA, AMELIORATE THE LACK OF ANY SUCH SUPPORTIVE SERVICES. TO MAKE DONATIONS TO AND DISPENSE CHARITABLE CONTRIBUTIONS THROUGH, AND OTHERWISE AID AND SUPPORT PERSONS WITH VISUAL IMPAIRMENT AND VISION IMPAIRMENT PROGRAMS, AND OTHER ORGANIZATIONS QUALIFIED FOR EXCEPTION.

Program Service Accomplishments

Program 1

Revenue: $-2,368

SUPPORT SERVICES FOR VISUALLY IMPAIRED AND BLIND INDIVIDUALS. APPROXIMATELY 600 INDIVIDUALS SERVED THROUGH OUR ACTIVITIES. DISTRIBUTED MONTHLY INFORMATIONAL MAILINGS. PARTICIPATED IN COMMUNITY...

SUPPORT SERVICES FOR VISUALLY IMPAIRED AND BLIND INDIVIDUALS. APPROXIMATELY 600 INDIVIDUALS SERVED THROUGH OUR ACTIVITIES. DISTRIBUTED MONTHLY INFORMATIONAL MAILINGS. PARTICIPATED IN COMMUNITY OUTREACH ACTIVITIES TO DISSEMINATE INFORMATION AND PROVIDE REFERRAL SERVICES. GAVE AND SOLD ASSISTANCE AIDS, DEVICES AND SUPPLIES TO VISUALLY IMPAIRED AND BLIND INDIVIDUALS. HOSTED THE ANNUAL COVE VISION FAIR WITH PRESENTERS, EXHIBITORS AND SERVICE AGENCIES FOR THE BLIND/VISUALLY IMPAIRED.

Program 2

Expenses: $289,423 Revenue: $297,647

VOCATIONAL REHABILITATION SERVICES: PROVIDE ASSESSMENTS AND TRAINING IN THE AREAS OF ASSISTIVE TECHNOLOGY, INDEPENDENT LIVING SKILLS, ORIENTATION & MOBILITY SKILLS, BRAILLE, AND EMPLOYMENT SERVICES WHICH INCLUDE ADULT WORK EXPERIENCE AND ON-THE-JOB TRAINING. SERVICES PROVIDED TO CONSUMERS OF THE DEPARTMENT OF REHABILITATION, BLIND FIELD SERVICES DIVISION.

Program 3

Expenses: $31,957 Revenue: $32,865

OLDER INDIVIDUALS WHO ARE BLIND PROGRAM: GRANT PROGRAM TO PROVIDE INFORMATION & REFERRAL SERVICES, SUPPORT SERVICES, ASSISTIVE TECHNOLOGY AIDS, DEVICES, AND TRAINING, TRAVEL TRAINING, COMMUNICATION SKILLS, AND DAILY LIVING SKILLS TRAINING TO PERSONS WITH SEVERE VISION LOSS WHO ARE AGED 55 OR OLDER IN ORDER TO PROMOTE AND ASSIST PERSONS IN REGAINING AN INDEPENDENT LIFESTYLE. SUPPORT GROUPS MEET BOTH IN-PERSON AND REMOTELY. SERVICE AREAS INCLUDE MERCED AND MARIPOSA COUNTIES.

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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 $9,593

Program Service Revenue $330,512

Investment Income $0

Other Revenue $-2,368

TOTAL REVENUE $337,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,320

Fundraising Expenses $1,393

Program Expenses $321,380

Other Expenses $145,648

TOTAL EXPENSES $343,968

Year-over-Year Comparison

	2023	2022	Change
Revenue	$337,737	$295,523	+0.1%
Expenses	$343,968	$310,416	+0.1%
Net Income	$-6,231	$-14,893	-0.6%

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

$20,388

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD SMITH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ESTHER EVANS	DIRECTOR	0.50	Director	$0	$0	$0
LUANN PARSON	DIRECTOR	0.50	Director	$0	$0	$0
DIANE NORTON	FINANCIAL OFFICER	2.00	Officer Director	$0	$0	$0
JEANETTE JONES	SECRETARY	2.00	Officer Director	$0	$0	$0
TANYA WILLIAMS	PRESIDENT	2.00	Officer Director	$0	$0	$0
FELICIA BOGDEN	DIRECTOR	0.50	Director	$0	$0	$0
MARGARET BUCHMANN-GARCIA	EXECUTIVE DIRECTOR	25.00	Officer	$20,388	$0	$20,388

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	No data	No data	No data	No data
2023	$337,737	$343,968	$41,280	$-6,231
2022	$295,523	$310,416	$18,939	$-14,893
2021	$197,509	$241,511	$20,685	$-44,002
2020	$218,719	$222,337	$61,864	$-3,618
2019	$225,336	$252,835	$65,026	$-27,499
2018	$204,891	$267,747	$93,408	$-62,856