LOUISIANA ASSOCIATION FOR THE BLIND INC

EIN: 720408981 501(c)(3)

SHREVEPORT, LA

Total Revenue
$9,071,944
Total Expenses
$8,084,220
Total Assets
$35,054,829
Net Assets
$33,231,600
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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
1927
Legal Domicile
LA
Principal Officer
BRIAN PATCHETT
Phone
3186356471
Tax Period
2023-10-01 to 2024-09-30

LOUISIANA ASSOCIATION FOR THE BLIND INC, founded in 1927, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $8.1M left a modest 11% surplus.

Mission

EVALUATE, TRAIN, AND PROVIDE EMPLOYMENT OPPORTUNITIES FOR THE BLIND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $518,580
Program Service Revenue $390,291
Investment Income $363,597
Other Revenue $7,799,476
TOTAL REVENUE $9,071,944

Expense Breakdown

Grants Paid $11,000
Salaries & Benefits $3,909,024
Fundraising Expenses $0
Program Expenses $3,274,450
Other Expenses $4,164,196
TOTAL EXPENSES $8,084,220

Year-over-Year Comparison

2023 2022 Change
Revenue $9,071,944 $6,803,136 +0.3%
Expenses $8,084,220 $5,327,581 +0.5%
Net Income $987,724 $1,475,555 -0.3%
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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Governance

Voting Members
6
Independent Members
6
Employees
141
Volunteers
6

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
7
$530,605
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERI VENABLE DIRECTOR 0.50
Director
$0 $0 $0
TAYLOR JAMISON DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM SMITH 1ST VICE CHAIR 0.50
Officer
$0 $0 $0
JOSH TRAHAN BOARD CHAIR 0.50
Officer
$0 $0 $0
SUZANNE ELLIS 2ND VICE CHAIR, TREASURER 0.50
Officer
$0 $0 $0
DR CHRIS KEVIL IMMEDIATE PAST CHAIR 0.50
Officer
$0 $0 $0
BRIAN PATCHETT PRESIDENT & CEO 55.00
Officer
$193,281 $42,941 $236,222
AUDRA MUSLOW VICE PRESIDENT/INTERIM CEO 55.00
Officer
$117,323 $13,906 $131,229
SHUN WASHINGTON CFO 40.00
Officer
$137,794 $25,360 $163,154
WILLIAM REDCLIFF VICE PRESIDENT OF OPERATIONS 40.00
Highest
$116,156 $13,906 $130,062
HEATHER MCKENZIE DIRECTOR, PROCUREMENT AND 40.00
Highest
$113,444 $13,906 $127,350
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
2024 $9,071,944 $8,084,220 $35,054,829 $987,724
2023 $6,803,136 $5,327,581 $32,891,583 $1,475,555
2022 $4,793,252 $4,226,744 $30,947,904 $566,508
2021 $6,008,985 $3,991,623 $31,579,658 $2,017,362
2020 $4,820,782 $3,916,895 $30,543,299 $903,887
2019 $4,510,935 $4,096,844 $29,809,185 $414,091
2018 $5,857,798 $4,231,910 $28,723,792 $1,625,888
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