FOUNDATION FOR BLIND CHILDREN (EIN 860129981) - 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

1955

Legal Domicile

Principal Officer

JARED KITTELSON

Phone

6023311470

Tax Period

2023-07-01 to 2024-06-30

FOUNDATION FOR BLIND CHILDREN, founded in 1955, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $14.3M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

FOUNDATION FOR BLIND CHILDREN'S MISSION IS TO PROVIDE EDUCATION, TOOLS AND SERVICES THAT ENABLE ALL PERSONS WITH VISION LOSS TO ACHIEVE GREATER INDEPENDENCE. OUR VISION IS A WORLD WHERE VISION LOSS IS A DIAGNOSIS, NOT A DISABILITY. FOUNDATION FOR BLIND CHILDREN VALUES EXCEPTIONAL SERVICE, ADVOCACY, GREAT WORK ENVIRONMENT, COMMUNITY PARTNERSHIPS AND FINANCIAL RESPONSIBILITY.

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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 $5,431,575

Program Service Revenue $8,521,849

Investment Income $385,800

Other Revenue $-64,691

TOTAL REVENUE $14,274,533

Expense Breakdown

Grants Paid $135,899

Salaries & Benefits $9,758,744

Fundraising Expenses $758,162

Program Expenses $12,839,094

Other Expenses $5,064,029

TOTAL EXPENSES $14,958,672

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,274,533	$11,160,600	+0.3%
Expenses	$14,958,672	$12,595,499	+0.2%
Net Income	$-684,139	$-1,434,899	-0.5%

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

193

Volunteers

367

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

$674,060

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY MILLS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MITCHELL HANSON	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
STEPHANIE HOWELL	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT ROOT	SECRETARY (THROUGH 3/24/24)	1.00	Officer Director	$0	$0	$0
MICHAEL DARNALL	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
LANA BERRY	TREASURER	1.00	Officer Director	$0	$0	$0
MEGAN STALLONE	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
MOSES SANCHEZ	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID NIGRO IMMEDIATE	PAST PRESIDENT (THROUGH 3/28/24)	0.50	Officer Director	$0	$0	$0
CHRISTY ATLER	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIKA BROWN	BOARD MEMBER	0.50	Director	$0	$0	$0
ISABELLE CHAPMAN	BOARD MEMBER (THROUGH 1/25/24)	0.50	Director	$0	$0	$0
DON CUPPY	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID DUNCAN	BOARD MEMBER	0.50	Director	$0	$0	$0
KATHLEEN FARRAND	BOARD MEMBER	0.50	Director	$0	$0	$0
NORM HALL	BOARD MEMBER	0.50	Director	$0	$0	$0
JACKIE HALLEEN	BOARD MEMBER (THROUGH 1/17/24)	0.50	Director	$0	$0	$0
DAVID HANSEN	BOARD MEMBER (THROUGH 3/28/24)	0.50	Director	$0	$0	$0
JOE HERRELL	BOARD MEMBER	0.50	Director	$0	$0	$0
LAURA KUENY	BOARD MEMBER (THROUGH 1/25/24)	0.50	Director	$0	$0	$0
MARY ANNE LACHENMAIER	BOARD MEMBER	0.50	Director	$0	$0	$0
DEVYANI LAL	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER MACLENNAN	BOARD MEMBER	0.50	Director	$0	$0	$0
CALLIE MAXWELL	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS MEYERS	BOARD MEMBER	0.50	Director	$0	$0	$0
TERRI NIGRO	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVE POPE	BOARD MEMBER	0.50	Director	$0	$0	$0
ROMAN RABAGO	BOARD MEMBER (THROUGH 1/25/24)	0.50	Director	$0	$0	$0
ALLISON SHEAVES	BOARD MEMBER	0.50	Director	$0	$0	$0
TOM WHITTEN	BOARD MEMBER	0.50	Director	$0	$0	$0
MARC ASHTON	FORMER CEO (THROUGH 6/28/24)	35.00	Officer	$240,216	$72,359	$312,575
JARED KITTELSON ASSOC CEO	(THROUGH 6/28/24); THEN CEO	35.00	Officer	$170,968	$58,549	$229,517
RONALD ROSAS	DIRECTOR OF FINANCE	35.00	Officer	$95,279	$36,689	$131,968
BARBRA SMITH	VICE PRESIDENT OF OPERATIONS	35.00	Highest	$124,739	$43,521	$168,260
JULIE OLIVER	VICE PRESIDENT OF PROGRAMS	35.00	Highest	$117,424	$41,087	$158,511
CHRISTOPHER HAWK	DIRECTOR OF INFORMATION TECHNOLOGY	35.00	Highest	$103,058	$16,209	$119,267
JOY CALLES	DIRECTOR OF PREK-12 SERVICES	35.00	Highest	$103,559	$9,658	$113,217
MEGAN MATHEIS	DIRECTOR OF EMPLOYEE EXPERIENCE	35.00	Highest	$103,431	$13,578	$117,009

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	No data	No data	No data	No data
2024	$14,274,533	$14,958,672	$29,956,901	$-684,139
2023	$11,160,600	$12,595,499	$29,796,749	$-1,434,899
2022	$12,774,867	$10,713,397	$30,302,492	$2,061,470
2021	$9,225,861	$9,538,904	$29,544,997	$-313,043
2019	$10,678,683	$8,826,735	$27,703,430	$1,851,948

FOUNDATION FOR BLIND CHILDREN