VOCATIONAL DEVELOPMENT FOUNDATION (EIN 931300043) - 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

2000

Legal Domicile

Principal Officer

MICHAEL M MILLER

Phone

5032386115

Tax Period

2024-01-01 to 2024-12-31

VOCATIONAL DEVELOPMENT FOUNDATION, founded in 2000, is a mid-sized nonprofit in the Employment sector that reported $35.1M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.9M, a strong 51% operating margin.

Mission

SUPPORT FOR VOCATIONAL REHABILITATION SERVICES.

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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 $25,000,000

Program Service Revenue $0

Investment Income $9,929,575

Other Revenue $189,861

TOTAL REVENUE $35,119,436

Expense Breakdown

Grants Paid $16,200,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,200,000

Other Expenses $1,042,381

TOTAL EXPENSES $17,242,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,119,436	$27,353,584	+0.3%
Expenses	$17,242,381	$15,116,644	+0.1%
Net Income	$17,877,055	$12,236,940	+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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELINDA KACAL	TREAS/TT	1.00	Officer Director	$0	$0	$0
KARL KOCH	SEC/TT	1.00	Officer Director	$0	$0	$0
MICHAEL M MILLER	PRES/TT	1.00	Officer Director	$0	$0	$0
THOMAS C YOUNG	CHAIRMAN/TT	1.00	Officer Director	$0	$0	$0

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	$35,119,436	$17,242,381	$327,754,703	$17,877,055
2023	$27,353,584	$15,116,644	$293,132,903	$12,236,940
2022	$37,427,883	$14,084,331	$259,250,538	$23,343,552
2021	$51,140,022	$13,700,238	$279,670,535	$37,439,784
2020	$24,792,416	$10,731,102	$229,075,873	$14,061,314
2019	$30,977,855	$9,631,885	$197,903,923	$21,345,970
2018	$28,101,048	$7,250,633	$157,856,365	$20,850,415

VOCATIONAL DEVELOPMENT FOUNDATION