SOCIETY FOR THE BLIND INC

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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

1954

Legal Domicile

Principal Officer

SHARI ROESELER

Phone

9164528271

Tax Period

2023-01-01 to 2023-12-31

SOCIETY FOR THE BLIND INC, founded in 1954, is a community nonprofit in the Diseases & Disorders sector that reported $3.2M in total revenue in fiscal year 2023. Expenses of $3.0M left a modest 6% surplus.

Mission

THE MISSION OF THE SOCIETY FOR THE BLIND IS TO EMPOWER INDIVIDUALS WHO ARE BLIND OR HAVE LOW VISION TO LIVE PRODUCTIVELY AND INDEPENDENTLY BY BUILDING CONFIDENCE THROUGH TRAINING, TOOLS AND MENTORSHIP.

Program Service Accomplishments

Program 1

Expenses: $1,636,178 Revenue: $789,766

IN 2023, 173 GENERAL REHABILITATION CLIENTS RECEIVED BLINDNESS INSTRUCTION IN ORIENTATION AND MOBILITY, ADAPTIVE TECHNOLOGY, DAILY LIVING SKILLS, AND BRAILLE.

Program 2

Expenses: $608,208 Revenue: $86,149

IN 2023, 479 PEOPLE WERE HELPED THROUGH A TOTAL OF 567 APPOINTMENTS WITH OUR DOCTORS AND OCCUPATIONAL THERAPIST IN OUR LOW VISION CLINIC.

Program 3

Expenses: $209,011 Revenue: $247,500

IN 2023, 2,367 SUBSCRIBERS PLACED A TOTAL OF 9,605 CALLS TO USE ACCESS NEWS, OUR FREE TELEPHONE-BASED NEWS SERVICE PROVIDING AUDIO ACCESS TO VOLUNTEER-READ RECORDINGS OF LOCAL AND NATIONAL...

IN 2023, 2,367 SUBSCRIBERS PLACED A TOTAL OF 9,605 CALLS TO USE ACCESS NEWS, OUR FREE TELEPHONE-BASED NEWS SERVICE PROVIDING AUDIO ACCESS TO VOLUNTEER-READ RECORDINGS OF LOCAL AND NATIONAL PERIODICALS.

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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 $1,501,537

Program Service Revenue $875,915

Investment Income $320,264

Other Revenue $469,901

TOTAL REVENUE $3,167,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,818,847

Fundraising Expenses $395,439

Program Expenses $2,460,168

Other Expenses $1,159,846

TOTAL EXPENSES $2,978,693

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,167,617	$3,159,291	+0.0%
Expenses	$2,978,693	$2,578,790	+0.2%
Net Income	$188,924	$580,501	-0.7%

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

244

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

$183,605

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM CARTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARLENE MOURTZIKOS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAWN CORNELIUS CPA	TREASURER	4.00	Officer Director	$0	$0	$0
ALLISON OTTO	SECRETARY	1.00	Officer Director	$0	$0	$0
JANICE WALTH	DIRECTOR	1.00	Officer Director	$0	$0	$0
ANNMARIE BRONTE	DIRECTOR	1.00	Director	$0	$0	$0
ADAM ELSHAMA	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA JUSTICE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LERNER	DIRECTOR	1.00	Director	$0	$0	$0
BRYCE MCANALLY	DIRECTOR	1.00	Director	$0	$0	$0
MARK J MANNIS MD	DIRECTOR	1.00	Director	$0	$0	$0
DR PAUL PETERSON DC	DIRECTOR	1.00	Director	$0	$0	$0
GOUTAM SINHA	DIRECTOR	1.00	Director	$0	$0	$0
DANA SCHWARZINGER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF THOM	DIRECTOR	1.00	Director	$0	$0	$0
SHARI ROESELER	EXECUTUVE DIRECTOR	40.00	Director	$172,392	$11,213	$183,605

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	$3,167,617	$2,978,693	$7,801,941	$188,924
2022	$3,159,291	$2,578,790	$7,643,645	$580,501
2021	$3,002,333	$2,363,351	$6,571,988	$638,982
2020	$2,626,025	$2,457,028	$5,897,877	$168,997
2019	$2,467,502	$2,460,404	$5,825,290	$7,098
2018	$2,698,278	$2,240,595	$5,652,944	$457,683