SOUTH BAY VOCATIONAL CENTER 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

1952

Legal Domicile

Principal Officer

BILL MYERS

Tax Period

2022-07-01 to 2023-06-30

SOUTH BAY VOCATIONAL CENTER INC, founded in 1952, is a community nonprofit in the Employment sector that reported $1.1M in total revenue in fiscal year 2022. Expenses of $1.5M exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PROVIDE VOCATIONAL TRAINING, ADVOCACY, COUNSELING AND OPPORTUNITIES FOR INDIVIDUAL WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $1,492,995

PROVIDE VOCATIONAL TRAINING, ADVOCACY, COUNSELING AND OPPORTUNITY FOR DISABLE PERSONS PROVIDE VOCATIONAL TRAINING, ADVOCACY, COUNSELING AND OPPORTUNITY FOR DISABLE PERSONS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,090,068

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,090,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $541,825

Fundraising Expenses $0

Program Expenses $1,492,995

Other Expenses $951,170

TOTAL EXPENSES $1,492,995

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,090,068	N/A	N/A
Expenses	$1,492,995	N/A	N/A
Net Income	$-402,927	N/A	N/A

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

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
LORAINE BECKETT	BOARD MEMBER	0.00	Officer	$0	$0	$0
HAL LIRMAN	BOARD MEMBER	0.00	Officer	$0	$0	$0
COREY SYLVE	PRESIDENT CEO	40.00	Officer	$0	$0	$0
BILL MYERS	SECRETARY TREASURER	1.00	Officer	$0	$0	$0
JOEANN VALLE	BOARD MEMBER	1.00	Officer	$0	$0	$0
LINDA MAY	BOARD MEMBER	0.00	Officer	$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
2023	$1,090,068	$1,492,995	$653,839	$-402,927
2022	$2,177,213	$2,198,294	$1,154,755	$-21,081
2021	$2,636,600	$2,766,866	$856,932	$-130,266
2020	$1,594,002	$1,788,579	$1,094,970	$-194,577
2019	$1,985,984	$1,943,052	$889,437	$42,932
2018	$1,798,143	$1,845,427	$810,273	$-47,284