FVO SOLUTIONS 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

1965

Legal Domicile

Principal Officer

ROB WAHLSTROM

Phone

6264490218

Tax Period

2019-07-01 to 2020-06-30

FVO SOLUTIONS INC, founded in 1965, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2019. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 27% operating deficit.

Mission

OUR PURPOSE IS TO CREATE EMPLOYMENT OPPORTUNITIES THAT WOULD NOT OTHERWISE EXIST. OUR MISSION IS TO CREATE JOBS FOR PEOPLE WHO HAVE BARRIERS TO EMPLOYMENT, INCLUDING THOSE WITH DISABILITIES AND OTHER CHALLENGES THAT MAKE SECURING AND RETAINING EMPLOYMENT DIFFICULT.

Program Service Accomplishments

Program 1

Expenses: $1,155,526 Revenue: $1,079,299

THE SUPPORTED EMPLOYMENT PROGRAM PROVIDES COMMUNITY-BASED EMPLOYMENT OPPORTUNITIES, INCLUDING TRAINING, COUNSELING, JOB PLACEMENT, AND ONSITE JOB COACHING, ENABLING ADULTS WITH DEVELOPMENTAL...

THE SUPPORTED EMPLOYMENT PROGRAM PROVIDES COMMUNITY-BASED EMPLOYMENT OPPORTUNITIES, INCLUDING TRAINING, COUNSELING, JOB PLACEMENT, AND ONSITE JOB COACHING, ENABLING ADULTS WITH DEVELOPMENTAL DISABILITIES AND OTHER CHALLENGES TO BECOME MORE SELF SUFFICIENT. THE PROGRAM SERVES AN AVERAGE OF 52 CLIENTS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $120,986

Program Service Revenue $678,092

Investment Income $4,531

Other Revenue $401,207

TOTAL REVENUE $1,204,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $869,991

Fundraising Expenses $32,722

Program Expenses $1,155,526

Other Expenses $656,966

TOTAL EXPENSES $1,526,957

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,204,816	$1,900,802	-0.4%
Expenses	$1,526,957	$2,029,120	-0.2%
Net Income	$-322,141	$-128,318	+1.5%

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

Volunteers

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

$192,841

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PIETRO ROSETTI	CEO, (UNTIL 4/2020)	40.00	Officer	$83,958	$442	$84,400
ROB WAHLSTROM	INTERIM CEO (6/2020)	40.00	Officer	$108,441	$0	$108,441
WILLAN JOHNSON	BOARD MEMBER, CHAIR	3.00	Officer Director	$0	$0	$0
KAREN MAYEDA	BOARD MEMBER, VICE CHAIR	3.00	Officer Director	$0	$0	$0
NATHANIEL BOOKER	BOARD MEMBER, TREASURER	3.00	Officer Director	$0	$0	$0
LOUIS TERAN	BOARD MEMBER, SECRETARY	3.00	Officer Director	$0	$0	$0
TOM POLENZANI	BOARD MEMBER	3.00	Director	$0	$0	$0
FILIPPO FANARA	BOARD MEMBER	3.00	Director	$0	$0	$0
MICHAEL WONG	BOARD MEMBER	3.00	Director	$0	$0	$0
KEN KLOSTERMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
DAVID PAPOTTA	BOARD MEMBER	3.00	Director	$0	$0	$0
DAVID FORTNER	BOARD MEMBER	3.00	Director	$0	$0	$0
MARY J SPELLMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
DONALD NOLLAR	BOARD MEMBER	3.00	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
2020	$1,204,816	$1,526,957	$3,474,898	$-322,141
2020	$154,497	$243,893	No data	$-89,396
2019	$1,900,802	$2,029,120	$4,028,505	$-128,318
2018	$2,046,006	$1,837,129	$4,233,469	$208,877