Winston Salem Industries for the Blind Inc

Nonprofit profile at a glance

EIN
566001467
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Winstonsalem, NC, USA
Phone
3367590551
Rating
83
Verdict
STRONG
Rating confidence
Standard
Sector
Sheltered Employment

Reported finances

Revenue
$25,882,353
Expenses
$24,140,961
Assets
$42,962,333
Liabilities
$19,777,998

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

27 people listed

Executive titles in this filing

  • DANIEL KELLY (PRESIDENT / CEO)

Highest reported compensation

  • DANIEL KELLY (PRESIDENT / CEO): $528,927 total reported compensation
  • KENNETH EDWARDS (CHIEF SUPPLY CHAIN OFFICER): $325,662 total reported compensation
  • VASHUDA RANGAPATHY (VP OF IT & E-COMMERCE): $282,051 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide opportunities for persons who are blind or visually-impaired and are in need of training, employment and services.

What it reported doing in 2024

Operation of a qualified abilityone agency: in fiscal year 2025, ifb solutions provided essential training, employment and services for people who are blind or visually impaired through large-scale manufacturing operations, base supply center retail and online stores, remote work opportunities through workforce services and community outreach. With a focus on creating fulfilling career paths, ifb solutions builds life-changing opportunities for a critically underemployed population. For those new to the workforce, ifb's packaging and assembly operations offer opportunities of informed choice as critical entry points to employment while also creating a growing number of competitive and integrated skill-based technical positions supported by extensive in-person training. Additionally, ifb workforce services division offers work-from-home opportunities for those who cannot relocate or access transportation. Ifb also provides support to those who are blind or visually impaired on a statewide level through its community low vision centers, community outreach and through programming for children who are blind. During fiscal year 2025, this work resulted in the employment of 330 individuals who are blind or visually impaired, generating 445,503 hours worked by people who are blind.

Operating model

Revenue model
Donor-supported. 65% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 64% for direct work, 0% for grants, and 36% for affiliated organizations.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 96
  • Accountability: 100
  • Sustainability: 50
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 59.9%; rating input score 60
  • Fundraising efficiency: $4.22 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6.7%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 1.78; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.46; rating input score 32; 32nd percentile among comparable filings
  • Officer compensation ratio: 11.3%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: -5.2% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -1.9% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 2.4% per year; rating input score 100; 19th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 59.9% of spending went to programs
  • Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $14.5M in reported program spending
  • Leadership: top reported pay $529K · 27 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $571K reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 17/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 32/100.