Transylvania Vocational Services In

“A copy of the form 990 was provided to each board member for their review prior to the date the return was filed. The form 990 was preseted to the board members during a monthly board meeting in which the members reviewed and approved the return. These actions were subsequently documented in the organization's board minutes.”

“Board members are required annually to disclose any relationships that could give rise to conflicts, and those relationships are reviewed annually by the board. Any transactions throughout the year are reviewed and evaluated prior to the execution of the transaction for potential conflicts.”

“The organization follows the rebuttable presumption of reasonableness process for determining executive compensation. Compensation packages provided to the ceo and cfo are presented to the board of directors for the review and approval. The packages are evaluated against comparable rehab organizations in the western north carolina area and to a wage survey conducted by wci, inc.”

“Photocopies of the form 1023 and recent filings of the form 990 are available upon request at the organization's adminitrative office. In addition, the most recent filing of the form 990 is available online at www.guidestar.org.”

“Photocopies of the organization's governming documents, financial statements, and conflict of interest policy are available upon request at the organization's administrative office.”

“Transylvania vocational services provides programs and services that include employment services, day enrichment and activity programs for adults, community-based services, residential services, and pre-employment transition services for school aged youth. During the 2024 -2025 fiscal year, tvs served 234 individuals in these programs. Thirty two individuals were served in some level of vocational services at 23 different businesses in three counties. Pre-employment transition services served 142 students in 9 different schools. 13 individuals were served in the life skills adult day program. Interact adult day program served 24 individuals. Surveys of persons served and other stakeholders such as community agencies and employers indicated satisfaction with the services provided by tvs. Persons served had a wide range of disabilities including physical disabilities, intellectual disabilities/developmental disabilities, mental health disabilities, and other barriers to employment.”

“Amortization of goodwill -326,936 adjustment of expense from revenue -56,159 total -383,095”