Welcome to the Vulcan madness Serenity. I like Sloppys suggestions for adjusting the handlebars to fit you. I just have a couple of suggestions to go along with them. Sit on the bike balancing it upright, or on the centerstand. Close your eyes for a few seconds, then raise your hands to where it feels natural and comfortable for riding. Open your eyes and see how far you need to pull the bars back to meet your hands. If after riding with the bars pulled back, they still don`t feel right, you may then need to look at differently shaped bars. You can mount them in risers that have different amount of rise and pull back to suit you. ie. 2" rise and 4" back, etc.
Before doing Sloppys second no cost adjustment, to lower the steering head an inch on the fork tubes, put a jack under the engine with a little piece of plywood to spread the weight. Jack it up just enough to take the weight off the front wheel, before loosening the 4 pinch bolts on the triple tree ( aka head clamps, steering head or fork bridge). There are two different sizes of bolt heads, (12 and 14mm, IIRC). Lower the bike with the jack just enough to let the tubes slide up no more than an inch. You might want to cut a 1 inch wide strip of card stock to use as a gauge between the fork tube caps and the steering head, instead of messing with reading a tape measure or ruler.
You will need a 1/2 inch drive torque wrench and sockets to tighten the pinch bolts back to spec, which is 14.5 ft/lbs for the upper bolts, and 18 ft/lbs for the lower ones.
With regards to the seat, it is not very comfortable for anyone for rides longer than 30 or 40 minutes, IMHO. You can try shaving down the width of the foam yourself or send the seat to somebody like this: www.buttbuffer.com
, and get it professionallt fitted to you, and have some better cushioning installed. If you click on seat installation
there is an magazine article written by a female rider who is vertically challenged too. She relates what a difference the reshaped seat on a new sportbike made to her.
OK, so I just clicked on your avitar and read your newbie checkin, and see that your father is a mechanic. So all the minutiae of directions given above, you don`t need.
I do think though, that these three items are the first things to try before spending money on shorter rear shocks, shorter or progressive front springs, and different handle bars, etc. Once you start riding the bike again with these adjustment and mods, it shouldn`t take too long to discover if they are a "fit" for you. Enjoy the cruise through the forum.