Independence Association 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

1967

Legal Domicile

Principal Officer

Brett Bulmer

Phone

2077254371

Tax Period

2024-07-01 to 2025-06-30

Independence Association Inc, founded in 1967, is a mid-sized nonprofit in the Human Services sector that reported $13.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $11.5M left a modest 14% surplus.

Mission

INDEPENDENCE ASSOCIATION ASSISTS ADULTS AND CHILDREN WITH DEVELOPMENTAL DISABILITIES IN OBTAINING A FULL AND INCLUSIVE LIFE IN THEIR CHOSEN COMMUNITY. IT PROVIDES AN ARRAY OF RESIDENTIAL SUPPORT OPTIONS, EMPLOYMENT SERVICES, IN-HOME SUPPORT AND CASE MANAGEMENT SERVICES AS WELL AS OTHER HABILITATION SERVICES.

Program Service Accomplishments

Program 1

Expenses: $8,234,222 Revenue: $8,840,171

INDEPENDENCE ASSOCIATION HAS MANY HOUSING PROGRAMS FOR ADULTS WITH DEVELOPMENTAL DISABILITIES, ENSURING THEIR SAFETY, SECURITY AND HAPPINESS IN AN INDEPENDENCE PROMOTING ENVIRONMENT.

Program 2

Expenses: $615,643 Revenue: $661,431

ENVISIONME PROVIDES DAY-PROGRAM SUPPORT TO ADULTS WITH DEVELOPMENTAL DISABILITIES; EDUCATIONAL, THERAPEUTIC, AND RECREATIONAL PROGRAMS ARE DESIGNED TO INCREASE AND ENHANCE LIFE SKILL DEVELOPMENT AS...

Program 3

Expenses: $1,089,886 Revenue: $1,269,350

SPINDLEWORKS IS A THERAPEUTIC ART PROGRAM OF INDEPENDENCE ASSOCIATION THAT PROMOTES INDEPENDENCE AND COMMUNITY INCLUSION THROUGH THE CREATION OF ART AND PARTICIPATION IN ART SHOWS. THE PROGRAM ALSO FACILITATES COMMUNITY INCLUSION AND NATURAL SUPPORTS THROUGH THE USE OF VOLUNTEERS AND ARTIST MENTORS FROM THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,069,419

Program Service Revenue $10,561,186

Investment Income $417,502

Other Revenue $229,482

TOTAL REVENUE $13,277,589

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,922,826

Fundraising Expenses $112,729

Program Expenses $9,939,751

Other Expenses $3,554,447

TOTAL EXPENSES $11,477,273

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,277,589	$11,527,697	+0.2%
Expenses	$11,477,273	$11,346,635	+0.0%
Net Income	$1,800,316	$181,062	+8.9%

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

160

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

$80,528

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID COWING	CHAIR	3.00	Officer Director	$0	$0	$0
ERIC UHL	VICE CHAIR	3.00	Officer Director	$0	$0	$0
CHARLIE FRIZZLE	TREASURER	3.00	Officer Director	$0	$0	$0
RICHARD ESTABROOK	SECRETARY	3.00	Officer Director	$0	$0	$0
DEBORAH DIONNE	DIRECTOR	3.00	Director	$0	$0	$0
VICKI DURRELL	DIRECTOR	3.00	Director	$0	$0	$0
KENNETH FAULKNER	DIRECTOR	3.00	Director	$0	$0	$0
EVAN GLEASON	DIRECTOR	3.00	Director	$0	$0	$0
CONNIE JONES-MORRIS	DIRECTOR	3.00	Director	$0	$0	$0
TONI KEMMERLE	DIRECTOR	3.00	Director	$0	$0	$0
MELISSA KNUTSON	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTOPHER LADNER	DIRECTOR	3.00	Director	$0	$0	$0
EVELINE MCGREGOR	DIRECTOR	3.00	Director	$0	$0	$0
COURTNEY OLAND	DIRECTOR	3.00	Director	$0	$0	$0
LUKE OUELLET	DIRECTOR	3.00	Director	$0	$0	$0
HAROLD HANK PFEIFLE	DIRECTOR	3.00	Director	$0	$0	$0
KATHY RICKARDS	DIRECTOR	3.00	Director	$0	$0	$0
NANCY SCOTT	DIRECTOR	3.00	Director	$0	$0	$0
BRETT BULMER	EXECUTIVE DIRECTOR	50.00	Officer	$72,777	$7,751	$80,528

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
2025	$13,277,589	$11,477,273	$11,863,473	$1,800,316
2024	$11,527,697	$11,346,635	$10,369,868	$181,062
2023	$11,811,840	$11,555,177	$10,195,662	$256,663
2022	$10,715,783	$11,131,281	$10,733,333	$-415,498
2021	$10,432,893	$9,143,049	$11,547,563	$1,289,844
2020	$9,420,010	$9,860,008	$11,063,239	$-439,998
2019	$10,757,341	$10,466,387	$9,917,338	$290,954
2018	$10,060,510	$10,069,439	$8,621,711	$-8,929