BENNINGTON PROJECT INDEPENDENCE INC (EIN 030270346) - Form 990 Financial Analysis & Trantor Score

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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

1978

Legal Domicile

Principal Officer

LINDA WICHLAC

Phone

8024428136

Tax Period

2023-07-01 to 2024-06-30

BENNINGTON PROJECT INDEPENDENCE INC, founded in 1978, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $4.5M represent 28 months of operating reserves.

Mission

TO PROVIDE SAFE, CARING, AND EXCEPTIONAL ADULT DAY CARE AND HEALTH REHABILITATION SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $512,756

Program Service Revenue $1,389,408

Investment Income $11,466

Other Revenue $21,978

TOTAL REVENUE $1,935,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,372,744

Fundraising Expenses $10,424

Program Expenses $1,730,213

Other Expenses $562,489

TOTAL EXPENSES $1,935,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,935,608	$1,679,003	+0.2%
Expenses	$1,935,233	$1,743,409	+0.1%
Net Income	$375	$-64,406	-1.0%

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

$94,292

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL HARRINGTON	INTERIM PRESIDENT	2.00	Officer Director	$0	$0	$0
ELIZABETH HARDESTY	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDA BUSH	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN CICHANOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
REP MARY MORRISSEY	DIRECTOR	1.00	Director	$0	$0	$0
ELISABETH NEHME	DIRECTOR	1.00	Director	$0	$0	$0
LINDA PUTNEY	DIRECTOR	1.00	Director	$0	$0	$0
ERICA ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE SAVAGE	DIRECTOR	1.00	Director	$0	$0	$0
GRACIELA SEEGER	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA SOUZA	DIRECTOR (START 07/2023)	1.00	Director	$0	$0	$0
MARGARET WILSON	DIRECTOR	1.00	Director	$0	$0	$0
BETSY WOODS	DIRECTOR (START 07/2023)	1.00	Director	$0	$0	$0
LINDA WICHLAC	EXECUTIVE DIRECTOR	40.00	Officer	$89,865	$4,427	$94,292

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	No data	No data	No data	No data
2024	$1,935,608	$1,935,233	$4,766,701	$375
2023	$1,679,003	$1,743,409	$4,613,375	$-64,406
2022	$2,013,909	$1,558,856	$4,642,753	$455,053
2021	$1,684,713	$1,346,916	$4,145,126	$337,797
2020	$1,162,072	$1,361,943	$3,975,982	$-199,871
2019	$1,261,456	$1,453,376	$3,966,797	$-191,920
2018	$1,365,754	$1,358,976	$4,192,362	$6,778

BENNINGTON PROJECT INDEPENDENCE INC