INDEPENDENCE HOUSE 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

1979

Legal Domicile

Principal Officer

LYSETTA HURGE-PUTNAM

Phone

5087716507

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENCE HOUSE INC, founded in 1979, is a community nonprofit in the Human Services sector that reported $5.5M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 26% operating margin.

Mission

TO HELP ALL DOMESTIC AND SEXUAL ASSAULT VICTIMS, SURVIVORS AND CHILDREN BY CREATING OPPORTUNITIES FOR SAFETY AND EMPOWERMENT THROUGH CRISIS INTERVENTION, ADVOCACY, COUNSELING, REFERRAL, OUTREACH, PREVENTION AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $1,179,914 Revenue: $39,786

ADVOCACY SUPPORT, SAFETY PLANNING, 209A AND 258E RESTRAINING ORDER ASSISTANCE IN OUR SAFEPLAN COURT ADVOCACY PROGRAM TO 1,838 SURVIVORS. OUTCOMES INCLUDED PERSONAL SAFETY PLANS, INCREASED ACCESS TO...

Program 2

Expenses: $849,585 Revenue: $0

ON-SITE HOURS OF EMERGENCY SHELTER SERVICES FOR DOMESTIC AND SEXUAL ASSAULT SURVIVORS.

Program 3

Expenses: $515,275 Revenue: $0

DOMESTIC VIOLENCE ADVOCACY, SHELTER, SAFETY, COUNSELLING AND SAFEHOMING ASSISTANCE TO OVER 3,617 SURVIVORS OF DOMESTIC VIOLENCE. OUTCOMES ACHIEVED INCLUDE INCREASED WELL-BEING, INCREASED OPTIONS FOR SAFETY, AND INCREASED KNOWLEDGE OF HEALTHY RELATIONSHIP SIGNS AND REDUCED NEGATIVE IMPACT OF DOMESTIC VIOLENCE ON EMOTIONAL WELL-BEING. OUTREACH AND PREVENTION ACTIVITIES INCREASED COMMUNITY'S KNOWLEDGE ABOUT DOMESTIC VIOLENCE AND OFFERED STRATEGIES FOR HEALTHY RELATIONSHIPS.

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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 $5,386,496

Program Service Revenue $39,786

Investment Income $68,302

Other Revenue $5,408

TOTAL REVENUE $5,499,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,998,228

Fundraising Expenses $88,643

Program Expenses $2,989,417

Other Expenses $1,061,377

TOTAL EXPENSES $4,059,605

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,499,992	$4,198,150	+0.3%
Expenses	$4,059,605	$3,841,247	+0.1%
Net Income	$1,440,387	$356,903	+3.0%

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

$340,569

Total Directors

$236,224

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYSETTA HURGE - PUTNAM	EXECUTIVE DIRECTOR	37.00	Officer Director	$229,569	$6,655	$236,224
LEDA PHILLIPS	PRESIDENT AND CHAIR	0.50	Officer Director	$0	$0	$0
MAGGIE PHELAN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DAVID W BOGAN	SECRETARY	0.50	Officer Director	$0	$0	$0
DEBORAH J LYMAN	TREASURER	0.50	Officer Director	$0	$0	$0
SANDRA CASHEN	DIRECTOR	0.50	Director	$0	$0	$0
KRISTEN FORESTA	DIRECTOR	0.50	Director	$0	$0	$0
LAUREN KANZER	DIRECTOR	0.50	Director	$0	$0	$0
RON LARRIVEE	DIRECTOR	0.50	Director	$0	$0	$0
ANGELA NASH-HENNEMUTH	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER RICCIARDI	DIRECTOR	0.50	Director	$0	$0	$0
ZAAFIRAH ROBB	DIRECTOR	0.50	Director	$0	$0	$0
CATHERINE SPINELLI	DIRECTOR (THRU 11/2024)	0.50	Director	$0	$0	$0
DIANE TODD	DIRECTOR	0.50	Director	$0	$0	$0
DONNA M ZAYATZ	DIRECTOR	0.50	Director	$0	$0	$0
COLLEEN TURCOTTE	DIRECTOR OF FINANCE	35.00	Officer	$93,305	$11,040	$104,345
NANCI RINDFUSS	CLINICAL DIRECTOR	35.00	Highest	$113,289	$3,583	$116,872
DONNA GIBERTI	DIRECTOR OF DEV & MARKET, VOL. COORD	49.00	Highest	$107,697	$11,627	$119,324
SUSAN CALLAN	STAFF ATTORNEY	35.00	Highest	$104,974	$8,243	$113,217

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	$5,499,992	$4,059,605	$6,787,727	$1,440,387
2024	$4,198,150	$3,841,247	$5,000,297	$356,903
2023	$4,475,682	$4,196,639	$4,842,092	$279,043
2022	$4,660,983	$3,715,166	$3,439,495	$945,817
2021	$3,534,362	$3,388,239	$2,413,083	$146,123
2020	$3,387,353	$3,215,796	$2,400,447	$171,557
2019	$3,012,030	$3,004,417	$2,159,996	$7,613