CORPORATION FOR INDEPENDENT LIVING (EIN 061008590) - 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

1979

Legal Domicile

Principal Officer

MARIA GREEN

Phone

8605636011

Tax Period

2023-07-01 to 2024-06-30

CORPORATION FOR INDEPENDENT LIVING, founded in 1979, is a community nonprofit in the Human Services sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $4.2M exceeded revenue, resulting in a 67% operating deficit.

Mission

PROVIDE HOUSING FOR PEOPLE WITH DISABILITIES.

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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 $420,195

Program Service Revenue $2,090,161

Investment Income $0

Other Revenue $5,547

TOTAL REVENUE $2,515,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,849,964

Fundraising Expenses $0

Program Expenses $2,365,931

Other Expenses $1,345,731

TOTAL EXPENSES $4,195,695

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,515,903	$1,796,480	+0.4%
Expenses	$4,195,695	$3,902,728	+0.1%
Net Income	$-1,679,792	$-2,106,248	-0.2%

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

$575,368

Total Directors

$575,368

Key Employees

$225,120

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT SCHWENDY	PRESIDENT/CEO	40.00	Officer Director	$284,711	$56,544	$341,255
MARIA GREEN	SECRETARY/CFO	40.00	Officer Director	$206,615	$27,498	$234,113
CHRISTOPHER CANNA	VP DEVELOPMENT	40.00	Key Emp	$180,981	$44,139	$225,120
SAMANTHA VANSCHOICK	VP STRATEGIC PARTNERSHIPS	40.00	Highest	$116,289	$31,742	$148,031
ERIC PLUMMER	CHIEF INFORMATION OFFICER	40.00	Highest	$130,601	$16,464	$147,065
PETER BENVIE	SR. REAL ESTATE DEVELOPER 2	40.00	Highest	$115,377	$28,942	$144,319
DIANA DENG	ASSISTANT DIRECTOR OF REAL ESTATE DEVELOPMENT	40.00	Highest	$111,459	$30,219	$141,678
MELISSA MCGEOWN	SR. REAL ESTATE DEVELOPER 3	40.00	Highest	$108,885	$30,995	$139,880
GIOIA ZACK	CHAIR	2.40	Officer Director	$0	$0	$0
JACK SOOS	VICE CHAIR	2.40	Officer Director	$0	$0	$0
KELLY REYNGOLD	TREASURER	2.40	Officer Director	$0	$0	$0
REV JOSEPH BLACK	ASSISTANT TREASURER	2.40	Officer Director	$0	$0	$0
RUTH BANTA	DIRECTOR	2.40	Director	$0	$0	$0
MARISA CHRYSOCHOOU	DIRECTOR	2.40	Director	$0	$0	$0
DOUGLAS HENLEY	DIRECTOR	2.40	Director	$0	$0	$0
PATRICK PINNELL	DIRECTOR	2.40	Director	$0	$0	$0
PAUL SANFORD	DIRECTOR	2.40	Director	$0	$0	$0

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	$2,515,903	$4,195,695	$22,200,443	$-1,679,792
2023	$1,796,480	$3,902,728	$18,958,038	$-2,106,248
2022	$2,652,123	$3,971,021	$16,641,888	$-1,318,898
2021	$572,101	$7,045,759	$12,349,466	$-6,473,658
2020	$2,836,329	$3,670,743	$8,000,904	$-834,414
2019	$1,799,871	$10,051,483	$5,731,554	$-8,251,612
2018	$2,274,555	$6,483,384	$6,113,076	$-4,208,829

CORPORATION FOR INDEPENDENT LIVING