INDEPENDENT LIVING ASSOCIATION (EIN 112729771) - 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

1984

Legal Domicile

Principal Officer

FRANCIS DE LUCIA

Phone

7188522000

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENT LIVING ASSOCIATION, founded in 1984, is a mid-sized nonprofit in the Human Services sector that reported $71.2M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE PROGRAMS, SERVICES, REHABILITATION AND SOCIAL ACTIVITIES, IN CONSULTATION WITH THE NYS OFFICE FOR PEOPLE WITH DEV. 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 (2024)

Revenue Breakdown

Contributions & Grants $151,925

Program Service Revenue $68,936,457

Investment Income $376,164

Other Revenue $1,747,279

TOTAL REVENUE $71,211,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,475,281

Fundraising Expenses $0

Program Expenses $64,228,199

Other Expenses $20,777,849

TOTAL EXPENSES $69,253,130

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,211,825	$61,021,999	+0.2%
Expenses	$69,253,130	$65,129,893	+0.1%
Net Income	$1,958,695	$-4,107,894	-1.5%

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

775

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

$919,487

Total Directors

$107,821

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLTON T BUTLERESQ	CHAIRMAN & SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT MCKENNA	PRESIDENT	1.00	Officer Director	$0	$0	$0
JERRY GLASSMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET KOCH	BOARD MEMBER	1.00	Director	$0	$0	$0
ARTHUR PALEVSKY	BOARD MEMBER & FORMER ADJUNCT ADMINISTRATOR	1.00	Director	$105,502	$2,319	$107,821
LOLA SIMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANK DE LUCIA	EXECUTIVE DIRECTOR	35.00	Officer	$366,769	$32,680	$399,449
ALEX KAN	CHIEF FINANCIAL OFFICER	35.00	Officer	$213,129	$29,750	$242,879
AVA MORGAN	DEPUTY EXEC DIR / COO	35.00	Officer	$252,138	$25,021	$277,159
HEATHER DENNIS LYNE	DIRECT CARE COUNSELOR	35.00	Highest	$117,855	$10,327	$128,182
STEVEN BONICI	IT DIRECTOR	35.00	Highest	$140,130	$28,143	$168,273
ROYLYN THOMAS	DIRECTOR OF HUMAN RESOURCES	35.00	Highest	$116,578	$11,859	$128,437
ROSELENE SALNAVE DORT	DIRECT CARE COUNSELOR	35.00	Highest	$111,652	$9,370	$121,022
CHRISTIAN RODRIGUEZ	CONTROLLER	35.00	Highest	$107,631	$11,264	$118,895

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	$71,211,825	$69,253,130	$35,686,139	$1,958,695
2024	$61,021,999	$65,129,893	$34,611,830	$-4,107,894
2023	$62,522,358	$63,575,370	$38,017,119	$-1,053,012
2022	$74,420,946	$67,004,058	$37,281,388	$7,416,888
2021	$58,796,469	$54,041,238	$34,343,844	$4,755,231
2020	$55,603,129	$54,060,506	$29,799,460	$1,542,623
2019	$48,697,737	$52,131,625	$20,989,655	$-3,433,888
2018	$48,519,274	$48,169,638	$26,563,859	$349,636

INDEPENDENT LIVING ASSOCIATION