INDEPENDENT LIVING APARTMENTS OF ULSTER COUNTY INC (EIN 133225003) - 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

AUSTIN RYNNE

Phone

8453384556

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT LIVING APARTMENTS OF ULSTER COUNTY INC, founded in 1984, is a micro nonprofit in the Human Services sector that reported $75K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $92K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE AFFORDABLE AND ACCESSIBLE HOUSING TO 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 $0

Program Service Revenue $75,219

Investment Income $5

Other Revenue $0

TOTAL REVENUE $75,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,467

Other Expenses $92,500

TOTAL EXPENSES $92,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,224	$57,105	+0.3%
Expenses	$92,500	$79,303	+0.2%
Net Income	$-17,276	$-22,198	-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

N/A

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

$527,552

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE KRIEGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSEPH BEICHERT	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL GEARY	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HOWARD WHITAKER	SECRETARY	1.00	Officer Director	$0	$0	$0
DONNA ROCAP	DIRECTOR	1.00	Director	$0	$0	$0
LEWIS KIRSCHNER	DIRECTOR	1.00	Director	$0	$0	$0
FRANCES REUTER	DIRECTOR	1.00	Director	$0	$0	$0
TERRY PARISIAN	DIRECTOR	1.00	Director	$0	$0	$0
BRIANNA PEAK	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA AWAND-GORTEL	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA KAZNOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN STRAUCH	DIRECTOR	1.00	Director	$0	$0	$0
CINDY ROOSA	DIRECTOR	1.00	Director	$0	$0	$0
GERARD DOHRENWEND	EXECUTIVE DIRECTOR	1.00	Officer	$0	$41,079	$228,530
AUSTIN RYNNE	CHEIF OPERATING OFFICER	1.00	Officer	$0	$18,511	$146,466
WILLIAM SAMMIS	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$20,802	$152,556

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
2024	No data	No data	No data	No data
2023	$75,224	$92,500	$200,394	$-17,276
2022	$57,105	$79,303	$170,678	$-22,198
2021	$68,239	$70,075	$182,030	$-1,836
2020	$71,763	$79,336	$161,202	$-7,573
2019	$67,757	$75,189	$180,456	$-7,432
2018	$64,716	$74,165	$200,834	$-9,449

INDEPENDENT LIVING APARTMENTS OF ULSTER COUNTY INC