IRI INNOVATIVE RESOURCES FOR INDEPENDENCE INC (EIN 133490223) - 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

1988

Legal Domicile

Principal Officer

GILBERT LOUIS

Phone

7188056796

Tax Period

2024-07-01 to 2025-06-30

IRI INNOVATIVE RESOURCES FOR INDEPENDENCE INC, founded in 1988, is a mid-sized nonprofit in the Human Services sector that reported $56.3M in total revenue in fiscal year 2024. The organization ran a surplus of $10.0M, a strong 18% operating margin.

Mission

TO CREATE A WORLD WHERE PEOPLE WITH INTELLECTUAL DISABILITIES LIVE MEANINGFUL LIVES, INTEGRATED IN SOCIETY, EMPOWERED BY THEIR ABILITIES.

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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 $51,599

Program Service Revenue $53,362,349

Investment Income $2,476,983

Other Revenue $388,489

TOTAL REVENUE $56,279,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,430,041

Fundraising Expenses $1,014

Program Expenses $40,876,540

Other Expenses $11,885,051

TOTAL EXPENSES $46,315,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,279,420	$54,662,857	+0.0%
Expenses	$46,315,092	$40,222,021	+0.2%
Net Income	$9,964,328	$14,440,836	-0.3%

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

834

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

$1,128,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAEL MONTEIL	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHARON SIMMONDS	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT PARRIS	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIE GRAHAM	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH A D'AGOSTINO	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT SPRINGER	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN BECKER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA BUFANO	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BUFANO	DIRECTOR	1.00	Director	$0	$0	$0
JOAN FRIETSCH	DIRECTOR	1.00	Director	$0	$0	$0
DEOKI PESTANO	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA RIZZO	DIRECTOR	1.00	Director	$0	$0	$0
GILBERT LOUIS	CHIEF EXECUTIVE OFFICER	40.00	Officer	$525,619	$83,157	$608,776
TODD PINKUS	CFO (THRU MAY 2025)	40.00	Officer	$207,214	$37,587	$244,801
LINA SARAY	CHIEF FINANCIAL AND HR OFFICER	40.00	Officer	$196,264	$78,492	$274,756
ELIZABETH CORRIGAN	COO	40.00	Highest	$206,498	$79,304	$285,802
SUSAN E MCGRATH	CCO	40.00	Highest	$207,763	$79,304	$287,067
ANA KOESSLER	CAO	40.00	Highest	$207,325	$53,103	$260,428
MAAG JEAN	DIRECTOR OF NURSING	40.00	Highest	$143,510	$0	$143,510

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	$56,279,420	$46,315,092	$96,558,740	$9,964,328
2024	$54,662,857	$40,222,021	$80,180,128	$14,440,836
2023	$56,075,607	$43,799,304	$68,879,851	$12,276,303
2022	$54,242,990	$39,650,281	$57,255,612	$14,592,709
2021	$47,927,379	$37,334,051	$39,393,726	$10,593,328
2020	$45,149,338	$37,828,864	$28,980,043	$7,320,474
2019	$38,698,809	$33,446,139	$17,197,317	$5,252,670
2018	$36,002,653	$38,548,526	$14,754,732	$-2,545,873

IRI INNOVATIVE RESOURCES FOR INDEPENDENCE INC