HARLEM INDEPENDENT LIVING CENTER INC (EIN 133642449) - 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

1997

Legal Domicile

Principal Officer

KEITH TAYLOR

Phone

2122227122

Tax Period

2023-10-01 to 2024-09-30

HARLEM INDEPENDENT LIVING CENTER INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $718K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

THE HARLEM INDEPENDENT LIVING CENTER (HILC) IS A NOT FOR PROFIT ORGANIZATION COMMITTED TO WORKING WITH THE DISABLED POPULATION IN THE COMMUNITY BY ADVOCATING ON THEIR BEHALF FOR BENEFITS, HOUSING AND VOCATIONAL/EDUCATIONAL OPPORTUNITY.

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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 $643,344

Program Service Revenue $74,301

Investment Income $0

Other Revenue $0

TOTAL REVENUE $717,645

Expense Breakdown

Grants Paid $0

Salaries & Benefits $426,515

Fundraising Expenses $0

Program Expenses $587,802

Other Expenses $288,308

TOTAL EXPENSES $714,823

Year-over-Year Comparison

	2023	2022	Change
Revenue	$717,645	$607,722	+0.2%
Expenses	$714,823	$603,287	+0.2%
Net Income	$2,822	$4,435	-0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH TAYLOR	PRESIDENT	10.00	Officer Director	$0	$0	$0
SUSAN XENARIOS	SECRETARY	10.00	Officer Director	$0	$0	$0
LESLIE BRIGHT	TREASURER	10.00	Officer Director	$0	$0	$0
PATRICIA WILLIAMS	MEMBER-EMERITUS	10.00	Director	$0	$0	$0
MARCUS D JOHNSON	MEMBER	10.00	Director	$0	$0	$0
ANTHONY BROWN	MEMBER	0.00	Director	$0	$0	$0
MAXINE BEARY	MEMBER(ADVISORY)	0.00	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
2024	$717,645	$714,823	$1,241,585	$2,822
2023	$607,722	$603,287	$812,812	$4,435
2022	$772,866	$840,251	$529,319	$-67,385
2021	$653,952	$704,999	$612,722	$-51,047
2020	$588,166	$566,387	$590,292	$21,779
2019	$557,471	$551,287	$300,967	$6,184
2018	$582,866	$523,982	$307,925	$58,884

HARLEM INDEPENDENT LIVING CENTER INC