TACONIC RESOURCES FOR INDEPENDENCE INC (EIN 141692576) - 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

1986

Legal Domicile

Principal Officer

MARILYNN A VETRANO

Phone

8454523913

Tax Period

2023-10-01 to 2024-09-30

TACONIC RESOURCES FOR INDEPENDENCE INC, founded in 1986, is a community nonprofit in the Diseases & Disorders sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 4% surplus.

Mission

TACONIC RESOURCES FOR INDEPENDENCE, INC. (TRI) ADVOCATES FOR THE CIVIL RIGHTS OF INDIVIDUALS WITH DISABILITIES IN DUTCHESS COUNTY AND EMPOWERS THEM TO LEAD SELF-DIRECTED LIVES WITH INDEPENDENCE AND DIGNITY. TRI SERVICES SUPPORT INDIVIDUALS WITH DISABILITIES TO EXPERIENCE FULL INCLUSION AND PARTICIPATION IN ALL ASPECTS OF COMMUNITY LIFE, WHICH ALLOWS THEM TO HAVE EQUAL ACCESS TO THE SAME OPPORTUNITIES AND FREEDOM AS THE GENERAL PUBLIC.

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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 $703,776

Program Service Revenue $1,376,864

Investment Income $7,593

Other Revenue $11

TOTAL REVENUE $2,088,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $920,230

Fundraising Expenses $0

Program Expenses $1,834,495

Other Expenses $1,077,807

TOTAL EXPENSES $1,998,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,088,244	$1,797,023	+0.2%
Expenses	$1,998,037	$1,896,157	+0.1%
Net Income	$90,207	$-99,134	-1.9%

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

$179,095

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARILYNN A VETRANO	PRESIDENT	3.00	Officer Director	$0	$0	$0
KATE MACALUSO LCSW	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
EMILY BRAUN CPA	TREASURER	2.00	Officer Director	$0	$0	$0
CINDY M SMITH	SECRETARY	2.00	Officer Director	$0	$0	$0
DEE DOUGLAS-SMITS	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY ROSALER	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORAH REEVES-DUNCAN	EX OFFICIO	1.00	Director	$0	$0	$0
SAMANTHA SALITURO	RESIGNED JUN	N/A	Director	$0	$0	$0
KAREN FINNEGAN	RESIGNED MAY	N/A	Director	$0	$0	$0
JOHN R VACCA	RESIGNED DEC	N/A	Director	$0	$0	$0
LISA TARRICONE	EXECUTIVE DI	35.00	Officer	$92,657	$14,221	$106,878
JOANNE DELUCA	FINANCE DIRE	35.00	Officer	$72,217	$0	$72,217

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	$2,088,244	$1,998,037	$1,275,125	$90,207
2023	$1,797,023	$1,896,157	$1,231,855	$-99,134
2022	$1,837,906	$1,759,961	$1,019,070	$77,945
2021	$1,916,992	$1,761,105	$1,079,802	$155,887
2020	$1,756,360	$1,749,203	$994,550	$7,157
2019	$2,089,399	$2,022,840	$781,424	$66,559
2018	$1,842,637	$1,789,001	$735,777	$53,636

TACONIC RESOURCES FOR INDEPENDENCE INC