INDEPENDENCE HEIGHTS INC (EIN 161617489) - 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

2002

Legal Domicile

Principal Officer

LINDA HOLDER

Phone

7135269470

Tax Period

2025-01-01 to 2025-12-31

INDEPENDENCE HEIGHTS INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $397K in total revenue in fiscal year 2025. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $534K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO PROVIDE HOUSING UNITS FOR THE ELDERLY THROUGH A HUD ASSISTANCE PROGRAM.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $395,027

Investment Income $1,333

Other Revenue $316

TOTAL REVENUE $396,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,079

Fundraising Expenses $0

Program Expenses $482,834

Other Expenses $415,342

TOTAL EXPENSES $534,421

Year-over-Year Comparison

	2025	2024	Change
Revenue	$396,676	$548,022	-0.3%
Expenses	$534,421	$784,794	-0.3%
Net Income	$-137,745	$-236,772	-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
LEONARD WILKIN	PRESIDENT	0.50	Officer Director	$0	$0	$0
STEPHANIE GOLDSBY	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JUDI VAN HORN	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
ALICE GRABLE	DIRECTOR	0.50	Director	$0	$0	$0
JOHNATHAN NANTAIS	DIRECTOR	0.50	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
2025	$396,676	$534,421	$2,244,353	$-137,745
2024	$548,022	$784,794	$2,534,155	$-236,772
2023	$413,869	$550,643	$2,506,860	$-136,774
2022	$501,749	$522,333	$2,818,183	$-20,584
2021	$391,814	$461,343	$2,537,925	$-69,529
2020	$395,846	$490,810	$2,632,505	$-94,964
2019	$392,724	$409,437	$2,674,318	$-16,713
2018	$385,046	$460,236	$2,729,823	$-75,190

INDEPENDENCE HEIGHTS INC