REACHING FOR INDEPENDENCE INC

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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

2005

Legal Domicile

Phone

7075063044

Tax Period

2024-01-01 to 2024-12-31

REACHING FOR INDEPENDENCE INC, founded in 2005, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2024.

Mission

TO ASSIST THE PEOPLE WE SERVE TO ACHIEVE A MEANINGFUL AND PRODUCTIVE LIFESTYLE WITH EMPOWERMENT AND DIGNITY.

Program Service Accomplishments

Program 1

Expenses: $1,973,109 Revenue: $1,948,113

COMMUNITY-BASED DAY PROGRAM FOR ADULTS WITH INTELLECTUAL DISABILITIES THAT PROVIDES OPPORTUNITIES FOR EMPLOYMENT AND INDEPENDENT LIVING SKILLS. IN 2023, THE ORGANIZATION SERVED AN AVERAGE OF 50...

COMMUNITY-BASED DAY PROGRAM FOR ADULTS WITH INTELLECTUAL DISABILITIES THAT PROVIDES OPPORTUNITIES FOR EMPLOYMENT AND INDEPENDENT LIVING SKILLS. IN 2023, THE ORGANIZATION SERVED AN AVERAGE OF 50 DIFFERENT CLIENTS EACH MONTH.

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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 $66,862

Program Service Revenue $2,060,280

Investment Income $33,200

Other Revenue $606

TOTAL REVENUE $2,160,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,699,415

Fundraising Expenses $0

Program Expenses $1,973,109

Other Expenses $558,807

TOTAL EXPENSES $2,258,222

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,160,948	$2,067,814	+0.0%
Expenses	$2,258,222	$2,059,701	+0.1%
Net Income	$-97,274	$8,113	-13.0%

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

$287,942

Total Directors

$116,258

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY GIACOMINI	Treasurer	40.00	Officer Director	$103,290	$12,968	$116,258
JEFF POCKETT	Executive Dir.	40.00	Officer	$106,927	$5,370	$112,297
LIZ DECK	BOOKKEEPER	40.00	Officer	$56,866	$2,521	$59,387
RUTH DEKAT	Secretary	1.00	Officer Director	$0	$0	$0
DENNIS HALLIGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH BROWNELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MARISSA AMBROSINI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEANA MCLEANDON	BOARD MEMBER	0.00	Director	$0	$0	$0
MATT EBERHARDT	CHAIRPERSON	1.00	Officer 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	No data	No data	No data	No data
2024	$2,160,948	$2,258,222	$2,053,333	$-97,274
2023	$2,067,814	$2,059,701	$2,096,895	$8,113
2022	$1,796,019	$1,900,484	$2,165,410	$-104,465
2021	$2,172,877	$1,658,144	$1,686,339	$514,733
2021	$2,172,877	$1,203,878	$2,327,889	$968,999
2020	$1,988,819	$1,476,411	$1,640,685	$512,408
2020	$1,988,819	$1,663,695	$1,453,401	$325,124
2019	$1,819,770	$1,825,451	$571,331	$-5,681
2018	$1,838,737	$1,943,256	$538,572	$-104,519