INDEPENDENCE WORKS INC

EIN: 203383117 501(c)(3) Human Services

DOVER, NH

Total Revenue
$2,192,684
Total Expenses
$2,310,876
Total Assets
$486,329
Net Assets
$278,712
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
FL
Principal Officer
STEPHEN A WOOD
Phone
6037494504
Tax Period
2024-07-01 to 2025-06-30

INDEPENDENCE WORKS INC, founded in 2005, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

TO HELP PERSONS WITH DISABILITIES AND THOSE AT-RISK SUCCESSFULLY INTEGRATE INTO THEIR COMMUNITY AND SERVE AS A SOURCE OF TECHNICAL SUPPORT FOR THOSE SEEKING INDEPENDENCE AND EMPLOYMENT.

Program Service Accomplishments

Program 1
Expenses: $531,258 Revenue: $602,734

EXEMPT PURPOSE ACHIEVEMENTS INCLUDED CLIENTS REACHING EMPLOYMENTSERVICE PROGRAM BENCHMARKS AS FOLLOWS:EMPLOYMENT SERVICES ESP - 249EMPLOYMENT SERVICES PLACEMENTS - 97EMPLOYMENT SERVICES 30 DAYS ON...

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EXEMPT PURPOSE ACHIEVEMENTS INCLUDED CLIENTS REACHING EMPLOYMENTSERVICE PROGRAM BENCHMARKS AS FOLLOWS:EMPLOYMENT SERVICES ESP - 249EMPLOYMENT SERVICES PLACEMENTS - 97EMPLOYMENT SERVICES 30 DAYS ON THE JOB - 89EMPLOYMENT SERVICES 60 DAYS ON THE JOB - 84EMPLOYMENT SERVICES 90 DAYS ON THE JOB - 79

Program 2
Expenses: $492,182 Revenue: $558,400

SUPPORTED EMPLOYMENT SERVICES ACHIEVEMENTS INCLUDED CLIENTS REACHINGPROGRAM BENCHMARKS AS FOLLOWS: SUPPORT EMPLOYMENT CSI - 131 SUPPORTED EMPLOYMENT PLACEMENTS - 46 SUPPORTED EMPLOYMENT 30 DAYS - 45...

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SUPPORTED EMPLOYMENT SERVICES ACHIEVEMENTS INCLUDED CLIENTS REACHINGPROGRAM BENCHMARKS AS FOLLOWS: SUPPORT EMPLOYMENT CSI - 131 SUPPORTED EMPLOYMENT PLACEMENTS - 46 SUPPORTED EMPLOYMENT 30 DAYS - 45 SUPPORTED EMPLOYMENT STABILIZATION - 44 SUPPORTED EMPLOYMENT TRANSITION - 40 SUPPORTED EMPLOYMENT OUTCOME NEW REFERRRALS AFTER 2/21 - 38

Program 3
Expenses: $728,480 Revenue: $826,490

ON THE JOB TRAINING INCLUDED CLIENTS REACHING THE FOLLOWING PROGRAM BENCHMARKS:OJT PLAN AND AGREEMENT - 0OJT PLAN/WLEP - 317OJT AGREEMENT/WLEP - 214OJT WAGES - 0OJT FINAL - 203

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,184,550
Investment Income $8,134
Other Revenue $0
TOTAL REVENUE $2,192,684

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,034,908
Fundraising Expenses $0
Program Expenses $1,925,493
Other Expenses $275,968
TOTAL EXPENSES $2,310,876

Year-over-Year Comparison

2024 2023 Change
Revenue $2,192,684 $1,643,774 +0.3%
Expenses $2,310,876 $1,935,559 +0.2%
Net Income $-118,192 $-291,785 -0.6%
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

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Governance

Voting Members
6
Independent Members
6
Employees
192
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
3
$74,317
Total Directors
6
$74,317
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH LEDDY CHAIRMAN 1.00
Officer Director
$25,000 $0 $25,000
STEPHEN WOOD TREASURER, DIRECTOR 2.00
Officer Director
$25,000 $0 $25,000
GLORIA-JEAN CERRA DIRECTOR 1.00
Director
$0 $0 $0
SEAN GARRICK DIRECTOR 1.00
Director
$0 $0 $0
RYAN MOUNTAIN PRESIDENT 5.00
Officer Director
$24,317 $0 $24,317
PAT LAKEY DIRECTOR 1.00
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
2025 $2,192,684 $2,310,876 $486,329 $-118,192
2024 $1,643,774 $1,935,559 $548,612 $-291,785
2023 $1,745,060 $1,820,562 $867,423 $-75,502
2022 $1,798,472 $1,413,514 $958,994 $384,958
2021 $1,423,189 $1,251,086 $471,993 $172,103
2020 $1,344,804 $1,331,489 $266,564 $13,315
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