Independence A Family of Services Inc (EIN 222093154) - 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

1975

Legal Domicile

Principal Officer

Margaret L Woods

Phone

9735890959

Tax Period

2020-07-01 to 2021-06-30

Independence A Family of Services Inc, founded in 1975, is a small nonprofit that reported $820K in total revenue in fiscal year 2020. Revenue decreased 19% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 48% operating deficit.

Mission

To create the pathways to success for at-risk and troubles youth and families through innovative programs and services in urban New Jersey.

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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 (2020)

Revenue Breakdown

Contributions & Grants $779,381

Program Service Revenue $0

Investment Income $40,839

Other Revenue $0

TOTAL REVENUE $820,220

Expense Breakdown

Grants Paid $99,900

Salaries & Benefits $768,106

Fundraising Expenses $0

Program Expenses $683,076

Other Expenses $343,001

TOTAL EXPENSES $1,211,007

Year-over-Year Comparison

	2020	2019	Change
Revenue	$820,220	$1,018,610	-0.2%
Expenses	$1,211,007	$1,017,276	+0.2%
Net Income	$-390,787	$1,334	-293.9%

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

$96,641

Total Directors

$52,641

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Margaret L Woods	President & CEO	20.00	Officer Director	$52,641	$0	$52,641
Bryan Lee	COO	16.00	Officer	$44,000	$0	$44,000
Dr Guy C McCombs III	Chairman	2.00	Officer Director	$0	$0	$0
James Longo	Secretary	1.00	Officer Director	$0	$0	$0
Tim Carden	Trustee	1.00	Director	$0	$0	$0
Everett M Johnson Esq	Treasurer	1.00	Officer Director	$0	$0	$0
Flora Ramos	Trustee	1.00	Director	$0	$0	$0
George Williams	Trustee	1.00	Director	$0	$0	$0
Reginald Jenkins Jr Esq	Trustee	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
2021	$820,220	$1,211,007	$538,421	$-390,787

Independence A Family of Services Inc