INDEPENDENCE SQUARE FOUNDATION (EIN 222527265) - 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

1984

Legal Domicile

Principal Officer

JOHN J PADIEN III

Phone

4017820450

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENCE SQUARE FOUNDATION, founded in 1984, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Expenses of $2.1M exceeded revenue, resulting in a 19% operating deficit.

Mission

INDEPENDENCE SQUARE FOUNDATION, INC. IS A NON-PROFIT MANAGEMENT ORGANIZATION DEDICATED TO PROVIDING NON-PROFIT CARE-GIVER ORGANIZATIONS WITH THE KIND OF FIRST CLASS WORK ENVIRONMENTS AND FACILITIES THAT THEY DESERVE BUT MAY NOT BE ABLE TO AFFORD ON THEIR OWN.

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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 $0

Program Service Revenue $1,838,369

Investment Income $-86,021

Other Revenue $3,392

TOTAL REVENUE $1,755,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $535,802

Fundraising Expenses $0

Program Expenses $1,098,412

Other Expenses $1,559,234

TOTAL EXPENSES $2,095,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,755,740	$1,834,921	0.0%
Expenses	$2,095,036	$2,008,244	+0.0%
Net Income	$-339,296	$-173,323	+1.0%

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

$244,391

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK SACCOCCIO	TREASURER	0.50	Officer Director	$0	$0	$0
WILLIAM J SZAFAROWICKZ	PRESIDENT	0.50	Officer Director	$0	$0	$0
MICHEL R BENOIT	DIRECTOR	0.50	Director	$0	$0	$0
PAUL M DEPACE	DIRECTOR	0.50	Director	$0	$0	$0
HENRIQUE T PEDRO	SECRETARY	0.50	Officer Director	$0	$0	$0
THOMAS E HODGE	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH L SABATINO	DIRECTOR	0.50	Director	$0	$0	$0
JOHN J PADIEN III	EXECUTIVE DIRECTOR	30.00	Officer	$244,391	$0	$244,391

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	$1,755,740	$2,095,036	$8,792,214	$-339,296
2023	$1,834,921	$2,008,244	$9,231,337	$-173,323
2022	$1,793,257	$1,860,574	$9,128,284	$-67,317
2021	$2,506,000	$1,839,992	$9,396,221	$666,008
2020	$1,742,746	$1,728,925	$8,935,644	$13,821
2019	$1,667,167	$1,746,548	$8,324,273	$-79,381
2018	$1,644,937	$1,729,993	$8,671,844	$-85,056

INDEPENDENCE SQUARE FOUNDATION