INDEPENDENT LIVING 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

1987

Legal Domicile

Principal Officer

DOUGLAS HOVEY

Phone

8455651162

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT LIVING INC, founded in 1987, is a community nonprofit in the Human Services sector that reported $9.5M in total revenue in fiscal year 2023. Expenses of $9.2M left a modest 4% surplus.

Mission

TO PROVIDE SERVICES TO DISABLED INDIVIDUALS TO ENABLE THEM TO LIVE INDEPENDENTLY.

Program Service Accomplishments

Program 1

Expenses: $2,722,273 Revenue: $74,416

MENTAL HEALTH SERVICES - OUR COMMITMENT TO PERSONS WITH PSYCHIATRIC DISABILITIES BEGAN IN 1987 WHEN OUR DOORS FIRST OPENED. TODAY, WE OFFER A WIDE RANGE OF SERVICES MANY OF WHICH ARE PROVIDED BY...

MENTAL HEALTH SERVICES - OUR COMMITMENT TO PERSONS WITH PSYCHIATRIC DISABILITIES BEGAN IN 1987 WHEN OUR DOORS FIRST OPENED. TODAY, WE OFFER A WIDE RANGE OF SERVICES MANY OF WHICH ARE PROVIDED BY INDIVIDUALS WHO ARE THEMSELVES EITHER CURRENT OR FORMER SERVICE RECIPIENTS. SERVED 2,345 PEOPLE IN 2023.

Program 2

Expenses: $980,269

ACCES-VR INDEPENDENT LIVING CENTER GRANTS - FUNDING PROVIDED TO PROVIDE CORE DISABILITY & ADVOCACY RELATED SERVICES THAT ARE CRITICALLY IMPORTANT TO FOSTERING MOTIVATION, INDEPENDENCE...

ACCES-VR INDEPENDENT LIVING CENTER GRANTS - FUNDING PROVIDED TO PROVIDE CORE DISABILITY & ADVOCACY RELATED SERVICES THAT ARE CRITICALLY IMPORTANT TO FOSTERING MOTIVATION, INDEPENDENCE, SELF-DIRECTION, EMPLOYMENT, SOCIAL INTEGRATION, COMMUNITY PARTICIPATION AND THE ELIMINATION OF ATTITUDINAL, PHYSICAL, AND SYSTEMIC BARRIERS. SERVED 1,414 PEOPLE IN 2023.

Program 3

Expenses: $1,007,910

OASAS REGIONAL RECOVERY PROGRAMS - FUNDING PROVIDED TO PROVIDE A SAFE, WELCOMING & ALCOHOL/DRUG FREE CENTER FOR ANY MEMBER OF THE COMMUNITY. THE PROGRAM COVERS SEVEN COUNTIES AND RECOVERY COACHES AND VOLUNTEERS WITH LIVED EXPERIENCES PROVIDE GUIDANCE, SUPPORT, AND ENCOURAGEMENT PROVIDING RECOVERY AND VOCATIONAL SUPPORT ALONG WITH SOBER SOCIAL ACTIVITIES AND COMMUNITY CONNECTIONS. SERVED 214 PEOPLE IN 2023.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,841,923

Program Service Revenue $753,372

Investment Income $4,970

Other Revenue $1,926,734

TOTAL REVENUE $9,526,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,141,076

Fundraising Expenses $0

Program Expenses $8,471,302

Other Expenses $3,029,986

TOTAL EXPENSES $9,171,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,526,999	$9,189,531	+0.0%
Expenses	$9,171,062	$8,847,391	+0.0%
Net Income	$355,937	$342,140	+0.0%

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

162

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

$388,842

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER SEGAR	TREASURER	0.50	Officer Director	$0	$0	$0
AUDREY LARK	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW WEYANT	DIRECTOR	0.50	Director	$0	$0	$0
COLIN JARVIS	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH J RANNI	CHAIR	0.50	Officer Director	$0	$0	$0
THOMAS W GORDON	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS SYLCOX	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM THORPE	DIRECTOR	0.50	Director	$0	$0	$0
KATE MALKAN	SECRETARY (THRU APR 2023)	0.50	Officer Director	$0	$0	$0
DOUGLAS HOVEY	PRESIDENT AND CHIEF EXECUT	14.00	Officer	$240,939	$14,760	$255,699
SARAN CAMARA	CHIEF FINANCIAL OFFICER	14.00	Officer	$75,198	$0	$75,198
EMILY ROBISCH	CHIEF FINANCIAL OFFICER	14.00	Officer	$57,945	$0	$57,945
SHANNON ZAWISKI	CHIEF OPERATING OFFICER	14.00	Highest	$102,670	$29,822	$132,492

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	No data	No data	No data	No data
2023	$9,526,999	$9,171,062	$6,331,815	$355,937
2022	$9,189,531	$8,847,391	$5,596,479	$342,140
2021	$8,227,344	$8,130,753	$5,126,715	$96,591
2020	$7,293,137	$7,224,675	$5,272,134	$68,462
2019	$8,276,183	$8,224,887	$4,501,151	$51,296
2018	$8,221,743	$8,075,516	$4,536,992	$146,227