LIVING INDEPENDENTLY FOREVER INC (EIN 223190452) - 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

1993

Legal Domicile

Principal Officer

CHERYL EVANS

Phone

5087903600

Tax Period

2023-07-01 to 2024-06-30

LIVING INDEPENDENTLY FOREVER INC, founded in 1993, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.1M in total revenue in fiscal year 2023.

Mission

LIVING INDEPENDENTLY FOREVER, INC (LIFE) IS DEDICATED TO SERVING THE LIFE-LONG NEEDS OF ADULTS WITH SIGNIFICANT LEARNING DISABILITIES WITHIN OUR RESIDENTIAL COMMUNITIES. LIFE IS COMMITTED TO PROVIDING THESE MEN AND WOMEN WITH THE EDUCATION AND OPPORTUNITIES TO DEVELOP THEIR PERSONAL AND VOCATIONAL/OCCUPATIONAL SKILLS TO THEIR MAXIMUM POTENTIAL, AND TO SUPPORT THEM APPROPRIATELY IN INDEPENDENT AND GROUP LIVING.

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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 $8,422,402

Program Service Revenue $3,497,059

Investment Income $185,607

Other Revenue $11,198

TOTAL REVENUE $12,116,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,251,045

Fundraising Expenses $139,132

Program Expenses $10,757,979

Other Expenses $3,063,561

TOTAL EXPENSES $12,314,606

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,116,266	$12,110,842	+0.0%
Expenses	$12,314,606	$12,458,205	0.0%
Net Income	$-198,340	$-347,363	-0.4%

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

238

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

$414,624

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER BARRETT	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ANN DIVER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SHARON ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN BARNEY	DIR(UNT 1/24),INTERIM ED(EFF 1/24)	40.00	Officer Director	$0	$0	$0
PETER CONWAY	DIRECTOR	1.00	Director	$0	$0	$0
MARIANNA CROWLEY	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF EDELSON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD FLYNT	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN HAMMOND	DIRECTOR (UNTIL 4/24)	1.00	Director	$0	$0	$0
FRED MISILO	DIRECTOR	1.00	Director	$0	$0	$0
LEN OREMLAND	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA ROSIELLO	DIRECTOR	1.00	Director	$0	$0	$0
KEN SILVERSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
TIM SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CORNELIA SUSKIND	DIRECTOR	1.00	Director	$0	$0	$0
AMY WEINSTOCK	DIRECTOR (UNTIL 4/24)	1.00	Director	$0	$0	$0
DIANE ENOCHS	EXEC DIR. (UNTIL 1/24)	40.00	Officer	$191,474	$32,328	$223,802
JENNIFER HAMM	DIRECTOR OF FINANCE	40.00	Officer	$91,084	$33,077	$124,161
LINDA WHITE	CLERK	35.00	Officer	$43,681	$22,980	$66,661

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	$12,116,266	$12,314,606	$12,724,859	$-198,340
2023	$12,110,842	$12,458,205	$13,042,029	$-347,363
2022	$11,161,517	$10,339,868	$12,671,505	$821,649
2021	$10,857,981	$9,066,626	$12,273,693	$1,791,355
2020	$8,842,944	$8,527,694	$11,332,100	$315,250
2019	$7,655,316	$7,251,348	$9,722,149	$403,968
2018	$6,423,137	$6,061,008	$8,844,401	$362,129

LIVING INDEPENDENTLY FOREVER INC