RESOURCES FOR INDEPENDENT LIVING INC

EIN: 223314082 501(c)(3) Education

BURLINGTON, NJ

Total Revenue
$5,440,677
Total Expenses
$6,024,692
Total Assets
$4,664,234
Net Assets
$1,745,128
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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
1994
Legal Domicile
NJ
Principal Officer
LISA KILLON-SMITH
Phone
6097477745
Tax Period
2023-10-01 to 2024-09-30

RESOURCES FOR INDEPENDENT LIVING INC, founded in 1994, is a community nonprofit in the Education sector that reported $5.4M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $6.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO ADVOCATE FOR PERSONS WITH DISABILITIES.

Program Service Accomplishments

Program 1
Expenses: $5,136,456

SERVES AS AN ADVOCATE FOR PERSONS WITH DISABILITIES BY ESTABLISHING SYSTEMS FOR TRAINING FOR INDEPENDENT LIVING AND FAMILY AND COMMUNITY EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,440,388
Program Service Revenue $0
Investment Income $289
Other Revenue $0
TOTAL REVENUE $5,440,677

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,443,752
Fundraising Expenses $15,634
Program Expenses $5,136,456
Other Expenses $1,580,940
TOTAL EXPENSES $6,024,692

Year-over-Year Comparison

2023 2022 Change
Revenue $5,440,677 $4,601,481 +0.2%
Expenses $6,024,692 $3,752,405 +0.6%
Net Income $-584,015 $849,076 -1.7%
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
82
Volunteers
3

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
5
$167,047
Total Directors
7
$167,047
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA KILLON-SMITH EXECUTIVE DI 40.00
Officer Director
$167,047 $0 $167,047
MELANIE AYERS SECRETARY 1.00
Officer Director
$0 $0 $0
PATTY BOMBA VICE CHAIR 1.00
Officer Director
$0 $0 $0
CHARLES HASSLER CHAIRMAN 1.00
Officer Director
$0 $0 $0
FRANK HENZ MEMBER AT LA 1.00
Director
$0 $0 $0
BRANDON HILL MEMBER AT LA 1.00
Director
$0 $0 $0
TRISHA HILL TREASURER 1.00
Officer 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
2024 $5,440,677 $6,024,692 $4,664,234 $-584,015
2023 $4,601,481 $3,752,405 $2,513,003 $849,076
2022 $3,434,538 $2,685,887 $1,569,104 $748,651
2021 $1,944,544 $1,958,704 $808,813 $-14,160
2020 $2,036,657 $1,667,658 $854,029 $368,999
2019 $1,656,493 $1,634,174 $558,510 $22,319
2018 $1,332,811 $1,477,382 $488,369 $-144,571
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