ENDEPENDENCE PROPERTIES INC (EIN 223874950) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

NICHOLE DAVIS

Phone

7574618007

Tax Period

2023-10-01 to 2024-09-30

ENDEPENDENCE PROPERTIES INC, founded in 2003, is a small nonprofit in the Mental Health sector that reported $171K in total revenue in fiscal year 2017. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $200K exceeded revenue, resulting in a 17% operating deficit.

Mission

ASSISTS A CORPORATION QUALIFIED UNDER SECTION 501(C) 3 TO CARRY OUT ITS DUTIES BY OBTAINING AND PROVIDING REAL PROPERTY NECESSARY TO CARRY OUT ITS PURPOSE AND FUNCTION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2

Other Revenue $156,126

TOTAL REVENUE $156,128

Expense Breakdown

Grants Paid $112,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $112,500

Other Expenses $0

TOTAL EXPENSES $112,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$156,128	$158,201	0.0%
Expenses	$112,500	$150,000	-0.3%
Net Income	$43,628	$8,201	+4.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISBET DULA	PRESIDENT	1.00	Officer Director	$0	$0	$0
MALCOM B HIGGINS	VICE-PRES	1.00	Officer Director	$0	$0	$0
CECILIA SIMMONS	TRESURER	1.00	Officer Director	$0	$0	$0
NICHOLE DAVIS	SECRETARY	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	$156,128	$112,500	$617,381	$43,628
2023	$158,201	$150,000	$635,949	$8,201
2022	$166,669	$125,000	$675,871	$41,669
2021	$135,046	$77,000	$736,564	$58,046
2020	$149,407	$132,000	$768,615	$17,407
2019	$144,797	$150,000	$828,135	$-5,203
2018	$170,671	$200,000	$865,083	$-29,329

ENDEPENDENCE PROPERTIES INC