CONCERN FOR INDEPENDENT LIVING INC (EIN 237259687) - 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

1973

Legal Domicile

Principal Officer

RALPH FASANO

Phone

6317580474

Tax Period

2023-01-01 to 2023-12-31

CONCERN FOR INDEPENDENT LIVING INC, founded in 1973, is a mid-sized nonprofit in the Mental Health sector that reported $57.9M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $9.8M, a strong 17% operating margin.

Mission

AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES AND TREATMENT PROGRAMS OPERATED TO MEET THE PHYSICAL, EMOTIONAL AND SOCIAL NEEDS OF PERSONS WITH DISABILITIES, VETERANS, HOMELESS AND LOW-INCOME INDIVIDUALS AND FAMILIES.

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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 $37,094,681

Program Service Revenue $13,131,445

Investment Income $1,227,263

Other Revenue $6,495,448

TOTAL REVENUE $57,948,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,167,808

Fundraising Expenses $0

Program Expenses $43,437,654

Other Expenses $22,951,170

TOTAL EXPENSES $48,118,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,948,837	$49,140,523	+0.2%
Expenses	$48,118,978	$44,329,536	+0.1%
Net Income	$9,829,859	$4,810,987	+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

439

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

$879,883

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN COBURN	PRESIDENT	1.50	Officer Director	$0	$0	$0
LISA PIAZZA MD	DIRECTOR	0.20	Director	$0	$0	$0
KRISTIE GOLDEN PHD	DIRECTOR	0.20	Director	$0	$0	$0
RAPHAEL MORGAN	DIRECTOR	0.20	Director	$0	$0	$0
CAROL PERES	DIRECTOR	0.20	Director	$0	$0	$0
ROBERT DETOR	DIRECTOR	0.20	Director	$0	$0	$0
STEPHON HOLLMAN	DIRECTOR	0.20	Director	$0	$0	$0
TIM SMITH	DIRECTOR	0.20	Director	$0	$0	$0
JOAN RUBENSTEIN	VICE PRESIDENT/TREASURER	0.20	Officer Director	$0	$0	$0
RALPH FASANO	EXECUTIVE DIRECTOR	39.80	Officer	$445,369	$70,564	$515,933
ELIZABETH LUNDE	CHIEF OPERATING OFFICER	39.80	Officer	$301,236	$62,714	$363,950
SUSAN CHEW	CONTROLLER	39.50	Highest	$182,518	$57,744	$240,262
JAMES MUTTON	DIRECTOR OF NYC OPERATIONS	39.50	Highest	$150,240	$30,946	$181,186
ELIZABETH WEINBAUM	ASSOCIATE ED OF QUALITY AS	39.50	Highest	$169,374	$55,846	$225,220
ROBIN SMITH	DIRECTOR OF LI PROGRAM OPE	39.50	Highest	$151,542	$42,560	$194,102
SANDRA CARRASQUILLO	ASSOC EXEC DIRECTOR, HR	39.50	Highest	$157,349	$20,071	$177,420

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	$57,948,837	$48,118,978	$145,787,378	$9,829,859
2022	$49,140,523	$44,329,536	$134,032,837	$4,810,987
2021	$51,046,741	$39,619,569	$129,990,843	$11,427,172
2020	$44,151,518	$37,203,670	$120,254,921	$6,947,848
2019	$43,544,760	$34,423,612	$126,633,052	$9,121,148
2018	$39,243,484	$32,663,614	$107,725,978	$6,579,870

CONCERN FOR INDEPENDENT LIVING INC