VOICES FOR INDEPENDENCE (EIN 251727199) - 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

SHONA EAKIN

Phone

8148740064

Tax Period

2024-07-01 to 2025-06-30

VOICES FOR INDEPENDENCE, founded in 1993, is a mid-sized nonprofit in the Education sector that reported $20.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $18.5M left a modest 8% surplus.

Mission

THE MISSION OF VOICES FOR INDEPENDENCE IS TO EMPOWER PEOPLE WITH DISABILITIES TO ATTAIN, MAINTAIN AND IMPROVE THE QUALITY, INDEPENDENCE, DIGNITY AND CONTROL OF THEIR LIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,501,746

Program Service Revenue $18,089,542

Investment Income $352,450

Other Revenue $49,326

TOTAL REVENUE $19,993,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,769,725

Fundraising Expenses $182,290

Program Expenses $14,206,006

Other Expenses $11,698,967

TOTAL EXPENSES $18,468,692

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,993,064	$17,707,843	+0.1%
Expenses	$18,468,692	$17,032,346	+0.1%
Net Income	$1,524,372	$675,497	+1.3%

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

198

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

$414,421

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY A HERTZOG	CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT BACH	V CHAIR THRU	1.00	Officer Director	$0	$0	$0
BROOK WARD	TREASURER	1.00	Officer Director	$0	$0	$0
KEITH KLINK	SEC THRU 10/	1.00	Officer Director	$0	$0	$0
DAVID TOME	DIRECTOR	1.00	Director	$0	$0	$0
LARRY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
PAUL SONSON	SECRETARY	1.00	Officer	$0	$0	$0
DARLENE WOLFORD	DIRECTOR	1.00	Director	$0	$0	$0
CATHI MITCHELL	DIR THRU 6/1	1.00	Director	$0	$0	$0
SHONA EAKIN	CEO	19.50	Officer	$214,510	$21,857	$236,367
STACY KEMMLER	CFO	19.50	Officer	$154,537	$23,517	$178,054

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	$19,993,064	$18,468,692	$12,981,402	$1,524,372
2024	$17,707,843	$17,032,346	$11,756,415	$675,497
2023	$23,254,674	$23,238,658	$11,150,687	$16,016
2022	$20,276,084	$20,643,822	$11,834,971	$-367,738
2021	$20,196,394	$22,161,030	$11,823,315	$-1,964,636
2020	$19,121,114	$20,345,772	$13,161,070	$-1,224,658
2019	$19,107,571	$18,462,226	$14,937,334	$645,345

VOICES FOR INDEPENDENCE