INDEPENDENCE VILLAGE INC (EIN 263768393) - 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

2008

Legal Domicile

Principal Officer

MIKE WATKINS

Phone

8504101020

Tax Period

2021-07-01 to 2022-06-30

INDEPENDENCE VILLAGE INC, founded in 2008, is a micro nonprofit in the Housing & Shelter sector that reported $3K in total revenue in fiscal year 2021. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $29K exceeded revenue, resulting in a 855% operating deficit.

Mission

INDEPENDENCE VILLAGE LLC PROVIDES LOW INCOME HOUSING TO 3 POPULATIONS: INDEPENDENT LIVING YOUTH WHO HAVE AGED OUT OF FOSTER CARE AGES 16 TO 22; YOUNG WOMEN WHO ARE PREGNANT OR POST PARTUM; AND YOUTH WHO HAVE AGED OUT OF TRADITIONAL FOSTER CARE BUT DO NOT MEET THE YOUTH AGING OUT OF FOSTER CARE DEMOGRAPHICS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $2,997

Program Service Revenue $0

Investment Income $5

Other Revenue $0

TOTAL REVENUE $3,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,665

Other Expenses $28,665

TOTAL EXPENSES $28,665

Year-over-Year Comparison

	2021	2020	Change
Revenue	$3,002	$243,519	-1.0%
Expenses	$28,665	$250,430	-0.9%
Net Income	$-25,663	$-6,911	+2.7%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$1,017,229

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD PICKETT	PRESIDENT	0.50	Officer Director	$0	$0	$0
PAULINE PATRICK	TREASURER	0.50	Officer Director	$0	$0	$0
KATHY MILTON	SECRETARY	0.50	Officer Director	$0	$0	$0
DR LIZ HOLIFIELD	DIRECTOR	0.50	Director	$0	$0	$0
BAMBI SMITH	DIRECTOR	0.50	Director	$0	$0	$0
GERALD WATERS	DIRECTOR	0.50	Director	$0	$0	$0
REGGIE JOHNS	DIRECTOR	0.50	Director	$0	$0	$0
MARK STAVROS MD	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL BEEDIE	DIRECTOR	0.50	Director	$0	$0	$0
CHARLIE STRICKLAND	DIRECTOR	0.50	Director	$0	$0	$0
KEITH DEAN	DIRECTOR	0.50	Director	$0	$0	$0
REP MICHELLE SALZMAN	DIRECTOR	0.50	Director	$0	$0	$0
MIKE WATKINS	CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$35,522	$540,342
LORI GULLEDGE	CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$31,026	$267,252
COURTNEY STANFORD	CHIEF OPERATIONS OFFICER	0.50	Officer	$0	$10,621	$209,635
CHRISTOPHER MEADOWS	DIRECTOR OF CONTRACT ADMIN	0.50	Highest	$0	$22,795	$139,293
JANICE THOMAS	DIRECTOR OF SYSTEM CARE	0.50	Highest	$0	$15,726	$148,719
RAE KERR	DIRECTOR OF FINANCE AND ACCOUNTING	0.50	Highest	$0	$7,806	$136,475
DAVID DANIELS	ME PROGRAM MANAGER	0.50	Highest	$0	$16,073	$131,846
RALPH HABEN	GENERAL COUNSEL	30.00	Highest	$0	$36,021	$159,157

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
2022	$3,002	$28,665	$209,088	$-25,663
2021	$243,519	$250,430	$216,045	$-6,911
2020	$263,173	$137,709	$216,243	$125,464
2019	$28,643	$1,198,223	$932,682	$-1,169,580
2018	$193,930	$246,567	$2,288,293	$-52,637

INDEPENDENCE VILLAGE INC