INDEPENDENCE CAY INC (EIN 264290105) - 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

2009

Legal Domicile

Principal Officer

MARJORIE ROBERTS

Phone

3057433121

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENCE CAY INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $149K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $132K left a modest 12% surplus.

Mission

INDEPENDENCE CAY PROVIDES A DAILY SOUP KITCHEN ( 7 DAYS PER WEEK) SHOWERS AND LAUNDRY FACILITIES FOR HOMELESS MEN AND WOMEN. THE SOUP KITCHEN SERVES AN AVERAGE OF 35-45 INDIVIDUALS PER DAY. SHOWER AND LAUNDRY FACILITIES SERVE AN AVERAGE OF 12-15 INDIVIDUALS PER DAY.IN ADDITION TRANSITIONAL HOUISING IS PROVIDED FOR UP TO TWELVE ( 12) MEN AT A TIME.

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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 $109,495

Program Service Revenue $39,776

Investment Income $14

Other Revenue $0

TOTAL REVENUE $149,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,723

Fundraising Expenses $0

Program Expenses $131,619

Other Expenses $118,896

TOTAL EXPENSES $131,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$149,285	$123,980	+0.2%
Expenses	$131,619	$132,031	0.0%
Net Income	$17,666	$-8,051	-3.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV DEBRA ANDREW MACONAUGHEY	DIRECTOR	N/A	Director	$0	$0	$0
MARJORIE ROBERTS	EXECUTIVE DI	N/A	Officer	$0	$0	$0
T J PATTERSON	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL PUTO	CHAIR	N/A	Officer Director	$0	$0	$0
RYAN ELWELL	DIRECTOR	N/A	Director	$0	$0	$0
TERRY LYNN KELLEY	VICE CHAIR	N/A	Officer Director	$0	$0	$0
PHYLLIS MICHAELIS	SECRETARY /T	N/A	Officer Director	$0	$0	$0
KEITH HARRIS	DIRECTOR	N/A	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	$149,285	$131,619	$116,687	$17,666
2023	$123,980	$132,031	$99,021	$-8,051
2022	$129,712	$136,276	$107,072	$-6,564
2021	$159,120	$138,050	$112,930	$21,070
2020	$133,833	$127,547	$89,325	$6,286
2019	$137,847	$135,931	$83,033	$1,916
2018	$178,059	$141,023	$101,646	$37,036

INDEPENDENCE CAY INC