INDEPENDENT LIVING PROPERTIES INC (EIN 272566167) - 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

2010

Legal Domicile

Principal Officer

WILLIE GREEN

Phone

5043651301

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENT LIVING PROPERTIES INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $318K in total revenue in fiscal year 2024. The organization ran a surplus of $92K, a strong 29% operating margin.

Mission

THE MISSION OF INDEPENDENT LIVING IS TO HOLD TITLE TO PROPERTY, COLLECT RENTS AND REMIT ANY EXCESS OF THE REVENUES MINUS EXPENSES TO GULF COAST TEACHING FAMILY SERVICES, INC., A 501(C)(3) ORGANANIZATION

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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 $0

Program Service Revenue $0

Investment Income $165

Other Revenue $317,700

TOTAL REVENUE $317,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $225,743

TOTAL EXPENSES $225,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$317,865	$317,700	+0.0%
Expenses	$225,743	$246,842	-0.1%
Net Income	$92,122	$70,858	+0.3%

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
MARCUS ALEXANDER	PRESIDENT & DIRECTOR	2.00	Director	$0	$0	$0
JEFF KURTZ	SECRETARY & DIRECTOR	2.00	Director	$0	$0	$0
BRANDY LIRETTE	TREASURER & DIRECTOR	2.00	Director	$0	$0	$0
WILLIE GREEN	REGISTERED AGENT/OFFICER	2.00	Officer	$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
2025	$317,865	$225,743	$4,882,892	$92,122
2024	$317,700	$246,842	$4,615,104	$70,858
2023	$320,398	$246,424	$4,374,563	$73,974
2022	$317,700	$219,086	$4,063,225	$98,614
2021	$317,700	$199,163	$3,759,620	$118,537
2020	$317,700	$185,414	$3,504,629	$132,286
2019	$317,702	$187,180	$3,282,039	$130,522
2018	$317,704	$189,699	$3,032,257	$128,005

INDEPENDENT LIVING PROPERTIES INC