TOWARD INDEPENDENCE INC (EIN 310856399) - 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

1975

Legal Domicile

Principal Officer

JOSEPH HARMON

Phone

9373763996

Tax Period

2023-01-01 to 2023-12-31

TOWARD INDEPENDENCE INC, founded in 1975, is a mid-sized nonprofit in the Human Services sector that reported $17.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

TO EMPOWER PEOPLE WITH DEVELOPMENTAL DISABILITIES TO EXPERIENCE THE FULLEST LIFE POSSIBLE BY PROVIDING PERSON-CENTERED SUPPORTS WHICH ENABLE THEM TO INTEGRATE INTO A VARIETY OF SETTINGS WITHIN THEIR COMMUNITY

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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 $145,192

Program Service Revenue $15,497,605

Investment Income $453,780

Other Revenue $1,187,020

TOTAL REVENUE $17,283,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,841,514

Fundraising Expenses $17,926

Program Expenses $15,246,769

Other Expenses $3,302,059

TOTAL EXPENSES $18,143,573

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,283,597	$18,415,395	-0.1%
Expenses	$18,143,573	$16,721,262	+0.1%
Net Income	$-859,976	$1,694,133	-1.5%

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

468

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

$299,742

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR SHASHI SHARMA	MEMBER	2.00	Director	$0	$0	$0
DR MARY ROSE ZINK	MEMBER	2.00	Director	$0	$0	$0
JAN YOUNG	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
KATHY RENTZ	MEMBER	2.00	Director	$0	$0	$0
ANNE GERARD	MEMBER	2.00	Director	$0	$0	$0
SAKUL GUPTA	SECRETARY	2.00	Officer Director	$0	$0	$0
PAUL OSTERFELD	CHAIR	2.00	Officer Director	$0	$0	$0
ADAM WEBBER	MEMBER	2.00	Director	$0	$0	$0
ROBERT NOVAK	TREASURER	2.00	Officer Director	$0	$0	$0
MARK SCHLATER	CHIEF EXECUTIVE	40.00	Officer	$276,014	$23,728	$299,742
JOSEPH HARMON	CHIEF OPERATIONS OFFICER	40.00	Highest	$134,667	$16,539	$151,206
DIANNE ANDERSON-BROWN	DSP	40.00	Highest	$100,351	$71	$100,422
RUNETTE WILSON	SUPERVISOR	40.00	Highest	$100,832	$1,381	$102,213

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	$17,283,597	$18,143,573	$16,907,822	$-859,976
2022	$18,415,395	$16,721,262	$17,713,165	$1,694,133
2021	$18,762,995	$16,236,271	$16,397,880	$2,526,724
2020	$19,513,652	$15,885,197	$16,072,501	$3,628,455
2019	$15,459,409	$14,616,804	$10,246,980	$842,605
2018	$15,048,598	$14,728,527	$9,506,252	$320,071

TOWARD INDEPENDENCE INC