INDEPENDENCE INDUSTRIES DBA BEECH TREE APARTMENTS (EIN 310915296) - 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

1978

Legal Domicile

Principal Officer

CATHERINE HENTHORN

Phone

3302394474

Tax Period

2023-10-01 to 2024-09-30

INDEPENDENCE INDUSTRIES DBA BEECH TREE APARTMENTS, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $622K in total revenue in fiscal year 2023. Expenses of $574K left a modest 8% surplus.

Mission

HOUSING FOR ELDERLY AND HANDICAPPED PERSONS

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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 $0

Program Service Revenue $621,106

Investment Income $734

Other Revenue $0

TOTAL REVENUE $621,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,222

Fundraising Expenses $0

Program Expenses $515,295

Other Expenses $473,129

TOTAL EXPENSES $574,351

Year-over-Year Comparison

	2023	2022	Change
Revenue	$621,840	$591,976	+0.1%
Expenses	$574,351	$554,281	+0.0%
Net Income	$47,489	$37,695	+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

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
CATHERINE HENTHORN	PRESIDENT	10.00	Director	$0	$0	$0
ANNETTE CASTO	TREASURER	10.00	Director	$0	$0	$0
SHAR SHINGLER	SECRETARY	10.00	Director	$0	$0	$0
BRENT NIMETH MD	TRUSTEE	5.00	Director	$0	$0	$0
JAMES ZAK	VICE PRESIDENT	5.00	Director	$0	$0	$0
FRED CAROL MD	TRUSTEE	5.00	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	$621,840	$574,351	$634,644	$47,489
2023	$591,976	$554,281	$616,335	$37,695
2022	$567,923	$589,956	$606,167	$-22,033
2021	$570,206	$546,284	$657,048	$23,922
2020	$558,636	$597,405	$646,423	$-38,769
2019	$561,807	$571,578	$645,408	$-9,771
2018	$543,112	$594,568	$694,173	$-51,456

INDEPENDENCE INDUSTRIES DBA BEECH TREE APARTMENTS