INDEPENDENT LIVING OPTIONS INC (EIN 310918497) - 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

1977

Legal Domicile

Principal Officer

ROB FESTENSTEIN

Phone

5132412600

Tax Period

2023-07-01 to 2024-06-30

INDEPENDENT LIVING OPTIONS INC, founded in 1977, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Expenses of $2.2M exceeded revenue, resulting in a 10% operating deficit.

Mission

EMPOWERING PEOPLE WITH DISABILITIES TO LIVE INDEPENDENT LIVES IN THE 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 $1,851,447

Program Service Revenue $0

Investment Income $45,665

Other Revenue $58,911

TOTAL REVENUE $1,956,023

Expense Breakdown

Grants Paid $1,083,023

Salaries & Benefits $742,385

Fundraising Expenses $13,353

Program Expenses $2,048,014

Other Expenses $331,003

TOTAL EXPENSES $2,156,411

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,956,023	$1,980,597	0.0%
Expenses	$2,156,411	$2,343,584	-0.1%
Net Income	$-200,388	$-362,987	-0.4%

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

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

$104,647

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL KELLY	PRESIDENT	2.00	Officer Director	$0	$0	$0
RICK TAYLOR	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CLAIR BOYLE	SECRETARY	2.00	Officer Director	$0	$0	$0
ALEN AMINI	TREASURER	2.00	Officer Director	$0	$0	$0
BETSY MANN	BOARD MEMBER	2.00	Director	$0	$0	$0
CAROLYN O'BRYANT	BOARD MEMBER	2.00	Director	$0	$0	$0
MEREDITH WHITEHEAD	BOARD MEMBER	2.00	Director	$0	$0	$0
KARON MALLORY	BOARD MEMBER	2.00	Director	$0	$0	$0
JASON HARRIS	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT HARRIS	BOARD MEMBER	2.00	Director	$0	$0	$0
GENA STONEFILED	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN FLYNN	BOARD MEMBER	2.00	Director	$0	$0	$0
MYRA SAEED	BOARD MEMBER	2.00	Director	$0	$0	$0
ROB FESTENSTEIN	EXECUTIVE DIRECTOR	45.00	Officer	$85,722	$18,925	$104,647

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	No data	No data	No data	No data
2024	$1,956,023	$2,156,411	$1,661,283	$-200,388
2023	$1,980,597	$2,343,584	$1,727,539	$-362,987
2022	$2,646,622	$2,657,688	$2,094,234	$-11,066
2021	$2,729,507	$2,707,212	$2,431,955	$22,295
2020	$2,449,639	$2,531,314	$2,242,247	$-81,675
2019	$2,583,547	$2,712,380	$2,315,109	$-128,833

INDEPENDENT LIVING OPTIONS INC