INDEPENDENT CHOICES INC

EIN: 311531645 501(c)(3) Human Services

PORT CLINTON, OH

Total Revenue
$639,530
Total Expenses
$620,176
Total Assets
$15,711
Net Assets
$-14,263
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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
1997
Legal Domicile
OH
Principal Officer
COLE D HATFIELD
Phone
4197320155
Tax Period
2024-01-01 to 2024-12-31

INDEPENDENT CHOICES INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $640K in total revenue in fiscal year 2024. Expenses of $620K left a modest 3% surplus.

Mission

PROVIDE IN-HOME LIVING SUPPORT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $639,530
Investment Income $0
Other Revenue $0
TOTAL REVENUE $639,530

Expense Breakdown

Grants Paid $0
Salaries & Benefits $503,581
Fundraising Expenses $0
Program Expenses $527,563
Other Expenses $116,595
TOTAL EXPENSES $620,176

Year-over-Year Comparison

2024 2023 Change
Revenue $639,530 $625,512 +0.0%
Expenses $620,176 $644,881 0.0%
Net Income $19,354 $-19,369 -2.0%
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

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Governance

Voting Members
3
Independent Members
3
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
2
$0
Total Directors
1
$31,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLE D HATFIELD EXECUTIVE DIRECTOR 1.00
Director
$31,200 $0 $31,200
MICHELE COON PRESIDENT 0.00
Officer
$0 $0 $0
HARRY H EDWARDS TREASURER 0.00
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
2024 $639,530 $620,176 $15,711 $19,354
2023 $625,512 $644,881 $5,463 $-19,369
2022 $556,670 $540,803 $2,317 $15,867
2021 $482,421 $568,497 $6,098 $-86,076
2020 $657,961 $584,381 $76,234 $73,580
2019 $442,674 $446,287 $26,009 $-3,613
2018 $492,585 $498,476 $3,983 $-5,891
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