INDEPENDENT CHOICES INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $527,563 Revenue: $639,530

PROVIDE IN-HOME LIVING SUPPORT TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. SUPPORT PROVIDED INCLUDES: HELP WITH DAILY DECISION MAKING, BALANCING FINANCES, PAYING BILLS, SHOPPING, AND TO INCREASE THE INDIVIDUAL'S INTERACTION IN THE COMMUNITY. THE SUPPORT NEEDS OF THE INDIVIDUAL, WHO WHILE DEVELOPMENTALLY DISABLED, IS STILL ABLE TO LIVE ON THEIR OWN, WORK, ETC. THE GOAL IS TO INCREASE THE PUBLIC EXPOSURE AND THE SELF-CONFIDENCE OF THE INDIVIDUAL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$31,200

Key Employees

Highest Compensated

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