TEXAS STATE INDEPENDENT LIVING COUNCIL (EIN 311582797) - 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

1997

Legal Domicile

Principal Officer

JANET SHARKIS

Phone

5123717353

Tax Period

2023-09-01 to 2024-08-31

TEXAS STATE INDEPENDENT LIVING COUNCIL, founded in 1997, is a small nonprofit in the Health Care sector that reported $563K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

TO ENSURE THAT ALL TEXANS WITH DISABILITIES HAVE ACCESS TO QUALITY INDEPENDENT LIVING SERVICES BY PROVIDING A FRAMEWORK FOR SERVICE DELIVERY. THE SILC UPHOLDS THE PRINCIPLES OF THE INDEPENDENT LIVING MOVEMENT: PEER SUPPORT, SELF-HELP, SELF-DETERMINATION, EQUALITY AND POSITIVE SYSTEMIC CHANGE.

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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 $562,662

Program Service Revenue $0

Investment Income $0

Other Revenue $1

TOTAL REVENUE $562,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $365,463

Fundraising Expenses $0

Program Expenses $386,413

Other Expenses $236,017

TOTAL EXPENSES $601,480

Year-over-Year Comparison

	2023	2022	Change
Revenue	$562,663	$705,281	-0.2%
Expenses	$601,480	$674,777	-0.1%
Net Income	$-38,817	$30,504	-2.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNIE NOTARGIACOMO	EX-OFFICIO	1.00	Director	$0	$0	$0
MELVA HENDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JUANITA J WEBBER	EX-OFFICIO	1.00	Director	$0	$0	$0
ERIK DALLY	CHAIR	2.00	Officer Director	$0	$0	$0
HEISHA FREEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL GARRETT	TREASURER	2.00	Officer Director	$0	$0	$0
JOSEPH ROGERS	CIL REPRESENTATIVE	1.00	Director	$0	$0	$0
REBECCA HUNTER ADKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID JAMES LUNT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICK DANIEL STURDIVANT	BOARD MEMBER	1.00	Director	$0	$0	$0
TIFFANY WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA MCGRATH	EX-OFFICIO	1.00	Director	$0	$0	$0
LISA THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIN AMANDA BOWDOIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET SHARKIS	EXECUTIVE DIRECTOR (AS OF 5/16/24)	40.00	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	$562,663	$601,480	$71,439	$-38,817
2023	$705,281	$674,777	$106,320	$30,504
2022	$787,870	$756,296	$87,207	$31,574
2021	$896,030	$923,355	$139,421	$-27,325
2020	$865,065	$874,222	$72,782	$-9,157
2019	$816,575	$819,320	$93,927	$-2,745
2018	$587,436	$617,037	$81,745	$-29,601

TEXAS STATE INDEPENDENT LIVING COUNCIL