Independent Communities Inc (EIN 311653309) - 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

1999

Legal Domicile

Phone

4042752221

Tax Period

2024-07-01 to 2025-06-30

Independent Communities Inc, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $181K in total revenue in fiscal year 2024. Expenses of $220K exceeded revenue, resulting in a 21% operating deficit.

Mission

PROVIDING HOUSING TO LOW INCOME MOBILITY IMPAIRED PERSONS BY OPERATING A HUD-ASSISTED APARTMENT COMMUNITY REGULATED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT OF 1990.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $187,041

Investment Income $-5,701

Other Revenue $25

TOTAL REVENUE $181,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,073

Fundraising Expenses $0

Program Expenses $189,839

Other Expenses $168,112

TOTAL EXPENSES $220,185

Year-over-Year Comparison

	2024	2023	Change
Revenue	$181,365	$173,545	+0.0%
Expenses	$220,185	$193,308	+0.1%
Net Income	$-38,820	$-19,763	+1.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

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
CURTIS RODGERS	SECRETARY/TREASURER	2.0	Officer Director	$0	$0	$0
JASON SHELLNUT	PRESIDENT	2.0	Officer Director	$0	$0	$0
CHERYL LINDEN	DIRECTOR	2.0	Director	$0	$0	$0
ELLIOTT POAG	DIRECTOR	2.0	Director	$0	$0	$0
MICHAEL OWENS	DIRECTOR	2.0	Director	$0	$0	$0
SARAH MORRISON	DIRECTOR	2.0	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
2025	$181,365	$220,185	$705,768	$-38,820
2024	$173,545	$193,308	$740,397	$-19,763
2023	No data	No data	$790,753	No data
2023	$157,300	$196,192	$772,791	$-38,892
2022	No data	No data	$790,753	No data
2021	$138,747	$142,482	$790,753	$-3,735
2020	$133,237	$130,090	$811,726	$3,147

Independent Communities Inc