INDEPENDENCE HOUSE LLC (EIN 320056642) - 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

2003

Legal Domicile

Principal Officer

PERRY VIETTI

Phone

3122748200

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENCE HOUSE LLC, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $490K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $671K exceeded revenue, resulting in a 37% operating deficit.

Mission

THE ORGANIZATION OWNS AND OPERATES A RESIDENTIAL FACILITY PRIMARILY FOR LOW-INCOME FAMILIES.

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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 $486,268

Investment Income $3,654

Other Revenue $0

TOTAL REVENUE $489,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,223

Fundraising Expenses $0

Program Expenses $658,590

Other Expenses $473,182

TOTAL EXPENSES $671,405

Year-over-Year Comparison

	2024	2023	Change
Revenue	$489,922	$910,814	-0.5%
Expenses	$671,405	$577,533	+0.2%
Net Income	$-181,483	$333,281	-1.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARENCE L SMITH	CHAIRMAN	1.00	Director	$0	$0	$0
PERRY VIETTI	PRESIDENT & CEO	1.00	Officer	$0	$0	$0
CALVIN HOLMES	SECRETARY	1.00	Officer	$0	$0	$0
CATHERINE GALLIGAN	TREASURER/CFO	1.00	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	$489,922	$671,405	$3,414,782	$-181,483
2023	$910,814	$577,533	$3,573,983	$333,281
2022	$411,879	$632,876	$3,275,274	$-220,997
2021	$540,945	$721,247	$3,442,120	$-180,302
2020	$535,734	$679,879	$3,560,505	$-144,145
2019	$501,501	$576,937	$3,666,970	$-75,436
2018	$378,097	$592,705	$3,843,642	$-214,608

INDEPENDENCE HOUSE LLC