INDEPENDENT LIVING PARTNERSHIP (EIN 330464739) - 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

1991

Legal Domicile

Principal Officer

IVET WOOLRIDGE

Phone

9516530740

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENT LIVING PARTNERSHIP, founded in 1991, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 8% surplus.

Mission

THE INDEPENDENT LIVING PARTNERSHIP WORKS TO ENSURE THE INDEPENDENCE AND DIGNITY OF THE ELDERLY AND PERSONS WITH DISABILITIES, THROUGH EDUCATION AND CRITICAL TRANSPORTATION ASSISTANCE.

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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 $1,362,894

Program Service Revenue $0

Investment Income $7,904

Other Revenue $501

TOTAL REVENUE $1,371,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $313,212

Fundraising Expenses $12,886

Program Expenses $1,140,920

Other Expenses $945,708

TOTAL EXPENSES $1,258,920

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,371,299	$1,237,193	+0.1%
Expenses	$1,258,920	$1,251,372	+0.0%
Net Income	$112,379	$-14,179	-8.9%

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

1500

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

$82,642

Total Directors

$105,442

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EULA ROBERTSON-RAY	PRESIDENT	2.00	Officer Director	$0	$0	$0
KEVIN DUNLAP	TREASURER	2.00	Officer Director	$0	$0	$0
IVET WOOLRIDGE	VICE PRESIDENT/COO	40.00	Officer Director	$82,642	$0	$82,642
FERN HANDY-GIBSON	SECRETARY	2.00	Officer Director	$0	$0	$0
CATHERINE FERGUSON	MEMBER	40.00	Director	$22,800	$0	$22,800

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	$1,371,299	$1,258,920	$691,594	$112,379
2024	$1,237,193	$1,251,372	$766,234	$-14,179
2024	$1,237,193	$1,551,372	$466,234	$-314,179
2023	$1,013,087	$1,026,872	$785,928	$-13,785
2022	$895,343	$904,939	$775,952	$-9,596
2021	$931,464	$909,435	$784,158	$22,029
2020	$1,004,840	$1,035,330	$783,286	$-30,490
2019	$1,352,740	$1,354,647	$831,267	$-1,907

INDEPENDENT LIVING PARTNERSHIP