Independence Health & Therapy (EIN 363152022) - 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

1981

Legal Domicile

Principal Officer

John Buckley

Phone

8153383590

Tax Period

2023-07-01 to 2024-06-30

Independence Health & Therapy, founded in 1981, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2018. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

To provide adults, caregivers and families with programs and services promoting an enhanced quality of life.

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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 $1,537,809

Program Service Revenue $1,451,110

Investment Income $197,455

Other Revenue $-6,038

TOTAL REVENUE $3,180,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,387,430

Fundraising Expenses $143,561

Program Expenses $3,002,675

Other Expenses $1,215,594

TOTAL EXPENSES $3,603,024

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,180,336	$2,516,979	+0.3%
Expenses	$3,603,024	$3,109,497	+0.2%
Net Income	$-422,688	$-592,518	-0.3%

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

$116,941

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Buckley	Executive Director	040.00	Officer	$116,941	$0	$116,941
Dave Byrnes	Officer	001.00	Director	$0	$0	$0
Keith Hogan	Treasurer	001.50	Officer Director	$0	$0	$0
Cindy Bock	Secretary	001.00	Officer Director	$0	$0	$0
Sheldon Clark	Officer	001.00	Director	$0	$0	$0
Kent Cooney	Officer	002.00	Director	$0	$0	$0
Lisa Lohmeyer	Officer	001.00	Director	$0	$0	$0
Susan McCoy	Officer	001.00	Director	$0	$0	$0
Scott McClain	Officer	001.00	Director	$0	$0	$0
Melissa Adamson	Officer	001.00	Director	$0	$0	$0
Tim Urban	President	002.00	Officer Director	$0	$0	$0
Kim Keefe	Officer	001.00	Director	$0	$0	$0
Brenda Frederick	Officer	001.00	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	No data	No data	No data	No data
2024	$3,180,336	$3,603,024	$2,852,196	$-422,688
2023	$2,516,979	$3,109,497	$3,430,635	$-592,518
2022	$3,091,116	$3,036,144	$3,846,089	$54,972
2021	$3,072,508	$2,458,086	$4,163,560	$614,422
2020	$2,303,176	$2,833,498	$3,584,243	$-530,322
2019	$2,784,807	$2,966,873	$3,530,457	$-182,066

Independence Health & Therapy