INDEPENDENCE CENTER INC (EIN 363542328) - 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

1987

Legal Domicile

Principal Officer

CARLA WYCKOFF

Phone

8473601020

Tax Period

2023-07-01 to 2024-06-30

INDEPENDENCE CENTER INC, founded in 1987, is a community nonprofit in the Unknown sector that reported $2.3M in total revenue in fiscal year 2023. Expenses of $2.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MISSION OF INDEPENDENCE CENTER IS TO ENHANCE THE QUALITY OF LIFE, TO PROMOTE INDEPENDENT FUNCTIONING, AND TO FACILITATE PERSONAL GROWTH FOR ADULTS WITH A HISTORY OF MENTAL ILLNESS. TO ACHIEVE THIS, INDEPENDENCE CENTER PROVIDES ONGOING SOCIAL, EDUCATIONAL, VOCATIONAL, AND HOUSING OPPORTUNITIES.

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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 $121,350

Program Service Revenue $2,092,981

Investment Income $11,098

Other Revenue $60,515

TOTAL REVENUE $2,285,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,791,704

Fundraising Expenses $16,730

Program Expenses $2,196,636

Other Expenses $788,259

TOTAL EXPENSES $2,579,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,285,944	$2,330,089	0.0%
Expenses	$2,579,963	$2,501,215	+0.0%
Net Income	$-294,019	$-171,126	+0.7%

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

$135,312

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLA WYCKOFF	PRESIDENT	1.00	Officer Director	$0	$0	$0
THERESA GARWOOD-GRAHAM	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN BERRILL	SECRETARY	1.00	Officer Director	$0	$0	$0
STELLA DAY	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MINGER	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA PADILLA-RAMOS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ROACH	DIRECTOR	1.00	Director	$0	$0	$0
OTELIA SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
LISA JOHNSON	EXECUTIVE DIRECTOR	40.00	Officer	$118,629	$16,683	$135,312

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	$2,285,944	$2,579,963	$2,597,230	$-294,019
2023	$2,330,089	$2,501,215	$2,945,718	$-171,126
2022	$2,714,970	$2,388,754	$3,192,506	$326,216
2021	$1,608,075	$1,924,099	$3,358,414	$-316,024
2020	$1,385,618	$1,750,213	$3,469,735	$-364,595
2019	$1,474,685	$1,628,898	$3,587,781	$-154,213
2018	$1,524,181	$1,622,744	$3,800,853	$-98,563

INDEPENDENCE CENTER INC