AVENUES TO INDEPENDENCE

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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

1953

Legal Domicile

Principal Officer

STEPHEN KRAY

Phone

8472920870

Tax Period

2023-07-01 to 2024-06-30

AVENUES TO INDEPENDENCE, founded in 1953, is a community nonprofit in the Employment sector that reported $8.8M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $7.9M left a modest 10% surplus.

Mission

AVENUES TO INDEPENDENCE EMPOWERS ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TO LIVE THE LIVES THEY CHOOSE THROUGH PERSONALIZED SUPPORT, ADVOCACY, AND COMMUNITY ENGAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $3,271,695 Revenue: $447,697

RESIDENTIAL PROGRAMS-RESIDENCES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. APPROXIMATELY 49 SERVED

Program 2

Expenses: $2,493,661 Revenue: $1,312,549

DAY PROGRAM-THIS PROGRAM ASSISTS INDIVIDUALS WITH LEARNING AND IMPROVING EVERYDAY LIFE AND WORK SKILLS. APPROXIMATELY 140 SERVED.

Program 3

Expenses: $141,206 Revenue: $169,946

THRIFT SHOPPE-THIS PROGRAM PROVIDES ADDITIONAL FUNDING SUPPORT TO THE ORGANIZATION

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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 $6,692,168

Program Service Revenue $1,914,435

Investment Income $0

Other Revenue $164,041

TOTAL REVENUE $8,770,644

Expense Breakdown

Grants Paid $272,945

Salaries & Benefits $5,275,549

Fundraising Expenses $453,664

Program Expenses $6,473,961

Other Expenses $2,308,188

TOTAL EXPENSES $7,856,682

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,770,644	$7,407,024	+0.2%
Expenses	$7,856,682	$6,869,319	+0.1%
Net Income	$913,962	$537,705	+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

118

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

$98,746

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC JOHNSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DIRK AHLBECK	TREASURER	1.00	Officer Director	$0	$0	$0
JACKI KIMEL	SECRETARY	1.00	Officer Director	$0	$0	$0
ALLAN BARTEL	DIRECTOR	1.00	Director	$0	$0	$0
COLLIN SASSER	DIRECTOR	1.00	Director	$0	$0	$0
FRED SASSER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MEYER	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE DOHENY	DIRECTOR	1.00	Director	$0	$0	$0
LAURA KROHN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA BUGGY	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW COYNE	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY DIETLIN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA GRIMES	DIRECTOR	1.00	Director	$0	$0	$0
PEG O'HERRON	DIRECTOR	1.00	Director	$0	$0	$0
SARA MCKITRICK	DIRECTOR (TERM JULY, 2023)	1.00	Director	$0	$0	$0
STEVE WILSON	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN FELDMAN	DIRECTOR	1.00	Director	$0	$0	$0
TOM GARCEA	DIRECTOR	1.00	Director	$0	$0	$0
JIM STONEBRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN KRAY	PRESIDENT AND CEO	40.00	Officer	$91,559	$7,187	$98,746
JOAN KRAFT	VICE PRESIDENT OF PROGRAMS	40.00	Highest	$133,031	$2,461	$135,492

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	$8,770,644	$7,856,682	$2,861,491	$913,962
2023	$7,407,024	$6,869,319	$1,949,468	$537,705
2022	$7,156,525	$7,806,497	$1,105,193	$-649,972
2021	$5,960,525	$5,967,559	$1,564,674	$-7,034
2020	$5,549,012	$5,620,220	$2,206,931	$-71,208
2019	$5,186,125	$5,436,378	$1,617,013	$-250,253
2018	$5,082,073	$5,202,289	$1,846,332	$-120,216