INDEPENDENCE FIRST INC (EIN 391343425) - 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

1979

Legal Domicile

Principal Officer

MARCIA BOUCHER

Phone

4142917520

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENCE FIRST INC, founded in 1979, is a mid-sized nonprofit in the Human Services sector that reported $24.0M in total revenue in fiscal year 2024.

Mission

INDEPENDENCE FIRST IS A NON-PROFIT 501C3 INDEPENDENT LIVING CENTER (ILC) DIRECTED AND CONTROLLED BY PERSONS WITH DISABILITIES, PRIMARILY SERVING THE FOUR COUNTY METROPOLITAN MILWAUKEE AREA. OUR MISSION IS TO EFFECTIVELY FACILITATE EMPOWERMENT OF INDIVIDUALS WITH DISABILITIES THROUGH THE CORE SERVICES OF ADVOCACY, INDEPENDENT LIVING SKILLS, INFORMATION AND REFERRAL, PEER SUPPORT, AND TRANSITION. INDEPENDENCE FIRST PROMOTES DIVERSITY AND MULTICULTURAL PARTICIPATION IN ITS OPERATIONS AND SERVICES.

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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 $2,011,409

Program Service Revenue $21,322,142

Investment Income $560,037

Other Revenue $98,722

TOTAL REVENUE $23,992,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,899,615

Fundraising Expenses $540,963

Program Expenses $19,619,470

Other Expenses $3,330,133

TOTAL EXPENSES $24,229,748

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,992,310	$25,211,248	0.0%
Expenses	$24,229,748	$24,937,959	0.0%
Net Income	$-237,438	$273,289	-1.9%

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

1028

Volunteers

132

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

$477,526

Total Directors

Key Employees

$204,975

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCIA BOUCHER	PRESIDENT/CEO	40.00	Officer	$245,894	$24,448	$270,342
WENDY HUOT	CHIEF FINANCIAL OFFICER	40.00	Officer	$196,072	$11,112	$207,184
KATHY ACEVEDO	CHIEF OPERATING OFFICER	40.00	Key Emp	$177,021	$27,954	$204,975
TRACY THOMAS	CONTROLLER	40.00	Highest	$149,309	$23,769	$173,078
JACOB NOWAK	INFORMATION TECHNOLOGY DIRECTOR/FACILITIES DIRECTO	40.00	Highest	$120,289	$43,924	$164,213
MYRA SANCHICK	MARKETING & STRATEGIC PARTNERSHIPS	40.00	Highest	$123,514	$28,469	$151,983
SAMANTHA HUDSON	PERSONAL ASSISTANCE SERVICES DIRECTOR	40.00	Highest	$111,614	$21,059	$132,673
SCOTT CURWICK	HUMAN RESOURCES DIRECTOR	40.00	Highest	$109,442	$15,337	$124,779
RYAN RAMOS	CHAIR	3.00	Officer Director	$0	$0	$0
BRAD HOLZ	VICE CHAIR	3.00	Officer Director	$0	$0	$0
KAWANZA NEWSON	SECRETARY	1.00	Officer Director	$0	$0	$0
KENT WALTERS	TREASURER	3.00	Officer Director	$0	$0	$0
BILLIE TORRENTT	CHAIR (THRU JUNE 2024)	3.00	Officer Director	$0	$0	$0
DAVID FRANK	TREASURER (THRU JUNE 2024)	3.00	Officer Director	$0	$0	$0
JOHN DZIEWA	DIRECTOR	1.00	Director	$0	$0	$0
MARK CIESKO	DIRECTOR (FROM JUNE 2024)	1.00	Director	$0	$0	$0
ERIC DEGROOT	DIRECTOR (FROM JUNE 2024)	1.00	Director	$0	$0	$0
WILLIAM CROWLEY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL WIERZBA	DIRECTOR	1.00	Director	$0	$0	$0
EMILY SIIRA	DIRECTOR (FROM JUNE 2024)	1.00	Director	$0	$0	$0
ANNE SCHWARTZ	DIRECTOR (FROM JUNE 2024)	1.00	Director	$0	$0	$0
BEVERLY WALKER	DIRECTOR	1.00	Director	$0	$0	$0
JAKEIM JACKSON-BELL	DIRECTOR	1.00	Director	$0	$0	$0
KAREN HUNT	DIRECTOR (THRU JUNE 2024)	1.00	Director	$0	$0	$0
SCOTT LUBER	DIRECTOR (THRU JUNE 2024)	1.00	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
2024	$23,992,310	$24,229,748	$17,207,756	$-237,438
2023	$25,211,248	$24,937,959	$17,483,263	$273,289
2022	$26,173,789	$25,802,011	$15,904,443	$371,778
2021	$27,006,891	$25,342,992	$17,159,948	$1,663,899
2019	$30,373,260	$28,768,365	$10,757,946	$1,604,895
2018	$29,267,673	$30,113,461	$10,872,537	$-845,788

INDEPENDENCE FIRST INC