WHEELS OF INDEPENDENCE INC (EIN 391524310) - 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

1990

Legal Domicile

Principal Officer

RICHARD BENDER

Phone

7154244595

Tax Period

2025-01-01 to 2025-12-31

WHEELS OF INDEPENDENCE INC, founded in 1990, is a small nonprofit that reported $472K in total revenue in fiscal year 2025.

Mission

PROVIDE LOW COST TRANSPORTATION TO THE SOUTH WOOD COUNTY AREA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $73,555

Program Service Revenue $397,506

Investment Income $586

Other Revenue $19

TOTAL REVENUE $471,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $288,591

Fundraising Expenses $0

Program Expenses $432,243

Other Expenses $199,990

TOTAL EXPENSES $488,581

Year-over-Year Comparison

	2025	2024	Change
Revenue	$471,666	$486,528	0.0%
Expenses	$488,581	$515,986	-0.1%
Net Income	$-16,915	$-29,458	-0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN PORTER	DIRECTOR	5.00	Director	$0	$0	$0
RYAN HACKMAN	DIRECTOR	5.00	Director	$0	$0	$0
CONNIE JACOBSON	VICE PRESIDE	10.00	Officer	$0	$0	$0
RICHARD BENDER	PRESIDENT	20.00	Officer	$0	$0	$0
SUZANNE SZELAGOWSKI	SECRETARY	10.00	Officer	$0	$0	$0
JEANNE FISHER	TREASURER	15.00	Officer	$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	$471,666	$488,581	$279,816	$-16,915
2024	$486,528	$515,986	$262,612	$-29,458
2023	$1,456,206	$1,335,332	$312,724	$120,874
2022	$1,238,973	$1,324,990	$192,297	$-86,017
2021	$1,303,437	$1,175,461	$275,553	$127,976
2020	$1,176,671	$1,127,636	$128,578	$49,035
2019	$1,180,536	$1,168,340	$103,408	$12,196
2018	$1,125,768	$1,157,298	$93,443	$-31,530

WHEELS OF INDEPENDENCE INC