CENTERS FOR INDEPENDENCE INC

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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

2014

Legal Domicile

Principal Officer

LESLIE HAYES-BAILEY

Phone

4149372020

Tax Period

2024-01-01 to 2024-12-31

Mission

CENTERS FOR INDEPENDENCE, INC. (CFI) PROVIDES GOVERNANCE AND OTHER SUPPORT FUNCTIONS, ENABLING CFI'S AFFILIATE ORGANIZATIONS TO CARRY OUT THEIR MISSION OF PARTNERING WITH PEOPLE OF ALL ABILITIES TO ADVANCE THEIR TOTAL HEALTH.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

CFI IS USED TO SUPPORT ITS AFFILIATED AGENCIES.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$10,000,000	-1.0%
Expenses	N/A	$10,000,000	-1.0%
Net Income	N/A	$0	N/A

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

N/A

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

$839,213

Total Directors

$376,081

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELSMO LEIF SVERRE	PRESIDENT/CEO	1.00	Officer Director	$0	$53,025	$376,081
TILLEMAN MORGAN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
REESE ROBIN	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
CAIN MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
HOLMES LYAH	DIRECTOR	1.00	Director	$0	$0	$0
JOHNSON NORAH	DIRECTOR	1.00	Director	$0	$0	$0
KAEMMERER TOBIAS	DIRECTOR	1.00	Director	$0	$0	$0
RIVERA A JOY	DIRECTOR	1.00	Director	$0	$0	$0
BOEHM JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
PHELPS MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
FASSETT BRIDGET THRU 121824	CFO/TREASURER	1.00	Officer	$0	$41,382	$277,629
DEVOUGAS STEVEN MARCEL	VP LEGAL & COMPLIANCE	1.00	Officer	$0	$29,009	$185,503

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	No data	No data	$1,176,879	No data
2023	$10,000,000	$10,000,000	$1,176,879	No data
2022	$12,500,000	$12,500,000	$1,176,879	No data
2021	$2,724,477	$37,929,042	$1,176,879	$-35,204,565
2020	No data	No data	$36,381,444	No data
2019	No data	No data	$23,641,382	No data