INDEPENDENCE CENTER INC (EIN 411276666) - 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

1976

Legal Domicile

Principal Officer

STEVE BRESNAHAN

Phone

3202524146

Tax Period

2018-01-01 to 2018-12-31

INDEPENDENCE CENTER INC, founded in 1976, is a small nonprofit that reported $728K in total revenue in fiscal year 2018. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 97% operating deficit.

Mission

CREATING OPPORTUNITIES FOR PEOPLE WITH SPECIAL NEEDS. THE CHARITABLE PURPOSES FOCUSES ON PROVIDING RECREATION, LEISURE, EMPLOYMENT, SUPERVISION AND SUPPORT FOR ADULTS WITH COGNITIVE AND INTELLECTUAL DISABILITIES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $9,122

Program Service Revenue $704,374

Investment Income $15,807

Other Revenue $-834

TOTAL REVENUE $728,469

Expense Breakdown

Grants Paid $595,112

Salaries & Benefits $570,075

Fundraising Expenses $0

Program Expenses $1,264,981

Other Expenses $271,913

TOTAL EXPENSES $1,437,100

Year-over-Year Comparison

	2018	2017	Change
Revenue	$728,469	$995,549	-0.3%
Expenses	$1,437,100	$898,416	+0.6%
Net Income	$-708,631	$97,133	-8.3%

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

$80,213

Total Directors

$39,810

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CURT GAINSFORTH	PRESIDENT	0.50	Officer Director	$0	$0	$0
TRISHA NESS	SECRETARY	0.50	Officer Director	$0	$0	$0
MARGARET MATHIES	TREASURER	0.50	Officer Director	$0	$0	$0
ANTHONY WEIGEL	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
BRIANNA FEMRITE	DIRECTOR	0.50	Director	$0	$0	$0
JANET DEZURIK	DIRECTOR	0.50	Director	$0	$0	$0
STEVEN BRESNAHAN	EXECUTIVE DIRECTOR	40.00	Officer Director	$39,810	$0	$39,810
AMY T CHRISTENSEN	ADMINISTRATOR (UNTIL MAY 2018)	50.00	Officer	$36,366	$4,037	$40,403

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
2018	$728,469	$1,437,100	$429,780	$-708,631

INDEPENDENCE CENTER INC