INDEPENDENCE VILLAGE INC (EIN 421250096) - 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

1985

Legal Domicile

Principal Officer

BRIGET SOLOMON

Phone

7122584511

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENCE VILLAGE INC, founded in 1985, is a small nonprofit that reported $611K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $708K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE HOUSING TO THE PHYSICALLY AND MENTALLY DISABLED AND THE ELDERLY.

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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 $353,765

Program Service Revenue $254,135

Investment Income $3,116

Other Revenue $0

TOTAL REVENUE $611,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $548,699

Other Expenses $708,146

TOTAL EXPENSES $708,146

Year-over-Year Comparison

	2024	2023	Change
Revenue	$611,016	$679,853	-0.1%
Expenses	$708,146	$613,057	+0.2%
Net Income	$-97,130	$66,796	-2.5%

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

Total Directors

$215,735

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIGET SOLOMON	DIRECTOR	0.50	Director	$0	$29,294	$215,735
ANTHONY LAMB	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
BRANDI JORGENSEN	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
BRIANNA EATON	SECRETARY	0.50	Officer Director	$0	$0	$0
AARON GEHLING	TREASURER	0.50	Officer 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
2025	$611,016	$708,146	$887,591	$-97,130
2024	No data	No data	No data	No data
2023	$578,643	$610,201	$1,177,812	$-31,558
2022	$546,428	$626,423	$1,227,299	$-79,995
2021	$531,130	$689,091	$1,355,329	$-157,961
2020	$553,021	$455,941	$1,371,721	$97,080
2019	$525,265	$481,582	$1,529,071	$43,683
2018	$567,464	$532,009	$1,429,895	$35,455

INDEPENDENCE VILLAGE INC