INDEPENDENCE CENTER (EIN 431195240) - 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

1980

Legal Domicile

Principal Officer

PATRICIA HOLMES

Phone

3145334245

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENCE CENTER, founded in 1980, is a mid-sized nonprofit that reported $14.4M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $12.4M left a modest 14% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO ASSIST PEOPLE WITH MENTAL ILLNESS TO LIVE AND WORK IN THE COMMUNITY, INDEPENDENTLY AND WITH DIGNITY.

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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 $3,434,285

Program Service Revenue $11,011,916

Investment Income $146,840

Other Revenue $-195,403

TOTAL REVENUE $14,397,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,072,741

Fundraising Expenses $336,083

Program Expenses $11,297,031

Other Expenses $3,304,958

TOTAL EXPENSES $12,377,699

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,397,638	$13,325,397	+0.1%
Expenses	$12,377,699	$11,022,804	+0.1%
Net Income	$2,019,939	$2,302,593	-0.1%

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

148

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT DOYLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
KRISTY M HESS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TED PIENKOS	TREASURER	1.00	Officer Director	$0	$0	$0
CARRIE HERMELING	SECRETARY	1.00	Officer Director	$0	$0	$0
AIMIEE BILLINGSLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA YANG BOSCO	BOARD MEMBER	1.00	Director	$0	$0	$0
CHYNA BOWEN	BOARD MEMBER (TERM END)	1.00	Director	$0	$0	$0
CASSANDRA BURRIES	BOARD MEMBER	1.00	Director	$0	$0	$0
REX CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
HANNA M COLLIER	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA K DAGG	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER ENGELING	BOARD MEMBER	1.00	Director	$0	$0	$0
MAGGIE FRIEDHOFF	BOARD MEMBER	1.00	Director	$0	$0	$0
CARMEN FRONCZAK	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN JOE	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD LIEBMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAY LINK	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA LOCKETT	BOARD MEMBER	1.00	Director	$0	$0	$0
KIEL PEREGRIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA PURNELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY ROMO	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIELLE ROSE	BOARD MEMBER	1.00	Director	$0	$0	$0
THERESA SIEBER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE SMART	BOARD MEMBER	1.00	Director	$0	$0	$0
DEANDRA SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNN ANN VOGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA HOLMES	EXECUTIVE DIRECTOR	40.00	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	$14,397,638	$12,377,699	$20,944,920	$2,019,939
2024	$13,325,397	$11,022,804	$17,806,984	$2,302,593
2023	$9,593,673	$9,473,508	$16,619,319	$120,165
2022	$10,356,755	$8,461,140	$15,501,160	$1,895,615
2021	$10,088,288	$8,432,263	$15,514,522	$1,656,025
2020	$9,149,262	$10,003,486	$13,487,587	$-854,224
2019	$9,184,866	$9,423,826	$14,627,671	$-238,960
2018	$8,983,133	$8,815,226	$15,405,823	$167,907

INDEPENDENCE CENTER