INDEPENDENTS' DAY 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

2011

Legal Domicile

Principal Officer

ADAM BROUILLETTE

Phone

6146687968

Tax Period

2022-01-01 to 2022-12-31

Mission

THE ORGANIZATION ACTS AS A RESOURCE FOR COMMUNITY EVENTS THAT FALL IN LINE WITH ITS MISSION TO FURTHER THE ARTS, CULTURE AND EXPERIENCE IN COLUMBUS, OHIO. THE ORGANIZATION SHARES ASSETS, ACTS AS A FACILITATOR FOR CONVERSATION AND ENGAGEMENT, PROVIDES MARKETING AND AWARENESS TO CONNECT CREATIVE INDIVIDUALS TO THE GENERAL PUBLIC, AND SERVE AS A FISCAL SPONSOR FOR LOCAL LIKE-MINDED GROUPS.

Program Service Accomplishments

Program 1

Expenses: $21,589 Revenue: $0

INDEPENDENTS' DAY'S PRIMARY PROGRAM SERVICE IS FOSTERING A CREATIVE COMMUNITY IN COLUMBUS, OHIO, WITH A MISSION TO FURTHER THE CITY'S ARTS, CULTURE AND EXPERIENCE. SERVICES OFFERED INCLUDE PROVIDING FISCAL AGENCY FOR UP-AND-COMING NONPROFIT GROUPS, INCLUDING 3 GROUPS BASED IN COLUMBUS, AND ORGANIZING EVENTS TO DEVELOP RELATIONSHIPS AMONG THE CITY'S CREATIVE LEADERS (AVERAGE ATTENDANCE OF 20 ORGANIZERS). 2022 MARKED THE FINAL YEAR OF THE ORGANIZATION, WHICH CEASED OPERATIONS EFFECTIVE DECEMBER 31, 2022.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $5,366

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,589

Other Expenses $17,713

TOTAL EXPENSES $23,079

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	$18,217	-1.0%
Expenses	$23,079	$23,286	0.0%
Net Income	N/A	$-5,069	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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM BROUILLETTE	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
SHELLEY MANN	CO-VICE CHAIR	0.50	Officer Director	$0	$0	$0
JACOB WOOTEN	CO-VICE CHAIR	0.50	Officer Director	$0	$0	$0
MICHAEL BROWN	DIRECTOR	0.50	Director	$0	$0	$0
ERIN CORRIGAN	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW DODSON	DIRECTOR	0.50	Director	$0	$0	$0
DEREK DUPONT	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK LOCY	DIRECTOR	0.50	Director	$0	$0	$0
ALEXIS PERRONE	DIRECTOR	0.50	Director	$0	$0	$0
AARON PITCOCK	DIRECTOR	0.50	Director	$0	$0	$0
SHEA SCOTT	DIRECTOR	0.50	Director	$0	$0	$0
TIMOTHY WOLF STARR	DIRECTOR	0.50	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
2022	No data	$23,079	No data	No data
2021	$18,217	$23,286	$19,348	$-5,069
2020	$156,167	$159,437	$30,767	$-3,270
2019	$4,260	$8,621	$34,037	$-4,361
2018	$4,420	$12,064	$38,398	$-7,644
2017	$239,970	$202,526	$46,042	$37,444