INDEPENDENT LIVING CHOICES (EIN 460380428) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

MATT CAIN

Phone

6053623550

Tax Period

2023-10-01 to 2024-09-30

INDEPENDENT LIVING CHOICES, founded in 1982, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2017. Expenses of $3.1M left a modest 10% surplus.

Mission

TO ASSIST DISABLED INDIVIDUALS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,239,075

Program Service Revenue $2,394,932

Investment Income $200,844

Other Revenue $30,120

TOTAL REVENUE $4,864,971

Expense Breakdown

Grants Paid $1,292,885

Salaries & Benefits $2,747,078

Fundraising Expenses $25,127

Program Expenses $4,240,965

Other Expenses $433,593

TOTAL EXPENSES $4,473,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,864,971	$4,747,974	+0.0%
Expenses	$4,473,556	$4,566,912	0.0%
Net Income	$391,415	$181,062	+1.2%

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

159

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

$159,413

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM JOHNSON	PRESIDENT	0.50	Officer Director	$0	$0	$0
ALICIA HAGSTROM	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
RHONDA ERICKSON	SECRETARY/TR	0.50	Officer Director	$0	$0	$0
RYAN BOHY	BOARD MEMBER	0.50	Director	$0	$0	$0
KRISTA BAU	BOARD MEMBER	0.50	Director	$0	$0	$0
LYLE COOK	BOARD MEMBER	0.50	Director	$0	$0	$0
PAULA HECK	BOARD MEMBER	0.50	Director	$0	$0	$0
PATTY BORDEAUX-NELSON	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHNNY NOEL	BOARD MEMBER	0.50	Director	$0	$0	$0
BRETT GLIRBAS	BOARD MEMBER	0.50	Director	$0	$0	$0
MATT CAIN	EXECUTIVE DI	40.00	Officer	$142,274	$17,139	$159,413

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	$4,864,971	$4,473,556	$6,229,279	$391,415
2023	$4,747,974	$4,566,912	$5,623,162	$181,062
2022	$4,941,369	$4,149,522	$5,347,891	$791,847
2021	$4,172,485	$3,644,912	$4,914,691	$527,573
2020	$3,829,595	$3,464,515	$4,328,976	$365,080
2019	$3,647,604	$3,062,147	$3,955,155	$585,457
2018	$3,454,039	$3,094,598	$3,368,369	$359,441

INDEPENDENT LIVING CHOICES