INDEPENDENT LIVING CHOICES

EIN: 460380428 501(c)(3)

SIOUX FALLS, SD

Total Revenue
$5,168,085
Total Expenses
$4,298,007
Total Assets
$7,247,673
Net Assets
$7,010,402
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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
1982
Legal Domicile
SD
Principal Officer
MATT CAIN
Phone
6053623550
Tax Period
2024-10-01 to 2025-09-30

INDEPENDENT LIVING CHOICES, founded in 1982, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024. The organization ran a surplus of $870K, a strong 17% operating margin.

Mission

TO ASSIST DISABLED INDIVIDUALS

Program Service Accomplishments

Program 1
Expenses: $2,495,049 Revenue: $115,510

HOUSING & LIVING SKILLS - TO ASSIST DISABLED INDIVIDUALS IN FINDING SUITABLE LIVING QUARTERS IN THE COMMUNITY. TO PROVIDE TRAINING AND TRANSITIONAL ASSISTANCE TO ENABLE DISABLED INDIVIDUALS TO LIVE...

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HOUSING & LIVING SKILLS - TO ASSIST DISABLED INDIVIDUALS IN FINDING SUITABLE LIVING QUARTERS IN THE COMMUNITY. TO PROVIDE TRAINING AND TRANSITIONAL ASSISTANCE TO ENABLE DISABLED INDIVIDUALS TO LIVE IN THE LOCAL COMMUNITIES.

Program 2
Expenses: $1,559,896 Revenue: $2,282,298

TO PROVIDE SUPPORT FOR THE INDIVIDUALS THAT ARE LIVING ON THEIR OWN BUT STILL REQUIRE A LITTLE BIT OF PERSONAL ASSISTANCE TO BE ABLE TO LIVE INDEPENDENTLY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,508,933
Program Service Revenue $2,397,808
Investment Income $236,398
Other Revenue $24,946
TOTAL REVENUE $5,168,085

Expense Breakdown

Grants Paid $1,222,079
Salaries & Benefits $2,612,884
Fundraising Expenses $23,479
Program Expenses $4,054,945
Other Expenses $463,044
TOTAL EXPENSES $4,298,007

Year-over-Year Comparison

2024 2023 Change
Revenue $5,168,085 $4,864,971 +0.1%
Expenses $4,298,007 $4,473,556 0.0%
Net Income $870,078 $391,415 +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

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Governance

Voting Members
9
Independent Members
9
Employees
147
Volunteers
40

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
4
$180,321
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICIA HAGSTROM PRESIDENT 0.50
Officer Director
$0 $0 $0
RHONDA ERICKSON VICE PRESIDE 0.50
Officer Director
$0 $0 $0
JOHNNY NOEL SECRETARY/TR 0.50
Officer Director
$0 $0 $0
TOM JOHNSON BOARD MEMBER 0.50
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
PATTY BORDEAUX-NELSON BOARD MEMBER 0.50
Director
$0 $0 $0
ISSAC JORGENSON BOARD MEMBER 0.50
Director
$0 $0 $0
PAULA HECK BOARD MEMBER 0.50
Director
$0 $0 $0
MATT CAIN EXECUTIVE DI 40.00
Officer
$161,677 $18,644 $180,321
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 $5,168,085 $4,298,007 $7,247,673 $870,078
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
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