INDIVIDUAL EMPOWERMENT INC

EIN: 462144230 501(c)(3) Human Services

TAYLOR, MI

Total Revenue
$2,372,100
Total Expenses
$2,672,950
Total Assets
$182,140
Net Assets
$35,699
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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
2013
Legal Domicile
MI
Principal Officer
RHONDA COOK
Phone
7345898366
Tax Period
2024-10-01 to 2025-09-30

INDIVIDUAL EMPOWERMENT INC, founded in 2013, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $2.7M exceeded revenue, resulting in a 13% operating deficit.

Mission

JOB DEVELOPMENT, SUPPORT OF DISABLED INCLUDING TRANSPORTATION, HOUSEHOLD SUPPORT

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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 $2,364,089
Program Service Revenue $0
Investment Income $8,011
Other Revenue $0
TOTAL REVENUE $2,372,100

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,402,446
Fundraising Expenses $0
Program Expenses $2,120,121
Other Expenses $270,504
TOTAL EXPENSES $2,672,950

Year-over-Year Comparison

2024 2023 Change
Revenue $2,372,100 $2,527,560 -0.1%
Expenses $2,672,950 $2,592,449 +0.0%
Net Income $-300,850 $-64,889 +3.6%
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
4
Independent Members
4
Employees
89
Volunteers
N/A

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
$104,596
Total Directors
4
$104,596
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RHONDA COOK PRESIDENT/EXECUTIVE 40.00
Officer Director
$104,596 $0 $104,596
DAVID MCGRATH VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
SHERRI MCCLEERY SECRETARY 2.00
Officer Director
$0 $0 $0
ROBIN LEMKIE TREASURER 2.00
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 $2,372,100 $2,672,950 $182,140 $-300,850
2024 $2,527,560 $2,592,449 $490,638 $-64,889
2023 $2,386,921 $2,095,071 $553,464 $291,850
2022 $1,299,576 $1,344,576 $284,761 $-45,000
2021 $1,362,265 $1,271,231 $199,192 $91,034
2020 $1,112,720 $1,145,127 $279,295 $-32,407
2019 $903,163 $902,332 $149,638 $831
2018 $880,423 $835,894 $140,087 $44,529
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