INDEPENDENCE FIRST FOUNDATION INC (EIN 462941274) - 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

2013

Legal Domicile

Principal Officer

MARCIA BOUCHER

Phone

4142917520

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENCE FIRST FOUNDATION INC, founded in 2013, is a community nonprofit in the Mental Health sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $168K, a strong 16% operating margin.

Mission

INDEPENDENCE FIRST FOUNDATION, INC. SUPPORTS THE CHARITABLE MISSION OF INDEPENDENCE FIRST, INC., A COMMUNITY-BASED, NON-RESIDENTIAL INDEPENDENT LIVING CENTER IN MILWAUKEE, WISCONSIN.

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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 $0

Program Service Revenue $0

Investment Income $1,048,715

Other Revenue $0

TOTAL REVENUE $1,048,715

Expense Breakdown

Grants Paid $841,408

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $841,408

Other Expenses $38,909

TOTAL EXPENSES $880,317

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,048,715	$591,102	+0.8%
Expenses	$880,317	$914,397	0.0%
Net Income	$168,398	$-323,295	-1.5%

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

$477,526

Total Directors

Key Employees

$204,975

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN RAMOS	CHAIR	1.00	Officer Director	$0	$0	$0
BILLIE TORRENTT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KENT WALTERS	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN DZIEWA	SECRETARY (FROM JUNE 2024)	1.00	Officer Director	$0	$0	$0
DAVID FRANK	TREASURER (THRU JUNE 2024)	1.00	Officer Director	$0	$0	$0
JOANNE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
LEE ZA ONG	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA BOUCHER	PRESIDENT/CEO	3.00	Officer	$0	$24,448	$270,342
WENDY HUOT	CHIEF FINANCIAL OFFICER	3.00	Officer	$0	$11,112	$207,184
KATHY ACEVEDO	CHIEF OPERATING OFFICER	3.00	Key Emp	$0	$27,954	$204,975
TRACY THOMAS	CONTROLLER	3.00	Highest	$0	$23,769	$173,078
JACOB NOWAK	INFORMATION TECHNOLOGY DIRECTOR/ FACILITIES DIRECT	3.00	Highest	$0	$43,924	$164,213
MYRA SANCHICK	MARKETING & STRATEGIC PARTNERSHIPS	3.00	Highest	$0	$28,469	$151,983
SCOTT CURWICK	HUMAN RESOURCES DIRECTOR	3.00	Highest	$0	$15,337	$124,779
SAMANTHA HUDSON	PERSONAL ASSISTANCE SERVICES DIRECTOR	3.00	Highest	$0	$21,059	$132,673

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	$1,048,715	$880,317	$16,601,650	$168,398
2023	$591,102	$914,397	$15,909,734	$-323,295
2022	$489,061	$842,144	$14,839,162	$-353,083
2021	$3,232,092	$808,781	$18,363,879	$2,423,311
2020	$401,385	$4,473,266	$17,262,929	$-4,071,881
2019	$1,121,043	$3,260,182	$20,127,493	$-2,139,139
2018	$2,133,462	$1,038,120	$19,120,986	$1,095,342

INDEPENDENCE FIRST FOUNDATION INC