NEW INDEPENDENCE ACADEMY

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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

2014

Legal Domicile

Principal Officer

KENNETH GRICE

Phone

9104290321

Tax Period

2022-07-01 to 2023-06-30

NEW INDEPENDENCE ACADEMY, founded in 2014, is a small nonprofit in the Education sector that reported $212K in total revenue in fiscal year 2022. Expenses of $289K exceeded revenue, resulting in a 36% operating deficit.

Mission

to be a school to help children diagnosed with high functioning autism and other pervasive development disorders

Program Service Accomplishments

Program 1

our mission is to help prepare children diagnosed with high functioning autism and other pervasive development disorders to lead happy independent lives by creating an environment in which they can...

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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 $108,788

Program Service Revenue $103,383

Investment Income $0

Other Revenue $0

TOTAL REVENUE $212,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,050

Fundraising Expenses $340

Other Expenses $95,264

TOTAL EXPENSES $289,314

Year-over-Year Comparison

	2022	2021	Change
Revenue	$212,171	N/A	N/A
Expenses	$289,314	N/A	N/A
Net Income	$-77,143	N/A	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

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON OATES	SCHOOL DIRECTOR	40	Director	$0	$0	$0
VICTOR BOYD	VICE PREDIDENT	40	Officer	$0	$0	$0
KENNETH GRICE	PRESIDENT	40	Officer	$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
2023	$212,171	$289,314	$128,883	$-77,143
2022	$221,585	$271,660	$210,038	$-50,075
2021	$237,936	$216,078	$256,544	$21,858
2020	$232,026	$229,487	$178,449	$2,539
2019	$276,309	$274,583	$174,159	$1,726