IMPROVED LIVING INC (EIN 470640292) - 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

1979

Legal Domicile

Principal Officer

JEAN FRANCHETTI

Phone

4023715631

Tax Period

2021-01-01 to 2021-12-31

IMPROVED LIVING INC, founded in 1979, is a small nonprofit that reported $201K in total revenue in fiscal year 2021. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $31K, a strong 15% operating margin.

Mission

PROVIDE HOUSING TO PERSONS WITH MENTAL ILLNESS

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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 (2021)

Revenue Breakdown

Contributions & Grants $129,490

Program Service Revenue $17,790

Investment Income $521

Other Revenue $53,382

TOTAL REVENUE $201,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,871

Fundraising Expenses $0

Program Expenses $160,831

Other Expenses $127,426

TOTAL EXPENSES $170,297

Year-over-Year Comparison

	2021	2020	Change
Revenue	$201,183	$231,916	-0.1%
Expenses	$170,297	$206,566	-0.2%
Net Income	$30,886	$25,350	+0.2%

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

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

$39,000

Total Directors

$39,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN FRANCHETTI	EXECUTIVE DIRECTOR	40.00	Officer Director	$39,000	$0	$39,000
MARCY BROWN	PRESIDENT	0.00	Officer Director	$0	$0	$0
WARREN REIMER	MEMBER	0.00	Director	$0	$0	$0
HERMAN KLABUNDE	MEMBER	0.00	Director	$0	$0	$0
LINDA BILLS	MEMBER	0.00	Director	$0	$0	$0
CHRISTINA PIMENTEL	MEMBER	0.00	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
2021	$201,183	$170,297	$197,672	$30,886
2020	$231,916	$206,566	$224,872	$25,350
2019	$214,239	$202,300	$255,147	$11,939
2018	$216,425	$261,990	$301,129	$-45,565

IMPROVED LIVING INC