INDEPENDENT RESOURCES INC

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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

1993

Legal Domicile

Principal Officer

DESPINA WILSON

Phone

3027650191

Tax Period

2019-10-01 to 2020-09-30

INDEPENDENT RESOURCES INC, founded in 1993, is a small nonprofit that reported $820K in total revenue in fiscal year 2019. Expenses of $789K left a modest 4% surplus.

Mission

THE PURPOSE OF INDEPENDENT RESOURCES, INC. IS TO FUNCTION AS A RESOURCE CENTER TO ASSIST PERSONS WITH DISABILITIES IN ACHIEVING AND MAINTAINING INDIVIDUAL LIFESTYLES. THE ORGANIZATION BELIEVES IN PERSONAL EMPOWERMENT, INDEPENDENCE, AND COMMUNITY EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $687,753

UNDER THE ORGANIZATION'S SINGLE MAJOR PROGRAM, FIVE CORE SERVICES ARE PROVIDED: INFORMATION AND REFERRAL, ADVOCACY, INDEPENDENT LIVING SKILLS, PEER COUNSELING/PEER SUPPORT, AND TRANSITION SERVICES...

UNDER THE ORGANIZATION'S SINGLE MAJOR PROGRAM, FIVE CORE SERVICES ARE PROVIDED: INFORMATION AND REFERRAL, ADVOCACY, INDEPENDENT LIVING SKILLS, PEER COUNSELING/PEER SUPPORT, AND TRANSITION SERVICES. DURING THE FISCAL YEAR, OVER 400 INDIVIDUALS BENEFITED FROM THE SERVICES PROVIDED BY THE ORGANIZATION, AND OVER 1,100 REFERRALS WERE MADE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $818,057

Program Service Revenue $0

Investment Income $0

Other Revenue $2,168

TOTAL REVENUE $820,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $521,707

Fundraising Expenses $0

Program Expenses $687,753

Other Expenses $267,680

TOTAL EXPENSES $789,387

Year-over-Year Comparison

	2019	2018	Change
Revenue	$820,225	$782,610	+0.0%
Expenses	$789,387	$767,836	+0.0%
Net Income	$30,838	$14,774	+1.1%

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

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

$73,703

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE MASSEY	BOARD CHAIR	0.10	Director	$0	$0	$0
LILLIAN HARRIS	VICE CHAIR	0.10	Director	$0	$0	$0
MINDY D BECK	TREASURER	0.10	Director	$0	$0	$0
TINA L RILEY	BOARD MEMBER	0.10	Director	$0	$0	$0
MIRCEA MITCH GUTU	BOARD MEMBER	0.10	Director	$0	$0	$0
RODNEY C SMITH	BOARD MEMBER	0.10	Director	$0	$0	$0
DESPINA WILSON	EXECUTIVE DIRECTOR	35.00	Officer	$60,000	$13,703	$73,703

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
2020	$820,225	$789,387	$146,199	$30,838
2019	$782,610	$767,836	$109,001	$14,774
2018	$658,845	$729,597	$97,968	$-70,752