Independence Now Inc

EIN: 521891697 501(c)(3) Civil Rights & Advocacy

Silver Spring, MD

Total Revenue
$1,712,553
Total Expenses
$1,616,279
Total Assets
$1,662,747
Net Assets
$1,316,484
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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
1994
Legal Domicile
MD
Principal Officer
Diane Palmer
Phone
3012772839
Tax Period
2023-10-01 to 2024-09-30

Independence Now Inc, founded in 1994, is a community nonprofit in the Civil Rights & Advocacy sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 6% surplus.

Mission

We advocate and embody independence and equality for all people with disabilities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,311,966
Program Service Revenue $370,618
Investment Income $39,731
Other Revenue $-9,762
TOTAL REVENUE $1,712,553

Expense Breakdown

Grants Paid $61,139
Salaries & Benefits $1,053,270
Fundraising Expenses $0
Program Expenses $1,331,722
Other Expenses $501,870
TOTAL EXPENSES $1,616,279

Year-over-Year Comparison

2023 2022 Change
Revenue $1,712,553 $1,502,909 +0.1%
Expenses $1,616,279 $1,486,316 +0.1%
Net Income $96,274 $16,593 +4.8%
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
8
Independent Members
8
Employees
25
Volunteers
10

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
6
$112,549
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jamie Freeny President 0.50
Officer Director
$0 $0 $0
Cindy Buddington Vice President 0.50
Officer Director
$0 $0 $0
Donna Herring Treasurer 0.50
Officer Director
$0 $0 $0
Kim Allen Secretary 0.50
Officer Director
$0 $0 $0
Joe Aukward Member 0.50
Director
$0 $0 $0
Tyree Brown Member (Left Sept 2024) 0.50
Director
$0 $0 $0
Reggie Pratt Member 0.50
Director
$0 $0 $0
Kisha Stover Member 0.50
Director
$0 $0 $0
Robert Watson Member 0.50
Director
$0 $0 $0
Mary Schor Member (Left Sept 2024) 0.50
Director
$0 $0 $0
Sarah Basehart Executive Director (Oct-Dec) 40.00
Officer
$104,873 $7,676 $112,549
Diane Palmer Executive Director (Aug-Present) 40.00
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
2024 $1,712,553 $1,616,279 $1,662,747 $96,274
2023 $1,502,909 $1,486,316 $1,542,194 $16,593
2022 $1,446,585 $1,454,444 $1,276,926 $-7,859
2021 $1,475,221 $1,443,089 $1,349,643 $32,132
2020 $1,480,806 $1,483,780 $1,279,145 $-2,974
2019 $1,335,059 $1,387,785 $1,309,937 $-52,726
2018 $1,340,759 $1,317,790 $1,395,394 $22,969
2018 $1,340,759 $1,317,790 $1,395,394 $22,969
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