INDEPENDENCE CLUB INCORPORATED (EIN 541217978) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

CANDICE KOCH

Phone

7038660300

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENCE CLUB INC, founded in 1982, is a micro nonprofit that reported $47K in total revenue in fiscal year 2018. Revenue decreased 5% compared to the prior year.

Mission

THE ORGANIZATION PROVIDES THE PUBLIC WITH A MEETING PLACE AND SAFE ENVIRONMENT FOR ALL 12 STEP RECOVERY PROGRAMS. THE ORGANIZATION RECEIVES CONTRIBUTIONS FROM INDIVIDUALS AND VOLUNTARY DONATIONS FROM PUBLIC CITIZENS. THE ORGANIZATION SERVED APPROXIMATELY 27,660 INDIVIDUALS IN 2024.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $60,890

Program Service Revenue $0

Investment Income $1

Other Revenue $1,802

TOTAL REVENUE $62,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,440

Other Expenses $49,597

TOTAL EXPENSES $49,597

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,693	$48,294	+0.3%
Expenses	$49,597	$51,289	0.0%
Net Income	$13,096	$-2,995	-5.4%

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

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
CATHERINE MORRISSEY	DIRECTOR	1.00	Director	$0	$0	$0
JUELE LITTLE	DIRECTOR	1.00	Director	$0	$0	$0
MARIE NORMAN	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
CANDY KOCH	PRESIDENT	4.00	Officer	$0	$0	$0
LISA ZARICKI	VICE PRESIDENT	2.00	Officer	$0	$0	$0
JOHN SHEA	TREASURER	3.00	Officer	$0	$0	$0
KEVIN CEROVICH	SECRETARY	2.00	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	$62,693	$49,597	$40,685	$13,096
2023	$48,294	$51,289	$27,589	$-2,995
2022	$47,947	$51,406	$30,584	$-3,459
2021	$57,812	$45,671	$34,043	$12,141
2020	$57,117	$49,001	$21,902	$8,116
2019	$49,170	$47,154	$13,786	$2,016
2018	$47,489	$47,372	$11,770	$117

INDEPENDENCE CLUB INCORPORATED