ENDEPENDENCE CENTER INC (EIN 541250288) - 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

1983

Legal Domicile

Principal Officer

NICHOLE DAVIS

Phone

7574618007

Tax Period

2023-10-01 to 2024-09-30

ENDEPENDENCE CENTER INC, founded in 1983, is a community nonprofit in the Unknown sector that reported $2.1M in total revenue in fiscal year 2017.

Mission

THE ENDEPENDENCE CENTER, INCORPORATED (ECI) IS A CONSUMER CONTROLLED, COMMUNITY-BASED, CROSS-DISABILITY, NON-RESIDENTIAL, PRIVATE, NON-PROFIT CENTER FOR INDEPENDENT LIVING (CIL)OPERATED BY AND FOR INDIVIDUALS WITH DISABILITIES IN SOUTH HAMPTON ROADS, INCLUDING THE CITIES OF CHESAPEAKE, NORFOLK, PORTSMOUTH, FRANKLIN, SUFFOLK, VIRGINIA BEACH AND ISLE OF WIGHT COUNTY. ECI PROVIDES AN ARRAY OF INDEPENDENT LIVING SERVICES TO INDIVIDUALS WITH DISABILITIES AND TO THE COMMUNITY. THE PURPOSES OF ECI ARE TWO-FOLD; TO PREPARE INDIVIDUALS, AND TO PREPARE THE COMMUNITY FOR FULL INTEGRATION OF PERSONS WITH DISABILITIES INTO SOCIETY. THESE GOALS ARE ACCOMPLISHED BY THE FOLLOWING STRATEGIES: (1) THE PROVISION OF DIRECT SERVICES TO INDIVIDUALS WITH SEVERE DISABILITIES, THAT RESULT IN A GREATER LEVEL OF INDEPENDENCE AND COMMUNITY INTEGRATION/ FUNCTIONING (2) THE PROVISION OF SERVICES/ADVOCACY IN THE COMMUNITY THAT RESULT IN A GREATER AWARENESS OF DISABILITY ISSUES, PHYSICAL AND PROGRAMMATIC ACCESSIBILIT

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,621,181

Program Service Revenue $490,108

Investment Income $95

Other Revenue $2,180

TOTAL REVENUE $2,113,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,602,400

Fundraising Expenses $0

Program Expenses $1,725,441

Other Expenses $509,971

TOTAL EXPENSES $2,112,371

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,113,564	$2,024,384	+0.0%
Expenses	$2,112,371	$2,037,654	+0.0%
Net Income	$1,193	$-13,270	-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

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

$112,097

Total Directors

$112,097

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISBET DULA	PRESIDENT	2.00	Officer Director	$0	$0	$0
MALCOLM HIGGINGS II ESQ	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CECILIA SIMMONS	TREASURER	2.00	Officer Director	$0	$0	$0
KAMBRIA LANETTIE	MEMBER	1.00	Director	$0	$0	$0
DEON LATHAM	MEMBER	1.00	Director	$0	$0	$0
ERIKA NEVILLE	MEMBER	1.00	Director	$0	$0	$0
NANCY PERRY	MEMBER	1.00	Director	$0	$0	$0
NICHOLE DAVIS	EXECUTIVE DI	40.00	Officer Director	$112,097	$0	$112,097

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	$2,113,564	$2,112,371	$738,420	$1,193
2023	$2,024,384	$2,037,654	$721,767	$-13,270
2022	$2,055,074	$2,028,041	$827,737	$27,033
2021	$2,243,086	$2,166,955	$705,983	$76,131
2020	$2,287,794	$2,152,874	$683,438	$134,920
2019	$2,014,107	$2,021,634	$490,330	$-7,527
2018	$2,126,335	$2,138,020	$473,379	$-11,685

ENDEPENDENCE CENTER INC