INDEPENDENCE RESOURCE CENTER INC (EIN 541265236) - 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

1984

Legal Domicile

Principal Officer

Thomas Vandever

Phone

4349719629

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENCE RESOURCE CENTER INC, founded in 1984, is a small nonprofit that reported $525K in total revenue in fiscal year 2021.

Mission

The mission of the organization is "to foster an environment that allows people with disabilities to live as independently as they choose."

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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 $676,004

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $676,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $340,697

Fundraising Expenses $13,628

Program Expenses $517,495

Other Expenses $340,221

TOTAL EXPENSES $680,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$676,004	$667,980	+0.0%
Expenses	$680,918	$552,711	+0.2%
Net Income	$-4,914	$115,269	-1.0%

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

$96,000

Total Directors

$96,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Wimbish	Chair	1.00	Officer Director	$0	$0	$0
Mildred Spicer	Vice Chair	1.00	Officer Director	$0	$0	$0
Penney Dodson	Secretary	1.00	Officer Director	$0	$0	$0
Gino Wilson	Director	1.00	Director	$0	$0	$0
Traquan Dunn	Director	1.00	Director	$0	$0	$0
Cor'Rales Dupree	Director	1.00	Director	$0	$0	$0
Jennifer Brown	Treasurer	1.00	Officer Director	$0	$0	$0
Thomas Vandever	CEO-Executive Director	40.00	Officer Director	$96,000	$0	$96,000

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
2025	$676,004	$680,918	$98,305	$-4,914
2024	$667,980	$552,711	$101,177	$115,269
2023	$638,763	$559,213	$79,550	$79,550
2022	$525,484	$526,575	$42,681	$-1,091

INDEPENDENCE RESOURCE CENTER INC