FOUNDATION FOR INDEPENDENT LIVING INC

EIN: 550717488 501(c)(3)

HUNTINGTON, WV

Total Revenue
$412,948
Total Expenses
$402,624
Total Assets
$983,927
Net Assets
$232,230
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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
1986
Legal Domicile
WV
Principal Officer
ANGELA G ADAMS
Phone
3045253324
Tax Period
2023-10-01 to 2024-09-30

FOUNDATION FOR INDEPENDENT LIVING INC, founded in 1986, is a small nonprofit that reported $413K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

SUPPORTING ORGANIZATION FOR MOUNTAIN STATE CENTERS FOR INDEPENDENT LIVING, INC.

Program Service Accomplishments

Program 1
Expenses: $289,866 Revenue: $340,853

TO ASSIST IN THE PROGRAMS OF MOUNTAIN STATE CENTERS FOR INDEPENDENT LIVING, INC.

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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 $0
Program Service Revenue $340,853
Investment Income $0
Other Revenue $72,095
TOTAL REVENUE $412,948

Expense Breakdown

Grants Paid $0
Salaries & Benefits $277,096
Fundraising Expenses $0
Program Expenses $289,866
Other Expenses $125,528
TOTAL EXPENSES $402,624

Year-over-Year Comparison

2023 2022 Change
Revenue $412,948 $326,342 +0.3%
Expenses $402,624 $299,189 +0.3%
Net Income $10,324 $27,153 -0.6%
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
6
Independent Members
6
Employees
21
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
4
$127,234
Total Directors
5
$127,234
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA MCLAIN CHAIRPERSON 1.00
Officer Director
$0 $0 $0
BEVERLY JONES VICE CHAIRPE 1.00
Officer Director
$0 $0 $0
HARRIETT EVANS TREASURER/SE 1.00
Officer Director
$0 $0 $0
PAUL BISER BOARD MEMBER 1.00
Director
$0 $0 $0
PATTY DICKEY BOARD MEMBER 1.00
$0 $0 $0
ANGELA G ADAMS PRESIDENT/CE 1.00
Officer Director
$0 $34,517 $127,234
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 $412,948 $402,624 $983,927 $10,324
2023 $326,342 $299,189 $948,379 $27,153
2022 $214,903 $220,730 $749,579 $-5,827
2021 $179,859 $159,115 $777,101 $20,744
2020 $145,411 $150,014 $806,016 $-4,603
2019 $729,902 $256,121 $1,107,032 $473,781
2018 $147,563 $159,661 $524,049 $-12,098
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