FOUNDATION FOR INDEPENDENT LIVING INC (EIN 550717488) - Form 990 Financial Analysis & Trantor Score

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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

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.

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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%)

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

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

$127,234

Total Directors

$127,234

Key Employees

Highest Compensated

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

FOUNDATION FOR INDEPENDENT LIVING INC