INDEPENDENCE COMMUNITIES INC (EIN 550809542) - 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

2002

Legal Domicile

Principal Officer

LEONARD PECK

Phone

9365216100

Tax Period

2025-01-01 to 2025-12-31

INDEPENDENCE COMMUNITIES INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $222K in total revenue in fiscal year 2025. Expenses of $255K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE HOUSING FACILITIES FOR INDIVIDUALS WITH DISABILITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $222,254

Investment Income $119

Other Revenue $0

TOTAL REVENUE $222,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,848

Fundraising Expenses $0

Program Expenses $231,369

Other Expenses $177,286

TOTAL EXPENSES $255,134

Year-over-Year Comparison

	2025	2024	Change
Revenue	$222,373	$209,403	+0.1%
Expenses	$255,134	$254,672	+0.0%
Net Income	$-32,761	$-45,269	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONARD PECK	PRESIDENT	1.00	Officer Director	$0	$0	$0
MORRIS JOHNSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CYNTHIA CUNNINGHAM	SEC/TREAS	1.00	Officer Director	$0	$0	$0
LOIS LEVINGTON	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
DIANE BALDERAS	DIRECTOR	1.00	Director	$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
2025	$222,373	$255,134	$832,079	$-32,761
2024	$209,403	$254,672	$845,393	$-45,269
2023	$195,551	$239,397	$882,180	$-43,846
2022	$179,135	$224,723	$910,357	$-45,588
2021	$181,174	$213,477	$933,925	$-32,303
2020	$154,644	$247,289	$989,290	$-92,645
2019	$155,886	$190,929	$1,027,310	$-35,043
2018	$149,880	$186,697	$1,044,394	$-36,817

INDEPENDENCE COMMUNITIES INC