FOUNDATION FOR INDEPENDENCE THROUGH EMPLOYMENT (EIN 571020921) - 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

1995

Legal Domicile

Principal Officer

RICHARD ELAM

Phone

8037267143

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR INDEPENDENCE THROUGH EMPLOYMENT, founded in 1995, is a small nonprofit in the Education sector that reported $108K in total revenue in fiscal year 2023. Revenue surged 305% from the prior year, signaling strong growth momentum. Net assets of $1.9M represent 211 months of operating reserves.

Mission

TO PROVIDE SERVICES TO PERSONS WITH DISABILITIES IN THE AREAS OF EMPLOYMENT AND INDEPENDENT LIVING

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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 $93,924

Investment Income $13,831

Other Revenue $0

TOTAL REVENUE $107,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,730

Fundraising Expenses $0

Program Expenses $27,526

Other Expenses $43,584

TOTAL EXPENSES $113,314

Year-over-Year Comparison

	2023	2022	Change
Revenue	$107,755	$26,637	+3.0%
Expenses	$113,314	$107,866	+0.1%
Net Income	$-5,559	$-81,229	-0.9%

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

$64,775

Total Directors

$64,775

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTIN DRIGGERS	DIRECTOR	33.00	Officer Director	$64,775	$0	$64,775
BRANDY HOWER	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD ELAM	SECRETARY/TR	2.00	Officer	$0	$0	$0
LUCERNE ISEMAN	BOARD MEMBER	1.00	Officer	$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
2024	No data	No data	No data	No data
2023	$107,755	$113,314	$1,897,570	$-5,559
2022	$26,637	$107,866	$1,903,129	$-81,229
2021	$54,557	$122,410	$1,984,358	$-67,853
2020	$38,216	$142,479	$2,052,211	$-104,263
2019	$50,374	$118,340	$2,156,474	$-67,966
2018	$129,067	$162,998	$2,224,440	$-33,931

FOUNDATION FOR INDEPENDENCE THROUGH EMPLOYMENT