FOUNDATION FOR INDEPENDENCE THROUGH EMPLOYMENT

EIN: 571020921 501(c)(3) Education

LEXINGTON, SC

Total Revenue
$107,755
Total Expenses
$113,314
Total Assets
$1,897,570
Net Assets
$1,897,570
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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
SC
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

Program Service Accomplishments

Program 1
Expenses: $18,552 Revenue: $93,924

JOB TRAINING AND PLACEMENT FOR PERSONS WITH DISABILITIES, INCLUDING FINANCIAL ASSISTANCE TO ACQUIRE ASSISTIVE TECHNOLOGY THAT LEADS TO EMPLOYMENT AND A MORE INDEPENDENT LIFE

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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 $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

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Governance

Voting Members
3
Independent Members
3
Employees
1
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
3
$64,775
Total Directors
2
$64,775
Key Employees
0
$0
Highest Compensated
0
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
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