FOUNDATION FOR INDEPENDENT LIVING INC

EIN: 592656932 501(c)(3)

COCONUT CREEK, FL

Total Revenue
$2,357,097
Total Expenses
$2,437,939
Total Assets
$2,049,016
Net Assets
$1,672,973
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
FL
Principal Officer
BETTY CADET
Phone
9549686472
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR INDEPENDENT LIVING INC, founded in 1985, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

THE FOUNDATION FOR INDEPENDENT LIVING, INC. FOCUSES ON THE WELFARE OF INDIVIDUALS EIGHTEEN (18) YEARS OF AGE AND OLDER WITH INTELLECTUAL DISABILITIES WHO ARE CAPABLE OF LIVING INDEPENDENTLY WITH PROFESSIONAL ASSISTANCE AND GUIDANCE. THE FOUNDATION PROVIDES AN OPPORTUNITY FOR INDIVIDUALS TO LIVE APART FROM THEIR FAMILIES WHILE ENCOURAGING THEM TO OBTAIN THEIR HIGHEST LEVEL OF INDEPENDENCE. THESE OPPORTUNITIES ARE PROVIDED BY PROGRAMMATICALLY OFFERING A COMMUNITY BASED ENVIRONMENT DESIGNED TO ENCHANCE OPPORTUNITIES FOR GROWTH AND MAXIMIZING INDIVIDUALS' STRENGTHS. THE FOUNDATION WAS CREATED TO ASSIST EACH INDIVIDUAL IN LIVING AS INDEPENDENT A LIFESTYLE AS POSSIBLE.

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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 $138,454
Program Service Revenue $2,110,545
Investment Income $119,947
Other Revenue $-11,849
TOTAL REVENUE $2,357,097

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,517,533
Fundraising Expenses $0
Program Expenses $2,121,002
Other Expenses $920,406
TOTAL EXPENSES $2,437,939

Year-over-Year Comparison

2023 2022 Change
Revenue $2,357,097 $2,978,949 -0.2%
Expenses $2,437,939 $2,421,044 +0.0%
Net Income $-80,842 $557,905 -1.1%
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
9
Independent Members
9
Employees
38
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
6
$110,172
Total Directors
4
$48,876
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIFFANIE BEDERMAN DIRECTOR 2.00
Director
$48,876 $0 $48,876
JILL PUTTRICH DIRECTOR 2.00
Director
$0 $0 $0
CLINT COREY DIRECTOR 2.00
Director
$0 $0 $0
ROY THOMPSON DIRECTOR 2.00
Director
$0 $0 $0
STEVE BEDERMAN CHAIRMAN 2.00
Officer
$0 $0 $0
LARRY KOCH TREASURER 2.00
Officer
$0 $0 $0
JEFFREY LECK DIRECTOR 2.00
Officer
$0 $0 $0
CHARLES MISHNER PRESIDENT 2.00
Officer
$0 $0 $0
DANNY SIMON SECRETARY 2.00
Officer
$0 $0 $0
BETTY CADET EXECUTIVE DIRECTOR 40.00
Officer
$105,063 $5,109 $110,172
MARK A JACOBY EXECUTIVE DIRECTOR 40.00
$122,505 $8,000 $130,505
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 $2,357,097 $2,437,939 $2,049,016 $-80,842
2022 $2,978,949 $2,421,044 $2,282,122 $557,905
2021 $2,267,283 $2,032,389 $1,527,386 $234,894
2020 $1,650,283 $1,904,181 $1,318,692 $-253,898
2019 $2,929,281 $2,932,225 $1,345,725 $-2,944
2018 $2,689,052 $2,634,881 $1,194,213 $54,171
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