INDEPENDENCE PLACE (EIN 611184753) - 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

1990

Legal Domicile

Principal Officer

SIERRA POTTER

Phone

8592662807

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENCE PLACE, founded in 1990, is a small nonprofit in the Human Services sector that reported $494K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $465K left a modest 6% surplus.

Mission

INDEPENDENCE PLACE, INC. IS A CONSUMER-CONTROLLED COMMUNITY-BASED, CROSS- DISABILITY, NONRESIDENTIAL, PRIVATE NONPROFIT AGENCY THAT IS DESIGNED AND OPERATED WITHIN A LOCAL COMMUNITY BY INDIVIDUALS WITH DISABILITIES AND THAT PROVIDE AN ARRAY OF INDEPENDENT LIVING SERVICES. INDEPENDENCE PLACE'S MISSION IS TO ASSIST PEOPLE WITH DISABILITIES TO ACHIEVE THEIR FULL POTENTIAL FOR COMMUNITY INCLUSION THROUGH IMPROVING ACCESS, CHOICE, AND EQUAL OPPORTUNITY.

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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 $237

Program Service Revenue $493,264

Investment Income $0

Other Revenue $0

TOTAL REVENUE $493,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $356,761

Fundraising Expenses $0

Program Expenses $395,224

Other Expenses $108,204

TOTAL EXPENSES $464,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$493,501	$437,994	+0.1%
Expenses	$464,965	$461,151	+0.0%
Net Income	$28,536	$-23,157	-2.2%

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

N/A

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
DARRELL MATTINGLY	DIRECTOR	1.00	Director	$0	$0	$0
AMY KOSTELIC	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NICK WALLACE	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID HARTSEK	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS GAINES	DIRECTOR	1.00	Director	$0	$0	$0
CHRISSY HERREN	DIRECTOR	1.00	Director	$0	$0	$0
SIERRA MILLER	EXECUTIVE DIRECTOR	40.00	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
2023	$493,501	$464,965	$134,759	$28,536
2022	$437,994	$461,151	$112,054	$-23,157
2021	$385,630	$329,725	$153,575	$55,905
2020	$338,339	$309,677	$119,200	$28,662
2019	$354,607	$298,380	$88,782	$56,227
2018	$255,350	$302,249	$68,701	$-46,899

INDEPENDENCE PLACE