INDEPENDENT LIVING ASSOCIATES OF THE MUSCLE SHOALS AREA INC (EIN 630852988) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

COY JOHNSON

Phone

2567405206

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENT LIVING ASSOCIATES OF THE MUSCLE SHOALS AREA INC, founded in 1992, is a small nonprofit that reported $171K in total revenue in fiscal year 2017. Revenue decreased 11% compared to the prior year.

Mission

PROVIDE LOW-INCOME HOUSING-20 1 BEDROOM APARTMENTS FOR THE CHRONICALLY MENTALLY ILL, WHO ARE CAPABLE OF LIVING INDEPENDENTLY

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $110,806

Program Service Revenue $76,925

Investment Income $467

Other Revenue $0

TOTAL REVENUE $188,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,075

Fundraising Expenses $0

Program Expenses $224,873

Other Expenses $220,941

TOTAL EXPENSES $236,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$188,198	$206,514	-0.1%
Expenses	$236,016	$209,370	+0.1%
Net Income	$-47,818	$-2,856	+15.7%

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

$199,030

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COY JOHNSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT REDD	COMMISIONER	1.00	Officer Director	$0	$0	$0
RUSSELL CARBINE	COMMISIONER	1.00	Director	$0	$0	$0
JEFFREY JONES	COMMISIONER	1.00	Director	$0	$0	$0
PAMELA THOMPSON	COMMISIONER	1.00	Director	$0	$0	$0
MAGGIE PEREZ	EXECUTIVE DIRECTOR	1.00	Officer	$0	$38,874	$199,030

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	$188,198	$236,016	$329,125	$-47,818
2024	$206,514	$209,370	$364,761	$-2,856
2023	$187,750	$215,443	$378,192	$-27,693
2022	$179,197	$213,252	$407,896	$-34,055
2021	$194,778	$179,574	$456,491	$15,204
2020	$183,595	$180,082	$463,784	$3,513
2019	$184,000	$202,691	$491,677	$-18,691
2018	$170,964	$183,711	$487,644	$-12,747

INDEPENDENT LIVING ASSOCIATES OF THE MUSCLE SHOALS AREA INC