INDEPENDENT DEVELOPMENT SERVICES CORPORATION (EIN 650592148) - 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

THOMAS WALLACE

Phone

2396525588

Tax Period

2023-10-01 to 2024-09-30

INDEPENDENT DEVELOPMENT SERVICES CORPORATION, founded in 1995, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

JOB CREATION AND RETENTION THROUGH SBA LENDING.

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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 $1,493,601

Investment Income $0

Other Revenue $89,340

TOTAL REVENUE $1,582,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,340,435

Fundraising Expenses $0

Program Expenses $1,491,986

Other Expenses $284,643

TOTAL EXPENSES $1,625,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,582,941	$1,700,032	-0.1%
Expenses	$1,625,078	$1,595,957	+0.0%
Net Income	$-42,137	$104,075	-1.4%

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

$144,029

Total Directors

$144,029

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAKIM KASSAM	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL ADMIRE-BERGAU	DIRECTOR	2.00	Director	$0	$0	$0
MIKE KOZAK	ASSISTANT SECRETARY	2.00	Director	$0	$0	$0
MARK LIZZI	DIRECTOR	2.00	Director	$0	$0	$0
HALEY CASSELMAN	DIRECTOR	2.00	Director	$0	$0	$0
LESTER CLARK	CHAIR	2.00	Officer Director	$0	$0	$0
SUZANNE SPECHT	SECRETARY / TREASURER	2.00	Officer Director	$0	$0	$0
DAN BOCKHORST	DIRECTOR	2.00	Officer Director	$0	$0	$0
AL WILLIAMS	ASSISTANT SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL GREENHOE	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS WALLACE	PRESIDENT / ASST. SECRETAR	60.00	Officer Director	$144,029	$0	$144,029
MARGARET GUZINSKI	SENIOR VICE PRESIDENT	60.00	Highest	$131,685	$0	$131,685
WILLIAM RIDGEWAY	VP & SENIOR UNDERWRITER	60.00	Highest	$102,592	$0	$102,592
ERIC MILLER	VICE PRESIDENT	60.00	Highest	$100,353	$0	$100,353

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	$1,582,941	$1,625,078	$363,862	$-42,137
2023	$1,700,032	$1,595,957	$402,264	$104,075
2022	$1,612,655	$1,777,142	$394,969	$-164,487
2021	$1,844,641	$1,820,477	$4,700,122	$24,164
2020	$1,592,157	$1,530,791	$1,102,848	$61,366
2019	$1,462,763	$1,450,502	$336,484	$12,261
2018	$1,343,450	$1,353,856	$256,250	$-10,406

INDEPENDENT DEVELOPMENT SERVICES CORPORATION