OPPORTUNITY FOR INDEPENDENCE INC (EIN 680256574) - 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

1991

Legal Domicile

Principal Officer

LILIYA PETERSON

Phone

4157217772

Tax Period

2023-01-01 to 2023-12-31

OPPORTUNITY FOR INDEPENDENCE INC, founded in 1991, is a community nonprofit in the Human Services sector that reported $3.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $3.1M left a modest 4% surplus.

Mission

OPPORTUNITY FOR INDEPENDENCE (OFI) ADVOCATES SELF-DETERMINATION FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES BY OFFERING AN ARRAY OF INDIVIDUALIZED INNOVATIVE SERVICES AND BEHAVIORAL SUPPORTS TO PROMOTE HAPPY HEALTHY LIVES.

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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 $4,723

Program Service Revenue $3,207,438

Investment Income $31,284

Other Revenue $4,756

TOTAL REVENUE $3,248,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,688,611

Fundraising Expenses $6,418

Program Expenses $2,672,732

Other Expenses $435,092

TOTAL EXPENSES $3,123,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,248,201	$2,966,014	+0.1%
Expenses	$3,123,703	$2,829,269	+0.1%
Net Income	$124,498	$136,745	-0.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$108,461

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILIYA T PETERSON	EXECUTIVE DIREC	40.00	Officer	$108,461	$0	$108,461
LAURA BRIGGIN	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JOSEPH STRELLA	TREASURER	5.00	Officer Director	$0	$0	$0
TOM WOOTEN	SECRETARY	5.00	Officer Director	$0	$0	$0
CHARLIE MOFFETT	DIRECTOR	5.00	Director	$0	$0	$0
HEATHER L CAUGHRON	DIRECTOR	5.00	Director	$0	$0	$0
SUZANNE HUMPHREY	VICE CHAIRMAN	5.00	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	$3,248,201	$3,123,703	$2,507,307	$124,498
2022	$2,966,014	$2,829,269	$2,728,868	$136,745
2021	$2,671,693	$2,253,585	$2,725,693	$418,108
2020	$2,721,757	$2,139,029	$2,619,898	$582,728
2019	$2,281,150	$1,979,798	$1,696,724	$301,352
2018	$2,344,648	$2,136,747	$1,364,943	$207,901

OPPORTUNITY FOR INDEPENDENCE INC