INDEPENDENT LIVING INC

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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

1973

Legal Domicile

Principal Officer

VERLYNE G MILLER

Phone

4794785606

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENT LIVING INC, founded in 1973, is a small nonprofit that reported $152K in total revenue in fiscal year 2024.

Mission

TO ESTABLISH PLACES OF RESIDENCE FOR ADULTS WHO ARE DEVELOPMENTALLY DISABLED SO AS TO ENABLE THEM TO HAVE AVAILABLE AN ENVIRONMENT WHICH IS CONDUSIVE TO THEIR BECOMING AND REMAINING PRODUCTIVE MEMBERS IN SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $152,910 Revenue: $151,527

FURNISH HUD HOUSING FOR THE DEVELOPMENTALLY DISABLED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $150,410

Investment Income $1,117

Other Revenue $0

TOTAL REVENUE $151,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,977

Fundraising Expenses $0

Program Expenses $152,910

Other Expenses $146,933

TOTAL EXPENSES $152,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,527	$145,368	+0.0%
Expenses	$152,910	$167,476	-0.1%
Net Income	$-1,383	$-22,108	-0.9%

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

$291,531

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHI MCMAHAN	PRESIDENT	0.10	Officer Director	$0	$0	$0
KIRBY COCKRUM	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
JAKE SIBLEY	TREASURER	0.10	Officer Director	$0	$0	$0
SUSAN HINSHAW	SECRETARY	0.10	Officer Director	$0	$0	$0
ASHELY WISDOM	BOARD MEMBER	0.10	Director	$0	$0	$0
BRANDON O'NEAL	BOARD MEMBER	0.10	Director	$0	$0	$0
CHRIS HENDRICK	BOARD MEMBER	0.10	Director	$0	$0	$0
JENNIFER JOHNSON	BOARD MEMBER	0.10	Director	$0	$0	$0
KENNETH TURNER	BOARD MEMBER	0.10	Director	$0	$0	$0
KIMBERLY MOLINARO	BOARD MEMBER	0.10	Director	$0	$0	$0
LARRY ZIGERELLI	BOARD MEMBER	0.10	Director	$0	$0	$0
LEEANN NEIDECKER	BOARD MEMBER	0.10	Director	$0	$0	$0
MARIE HOLLAND	BOARD MEMBER	0.10	Director	$0	$0	$0
MARY ANN ARNOLD	BOARD MEMBER	0.10	Director	$0	$0	$0
RICH GREEN	BOARD MEMBER	0.10	Director	$0	$0	$0
TAMMY CHASE	BOARD MEMBER	0.10	Director	$0	$0	$0
TRAVIS NEER	BOARD MEMBER	0.10	Director	$0	$0	$0
KATIE RAINES	EXECUTIVE DIRECTOR - BOST	5.00	Officer	$0	$0	$202,127
VERLYNE G MILLER	DIRECTOR OF FINANCE - BOST	5.00	Officer	$0	$0	$89,404

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	$151,527	$152,910	$783,401	$-1,383
2024	$145,368	$167,476	$726,522	$-22,108
2023	$137,251	$167,839	$731,215	$-30,588