INDEPENDENT LIVING INC

EIN: 710451006 501(c)(3)

FORT SMITH, AR

Total Revenue
$151,527
Total Expenses
$152,910
Total Assets
$783,401
Net Assets
$-939,742
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
AR
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 $137K in total revenue in fiscal year 2022. Expenses of $168K exceeded revenue, resulting in a 22% operating deficit.

Mission

FURNISH HUD HOUSING FOR THE DEVELOPMENTALLY DISABLED.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
13
Independent Members
13
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
6
$291,531
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Arkansas →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare INDEPENDENT LIVING INC with other nonprofits in Arkansas and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.