CENTER FOR INDEPENDENCE FOUNDATION… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

KRISTIN KLINE

Phone

6053525698

Tax Period

2025-01-01 to 2025-12-31

CENTER FOR INDEPENDENCE FOUNDATION INC, founded in 2002, is a micro nonprofit in the Human Services sector that reported $59K in total revenue in fiscal year 2025. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $31K, a strong 53% operating margin.

Mission

IT IS THE MISSION OF THE CENTER FOR INDEPENDENCE FOUNDATION TO SOLICIT AND MANAGE BOTH CURRENT AND ADVANCE GIFTS OF MONEY AND PROPERTY EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO PROMOTE COMMUNITY ACCESS AND INDEPENDENCE FOR PERSONS WITH DEVELOPMENTAL DISABILITIES, ESPECIALLY THOSE PERSONS SERVED BY THE HURON AREA CENTER FOR INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $2,800

SCHOLARSHIP FUND: PROVIDED SCHOLARSHIPS TO 4 RECIPIENTS THAT ENROLLED AS A STUDENT AT AN INSTITUTION OF HIGHER EDUCATION. ALL RECIPIENTS ARE THE CHILDREN OF FULL TIME EMPLOYEES OF THE SUPPORTED...

SCHOLARSHIP FUND: PROVIDED SCHOLARSHIPS TO 4 RECIPIENTS THAT ENROLLED AS A STUDENT AT AN INSTITUTION OF HIGHER EDUCATION. ALL RECIPIENTS ARE THE CHILDREN OF FULL TIME EMPLOYEES OF THE SUPPORTED ORGANIZATION.

Program 2

Expenses: $6,172

ASSIST WITH ACCESSIBILITY FOR THE SD STATE FAIR

Program 3

Expenses: $5,259

COMMUNITY ACTIVITY AND TRAINING: PROVIDE EDUCATION AND EDUCATION OPPORTUNITIES TO CONNECT COMMUNITY MEMBERS WITH PERSONS OF DEVELOPMENTAL DISABILITY

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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 (2025)

Revenue Breakdown

Contributions & Grants $34,179

Program Service Revenue $0

Investment Income $13,587

Other Revenue $10,859

TOTAL REVENUE $58,625

Expense Breakdown

Grants Paid $21,056

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,056

Other Expenses $6,503

TOTAL EXPENSES $27,559

Year-over-Year Comparison

	2025	2024	Change
Revenue	$58,625	$37,332	+0.6%
Expenses	$27,559	$26,956	+0.0%
Net Income	$31,066	$10,376	+2.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE CHARRON	DIRECTOR	0.25	Director	$0	$0	$0
SCOTT CORDTS	VICE CHAIRMA	0.25	Officer Director	$0	$0	$0
MATTHEW DUBOIS	DIRECTOR	0.25	Director	$0	$0	$0
ANDREW DEL GROSSO	DIRECTOR	0.25	Director	$0	$0	$0
TED HAEDER	DIRECTOR	0.25	Director	$0	$0	$0
JESSICA HOTCHKISS	DIRECTOR	0.25	Director	$0	$0	$0
KRISTIN KLINE	SECRETARY	1.00	Officer Director	$0	$0	$0
DOUG PIETZ	DIRECTOR	0.25	Director	$0	$0	$0
SCOTT SLEPIKAS	CHAIRMAN	0.25	Officer Director	$0	$0	$0
BONNIE WAGNER	DIRECTOR	0.25	Director	$0	$0	$0
DREW WEINREIS	DIRECTOR	0.25	Director	$0	$0	$0
LAURA WILLEMSSEN	TREASURER	0.25	Officer Director	$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
2025	$58,625	$27,559	$605,848	$31,066
2024	No data	No data	No data	No data
2023	$48,096	$30,912	$543,258	$17,184
2022	$42,936	$30,720	$515,614	$12,216
2021	$104,389	$30,235	$512,720	$74,154

CENTER FOR INDEPENDENCE FOUNDATION INC