INDEPENDENCE HILL INC (EIN 721545927) - 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

2004

Legal Domicile

Principal Officer

JOSEPH THOMPSON

Phone

3038303300

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENCE HILL INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $195K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $239K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE HOUSING FACILITIES AND SERVICES TO LOW-INCOME ELDERLY AND HANDICAPPED PERSONS

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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 $133,346

Program Service Revenue $61,020

Investment Income $60

Other Revenue $320

TOTAL REVENUE $194,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $228,065

Other Expenses $239,206

TOTAL EXPENSES $239,206

Year-over-Year Comparison

	2023	2022	Change
Revenue	$194,746	$174,640	+0.1%
Expenses	$239,206	$219,677	+0.1%
Net Income	$-44,460	$-45,037	0.0%

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

N/A

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

$1,311,671

Total Directors

$578,918

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLIN MORGAN-CROSS	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$12,236	$194,690
JOSEPH THOMPSON	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$42,779	$277,680
SHERIF AZAB	VICE PRESIDENT/DIRECTOR (UNTIL 6/23)	1.00	Officer Director	$0	$1,425	$57,012
MENA PEEBLES	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$6,413	$49,536
CHAD PAYNE	TREASURER	1.00	Officer	$0	$8,496	$200,685
JOSEPH ROSENBLUM	SECRETARY	1.00	Officer	$0	$10,201	$232,549
MELISSA CLAYTON	VICE PRESIDENT	1.00	Officer	$0	$33,798	$299,519

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	$194,746	$239,206	$692,184	$-44,460
2022	$174,640	$219,677	$704,340	$-45,037
2021	$163,993	$221,800	$757,201	$-57,807
2020	$162,680	$188,520	$811,972	$-25,840
2019	$141,467	$178,166	$840,349	$-36,699
2018	$137,990	$177,033	$862,035	$-39,043

INDEPENDENCE HILL INC