INDEPENDENCE SQUARE INC (EIN 742291607) - 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

1983

Legal Domicile

Principal Officer

CAROL WHITE

Phone

2105310577

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENCE SQUARE INC, founded in 1983, is a small nonprofit in the Human Services sector that reported $253K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $66K, a strong 26% operating margin.

Mission

HUD SUBSIDIZED APARTMENT PROGRAM PROVIDING AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES EXCLUSIVELY FOR ADULTS WITH DEVELOPMENTAL DISABILITIES.

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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 $251,133

Investment Income $1,625

Other Revenue $0

TOTAL REVENUE $252,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,342

Fundraising Expenses $0

Program Expenses $167,043

Other Expenses $131,273

TOTAL EXPENSES $186,615

Year-over-Year Comparison

	2024	2023	Change
Revenue	$252,758	$229,775	+0.1%
Expenses	$186,615	$184,073	+0.0%
Net Income	$66,143	$45,702	+0.4%

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

$116,841

Total Directors

$264,687

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KNOX PITTS	PRESIDENT	0.50	Officer Director	$0	$0	$0
CAROL WHITE	SECRETARY	1.00	Officer Director	$0	$0	$116,841
LORA BUTLER	MEMBER	1.00	Director	$0	$0	$147,846
JAN HAMMER	MEMBER	0.50	Director	$0	$0	$0
BEVERLY BARSHOP	MEMBER	0.50	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	$252,758	$186,615	$323,479	$66,143
2024	$229,775	$184,073	$293,776	$45,702
2023	$234,412	$201,672	$286,880	$32,740
2022	$231,181	$215,979	$290,804	$15,202
2021	$202,327	$197,252	$298,325	$5,075
2020	$227,836	$176,150	$321,525	$51,686
2019	$213,910	$191,021	$295,288	$22,889
2018	$254,717	$177,258	$307,985	$77,459

INDEPENDENCE SQUARE INC