INDEPENDENCE MANOR II INC (EIN 752016313) - 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

1986

Legal Domicile

Principal Officer

KATHY STRONG

Phone

9365644970

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENCE MANOR II INC, founded in 1986, is a small nonprofit that reported $390K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $77K, a strong 20% operating margin.

Mission

PROVIDE AFFORDABLE HOUSING FOR ELIGIBLE LOW INCOME HANDICAPPED INDIVIDUALS.

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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 $271,355

Program Service Revenue $118,266

Investment Income $270

Other Revenue $0

TOTAL REVENUE $389,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,386

Fundraising Expenses $0

Program Expenses $312,403

Other Expenses $194,017

TOTAL EXPENSES $312,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$389,891	$359,552	+0.1%
Expenses	$312,403	$349,061	-0.1%
Net Income	$77,488	$10,491	+6.4%

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

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
WANDA CUNIFF	DEACON	N/A	Director	$0	$0	$0
PAUL JACKSON	MEMBER	N/A	Director	$0	$0	$0
WENDY KILLAM	MEMBER	N/A	Director	$0	$0	$0
JACK NELSON	MEMBER	N/A	Director	$0	$0	$0
TODD PETERSHAGEN	MEMBER	N/A	Director	$0	$0	$0
GORDON REYNOLDS	MEMBER	N/A	Director	$0	$0	$0
KATHY STRONG	PRESIDENT	N/A	Officer Director	$0	$0	$0
BILL WEBER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CAROL WILLIS	MEMBER	N/A	Director	$0	$0	$0
TOM YARBROUGH	FINANCIAL OF	N/A	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
2024	$389,891	$312,403	$465,916	$77,488
2023	$359,552	$349,061	$447,734	$10,491
2022	$353,577	$381,668	$504,196	$-28,091
2021	$424,660	$420,069	$549,784	$4,591
2020	$393,830	$356,882	$602,685	$36,948
2019	$341,022	$342,903	$617,214	$-1,881
2018	$341,538	$313,590	$676,574	$27,948

INDEPENDENCE MANOR II INC