INDEPENDENCE FARM INC

EIN: 752407242 501(c)(3) Human Services

CORSICANA, TX

Total Revenue
$437,617
Total Expenses
$435,420
Total Assets
$39,326
Net Assets
$34,439
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

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
1991
Legal Domicile
TX
Principal Officer
SUSAN MILLER
Phone
9038742377
Tax Period
2025-01-01 to 2025-12-31

INDEPENDENCE FARM INC, founded in 1991, is a small nonprofit in the Human Services sector that reported $438K in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year.

Mission

PROVIDE RESIDENTIAL THERAPEUTIC SERVICES FOR EMOTIONALLY DISTURBED CHILDREN UNDER CONTRACTS WITH THE STATE OF TEXAS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $437,617
Investment Income $0
Other Revenue $0
TOTAL REVENUE $437,617

Expense Breakdown

Grants Paid $0
Salaries & Benefits $283,825
Fundraising Expenses $0
Program Expenses $415,136
Other Expenses $151,595
TOTAL EXPENSES $435,420

Year-over-Year Comparison

2025 2024 Change
Revenue $437,617 $487,916 -0.1%
Expenses $435,420 $495,285 -0.1%
Net Income $2,197 $-7,369 -1.3%
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
5
Independent Members
4
Employees
13
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
2
$101,382
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN MILLER PRESIDENT 40.00
Officer
$55,714 $0 $55,714
VIC MILLER VP/SEC 40.00
Officer
$45,668 $0 $45,668
LISA CANTON TREASURER 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
2025 $437,617 $435,420 $39,326 $2,197
2024 $487,916 $495,285 $45,407 $-7,369
2023 $423,853 $502,534 $57,420 $-78,681
2022 $480,400 $492,989 $140,397 $-12,589
2021 $501,467 $457,343 $86,572 $44,124
2020 $440,540 $438,645 $40,860 $1,895
Explore More Nonprofits
→Top 100 Nonprofits in Texas →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare INDEPENDENCE FARM INC with other nonprofits in Texas 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.