INDEPENDENCE FARM INC

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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

1991

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $415,136

PROVIDE RESIDENTIAL THERAPEUTIC SERVICES FOR EMOTIONALLY DISTURBED CHILDREN

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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 $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

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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

$101,382

Total Directors

Key Employees

Highest Compensated

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