STOREY LANE INDEPENDENT LIVING INC (EIN 752458006) - 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

1992

Legal Domicile

Principal Officer

ROYCE WAGG

Phone

9726447645

Tax Period

2023-01-01 to 2023-12-31

STOREY LANE INDEPENDENT LIVING INC, founded in 1992, is a small nonprofit in the Human Services sector that reported $160K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $183K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE A SAFE RESIDENTIAL ENVIRONMENT, LIFETIME TRAINING, SUPPORTED LIVING, SUPERVISION AND TRANSPORTATION FOR ADULTS WITH COGNITIVE DISABILITIES, THEREBY ALLOWING THEM TO MAINTAIN INDEPENDENCE

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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 $109,316

Program Service Revenue $0

Investment Income $44,677

Other Revenue $5,712

TOTAL REVENUE $159,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,010

Fundraising Expenses $4,825

Program Expenses $145,351

Other Expenses $91,485

TOTAL EXPENSES $183,320

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,705	$727,111	-0.8%
Expenses	$183,320	$176,975	+0.0%
Net Income	$-23,615	$550,136	-1.0%

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

Employees

Volunteers

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
ALBERT OSTERMANN	PRESIDENT	15.00	Officer Director	$0	$0	$0
DIANE BENTLER	V. PRESIDENT	15.00	Officer Director	$0	$0	$0
GREG CROMER	TREASURER	15.00	Officer Director	$0	$0	$0
KIMBERLY SHAPIRO	SECRETARY	15.00	Officer Director	$0	$0	$0
DEAN HARKINS	BOARD MEMBER	15.00	Director	$0	$0	$0
AILEEN VIDAUD	BOARD MEMBER	15.00	Director	$0	$0	$0
SARAH CAUSEY	EXECUTIVE DIRECTOR	15.00	Officer 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	No data	No data	No data	No data
2023	$159,705	$183,320	$1,191,380	$-23,615
2022	$727,111	$176,975	$1,180,530	$550,136
2021	$171,838	$192,386	$986,699	$-20,548
2020	$148,234	$167,298	$1,025,191	$-19,064
2019	$185,125	$185,949	$1,032,579	$-824
2018	$158,233	$149,296	$1,024,907	$8,937

STOREY LANE INDEPENDENT LIVING INC