NORTH CENTRAL INDEPENDENT LIVING SERVICES INC (EIN 810459042) - 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

1989

Legal Domicile

Principal Officer

MARGARET KEENER

Phone

4064529834

Tax Period

2023-10-01 to 2024-09-30

NORTH CENTRAL INDEPENDENT LIVING SERVICES INC, founded in 1989, is a community nonprofit in the Human Services sector that reported $6.0M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $5.7M left a modest 6% surplus.

Mission

PROVIDE ACCESS TO A MORE INDEPENDENT LIFESTYLE FOR PERSONS WITH DISABILITIES THROUGH ADVOCACY, PUBLIC EDUCATION, COORDINATION OF SERVICES AND INFORMATION.

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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 $539,200

Program Service Revenue $5,450,448

Investment Income $15,780

Other Revenue $0

TOTAL REVENUE $6,005,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,000,555

Fundraising Expenses $0

Program Expenses $5,111,443

Other Expenses $664,625

TOTAL EXPENSES $5,665,180

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,005,428	$5,041,506	+0.2%
Expenses	$5,665,180	$5,049,939	+0.1%
Net Income	$340,248	$-8,433	-41.3%

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

376

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

$124,525

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLLEEN BARTLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANN TUSS	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUG MCELROY	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MARGARET KEENER	EXECUTIVE DIRECTOR	40.00	Officer	$57,425	$0	$57,425
TOM OSBORN	FORMER CEO	40.00	Officer	$67,100	$0	$67,100

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	$6,005,428	$5,665,180	$4,631,857	$340,248
2023	$5,041,506	$5,049,939	$4,267,105	$-8,433
2022	$5,203,226	$4,976,773	$4,206,993	$226,453
2021	$4,897,319	$4,578,216	$3,926,412	$319,103
2020	$4,996,715	$4,547,303	$3,597,615	$449,412
2019	$4,900,170	$4,348,738	$3,114,830	$551,432
2018	$3,819,217	$3,559,589	$2,541,393	$259,628

NORTH CENTRAL INDEPENDENT LIVING SERVICES INC