LIVING INDEPENDENCE NETWORK COPORA… - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

JEREMY MAXAND

Phone

2083363335

Tax Period

2023-10-01 to 2024-09-30

LIVING INDEPENDENCE NETWORK COPORATION, founded in 1988, is a community nonprofit in the Human Services sector that reported $5.6M in total revenue in fiscal year 2023. Expenses of $6.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

LIVING INDEPENDENCE NETWORK CORPORATION (LINC), A NON-PROFIT ORGANIZATION, EMPOWERS PEOPLE WITH DISABILITIES TO ACHIEVE THEIR DESIRED LEVEL OF INDEPENDENCE. LINC PROMOTES PERSONAL GROWTH AND FREEDOM OF CHOICE THROUGH ADVOCACY, NETWORKING, PUBLIC AWARENESS, AND MODIFICATION OF ENVIRONMENTS.

Program Service Accomplishments

Program 1

Expenses: $3,448,456 Revenue: $4,984,107

PROVIDED SERVICES TO DISABLED INDIVIDUALS THROUGH INDEPENDENT LIVING CENTER PROGRAMS, COUNSELING AND INDEPENDENT LIVING SUPPORT SERVICES, ADVOCACY, PUBLIC AWARENESS, PERSONAL ATTENDANTS, AND OTHER...

PROVIDED SERVICES TO DISABLED INDIVIDUALS THROUGH INDEPENDENT LIVING CENTER PROGRAMS, COUNSELING AND INDEPENDENT LIVING SUPPORT SERVICES, ADVOCACY, PUBLIC AWARENESS, PERSONAL ATTENDANTS, AND OTHER PROGRAMS. 745 PEOPLE WERE ASSISTED DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2024. 232 WITH PHYSICAL DISABILITIES, 155 WITH MENTAL/EMOTIONAL DISABILITIES, 61 WITH COGNITIVE DISABILITIES, 44 WITH VISION DISABILITIES, 7 WITH HEARING DISABILITIES, 57 WITH MULTIPLE DISABILITIES, AND 189 WITH "OTHER" DISABILITIES.

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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 $147,133

Program Service Revenue $4,984,107

Investment Income $437,261

Other Revenue $0

TOTAL REVENUE $5,568,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,198,337

Fundraising Expenses $0

Program Expenses $3,448,456

Other Expenses $995,586

TOTAL EXPENSES $6,193,923

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,568,501	$5,567,369	+0.0%
Expenses	$6,193,923	$5,643,686	+0.1%
Net Income	$-625,422	$-76,317	+7.2%

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

361

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

$129,292

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN WRIGHT	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
CHRIS PRUETT	TREASURER/SECRETARY	2.00	Officer Director	$0	$0	$0
DANA GOVER	DIRECTOR	2.00	Director	$0	$0	$0
SHARON HENDERSON	DIRECTOR	2.00	Director	$0	$0	$0
HERNAN REYES	DIRECTOR	2.00	Director	$0	$0	$0
DEANNA SCHERRER	DIRECTOR	2.00	Director	$0	$0	$0
PAULA MASON	DIRECTOR	2.00	Director	$0	$0	$0
BLUE HADDON	DIRECTOR	2.00	Director	$0	$0	$0
JEREMY MAXAND	EXECUTIVE DIRECTOR	40.00	Officer	$91,088	$38,204	$129,292

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	$5,568,501	$6,193,923	$3,951,582	$-625,422
2023	$5,567,369	$5,643,686	$4,559,289	$-76,317
2022	$4,250,387	$4,237,648	$4,889,096	$12,739
2021	$5,102,724	$5,076,989	$5,763,506	$25,735
2020	$5,320,015	$4,739,522	$5,249,063	$580,493
2019	$5,161,361	$4,612,876	$4,726,956	$548,485
2018	$5,255,610	$4,716,309	$4,393,426	$539,301

LIVING INDEPENDENCE NETWORK COPORATION