INDEPENDENCE LANDING INC (EIN 822792376) - 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

2018

Legal Domicile

Principal Officer

BRICE BARNES

Phone

8502960686

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENCE LANDING INC, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 259% from the prior year, signaling strong growth momentum. The organization ran a surplus of $874K, a strong 68% operating margin.

Mission

TO BUILD, OWN, AND OPERATE AN AFFORDABLE SAFE, PLANNED RESIDENTIAL COMMUNITY FOR ADULTS WITH VARYING INTELLECTUAL AND/OR DEVELOPMENTAL DISABILITIES ALLOWING RESIDENTS TO SUCCESSFULLY LEAD INDEPENDENT AND FULFILLED LIVES.

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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 $374,253

Program Service Revenue $13,282

Investment Income $898,304

Other Revenue $0

TOTAL REVENUE $1,285,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,321

Fundraising Expenses $356

Program Expenses $158,160

Other Expenses $305,739

TOTAL EXPENSES $412,060

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,285,839	$358,411	+2.6%
Expenses	$412,060	$80,320	+4.1%
Net Income	$873,779	$278,091	+2.1%

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
BRICE BARNES	CHAIR	20.00	Officer Director	$0	$0	$0
CLINTON BRETT KETCHAM	VICE CHAIR	5.00	Officer Director	$0	$0	$0
DENISE WILSON	SECRETARY	5.00	Officer Director	$0	$0	$0
CINDI GOODSON	TREASURER	5.00	Officer Director	$0	$0	$0
GIL ZIFFER	PAST CHAIR	5.00	Officer Director	$0	$0	$0
STEVE AUGER	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT BREWER	DIRECTOR	2.00	Director	$0	$0	$0
CAROLINE BREWSTER	DIRECTOR	2.00	Director	$0	$0	$0
JON BROWN	DIRECTOR	2.00	Director	$0	$0	$0
VERONICA CATOE	DIRECTOR	2.00	Director	$0	$0	$0
STACY CHAMBERS	DIRECTOR	2.00	Director	$0	$0	$0
LIZ DUDEK	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM EARLE KLAY	DIRECTOR	2.00	Director	$0	$0	$0
DEBIE LEONARD	DIRECTOR	2.00	Director	$0	$0	$0
TERRY MENDICINO	DIRECTOR	2.00	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	$1,285,839	$412,060	$1,872,208	$873,779
2022	$358,411	$80,320	$969,801	$278,091
2021	$212,267	$47,326	$682,718	$164,941
2020	$38,212	$65,734	$517,777	$-27,522
2019	$300,062	$25,317	$544,978	$274,745
2018	$308,990	$40,257	$270,233	$268,733

INDEPENDENCE LANDING INC