Seniors Independent Living Collaborative

EIN: 823618463 501(c)(3) Human Services

Chicago, IL

Total Revenue
$325,070
Total Expenses
$321,460
Total Assets
$164,926
Net Assets
$164,926
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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
2017
Legal Domicile
IL
Phone
7738990801
Tax Period
2019-11-01 to 2020-10-31

Seniors Independent Living Collaborative, founded in 2017, is a small nonprofit in the Human Services sector that reported $325K in total revenue in fiscal year 2019. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

Organized exclusively for charitable and educational purposes and specifically to improve the safety, security and independence of older adults choosing to age in their homes by facilitating their use of information and communication technologies and related services Contributions will be used to support consumer research, educational and outreach initiatives.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $325,000
Program Service Revenue $0
Investment Income $70
Other Revenue $0
TOTAL REVENUE $325,070

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $306,412
Other Expenses $321,460
TOTAL EXPENSES $321,460

Year-over-Year Comparison

2019 2018 Change
Revenue $325,070 $300,000 +0.1%
Expenses $321,460 $138,684 +1.3%
Net Income $3,610 $161,316 -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

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Linda Simpson President 1.00
Officer Director
$0 $0 $0
Dr Kathleen O'Rourke Secretary 1.00
Officer Director
$0 $0 $0
Douglas Newman Treasurer 1.00
Officer Director
$0 $0 $0
Dr Susan Crawford Director 1.00
Director
$0 $0 $0
Lisa Dallas Director 1.00
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
2020 $325,070 $321,460 $164,926 $3,610
2019 $300,000 $244,707 $55,293 $55,293
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