ISLAND LIVING INC

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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

SUSAN PETERSON

Phone

3205939422

Tax Period

2025-01-01 to 2025-12-31

ISLAND LIVING INC, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $472K in total revenue in fiscal year 2025. Expenses of $1.0M exceeded revenue, resulting in a 115% operating deficit.

Mission

TO OPERATE, MANAGE AND SUPPORT RESIDENTIAL LIVING FACILITIES AND SERVICES FOR SENIOR AND ELDERLY RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $963,962 Revenue: $389,799

TO PROVIDE PHYSICAL, SOCIAL, RECREATIONAL AND PSYCHOLOGICAL CARE AND SERVICES FOR THE RESIDENTS OF THE FACILITIES THAT ARE OWNED AND OPERATED BY THE CORPORATION AND TO ENGAGE IN ANY ACTIVITIES TO...

TO PROVIDE PHYSICAL, SOCIAL, RECREATIONAL AND PSYCHOLOGICAL CARE AND SERVICES FOR THE RESIDENTS OF THE FACILITIES THAT ARE OWNED AND OPERATED BY THE CORPORATION AND TO ENGAGE IN ANY ACTIVITIES TO PROMOTE THE GENERAL HEALTH OF SENIOR AND ELDERLY MEMBERS OF THE COMMUNITY AND IMPROVE THE DELIVERY AND SERVICES TO THE RESIDENTS OF THE FACILITIES THAT ARE OWNED AND OPERATED BY THE CORPORATION.

Program 2

Expenses: $49,656 Revenue: $80,180

TO PROVIDE DUPLEX HOUSING AND PROMOTE THE GENERAL HEALTH OF THE COMMUNITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,563

Program Service Revenue $469,979

Investment Income $0

Other Revenue $0

TOTAL REVENUE $471,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $429,837

Fundraising Expenses $0

Program Expenses $1,013,618

Other Expenses $583,781

TOTAL EXPENSES $1,013,618

Year-over-Year Comparison

	2025	2024	Change
Revenue	$471,542	N/A	N/A
Expenses	$1,013,618	N/A	N/A
Net Income	$-542,076	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER CASPERS	DIRECTOR	2.00	Director	$0	$0	$0
TODD FRITSCHE	DIRECTOR	2.00	Director	$0	$0	$0
DAWN MERTENS	SECRETARY	2.00	Director	$0	$0	$0
SUSAN PETERSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
NEAL PROKOSCH	VICE-PRESIDE	2.00	Director	$0	$0	$0
JAMES SCHNEIDER	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
2025	$471,542	$1,013,618	$4,631,608	$-542,076