INDEPENDENCE PASS FOUNDATION (EIN 841133782) - 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

KARIN TEAGUE

Phone

9702749690

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENCE PASS FOUNDATION, founded in 1989, is a small nonprofit in the Unknown sector that reported $394K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $91K, a strong 23% operating margin.

Mission

ECOLOGICAL PRESERVATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $331,051

Program Service Revenue $14,807

Investment Income $43,590

Other Revenue $4,258

TOTAL REVENUE $393,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,206

Fundraising Expenses $21,875

Program Expenses $244,944

Other Expenses $153,849

TOTAL EXPENSES $303,055

Year-over-Year Comparison

	2024	2023	Change
Revenue	$393,706	$345,874	+0.1%
Expenses	$303,055	$244,371	+0.2%
Net Income	$90,651	$101,503	-0.1%

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

157

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

$126,393

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM MCCURDY	DIRECTOR	1.00	Director	$0	$0	$0
ANN MULLINS	CO-TREASURER	2.00	Officer Director	$0	$0	$0
ARTHUR BOOTS FERGUSON	PRESIDENT	3.00	Officer Director	$0	$0	$0
BILL GRUENBERG	CO-TREASURER	2.00	Officer Director	$0	$0	$0
BOB WADE	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON COOPER	DIRECTOR	1.00	Director	$0	$0	$0
EMILY MAYNARD	SECRETARY	2.00	Officer Director	$0	$0	$0
GAIL HOLSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
HALEY HART	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
JIM STARK	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN GILES	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN HENRY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LIZA MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY GRAIL BRAUDIS	DIRECTOR	1.00	Director	$0	$0	$0
KARIN TEAGUE	EXECUTIVE DIRECTOR	40.00	Officer	$126,393	$0	$126,393

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	$393,706	$303,055	$1,008,960	$90,651
2023	$345,874	$244,371	$911,911	$101,503
2022	$317,533	$237,444	$802,718	$80,089
2021	$320,900	$252,858	$729,888	$68,042
2020	$357,859	$306,271	$664,838	$51,588
2019	$296,913	$226,879	$612,676	$70,034
2018	$240,211	$177,311	$547,139	$62,900

INDEPENDENCE PASS FOUNDATION