Independence House (EIN 841613504) - 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

2002

Legal Domicile

Principal Officer

Rachel Humphrey

Phone

8013191002

Tax Period

2023-01-01 to 2023-12-31

Independence House, founded in 2002, is a micro nonprofit in the Human Services sector that reported $1K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $1K, a strong 71% operating margin.

Mission

Independence house will lease or purchase group housing that will accomodate individuals or families that are homeless. It will also provide temporary assistance for the homeless and low income families.

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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 $1,300

Program Service Revenue $0

Investment Income $123

Other Revenue $0

TOTAL REVENUE $1,423

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $410

TOTAL EXPENSES $410

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,423	$1,274	+0.1%
Expenses	$410	$430	0.0%
Net Income	$1,013	$844	+0.2%

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

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	Role	Reportable Comp	Other Comp	Total
Rachel Humphrey	President	Officer Director	$0	$0	$0
Sherilyn Shelley	Secretary	Officer Director	$0	$0	$0
Shirley Heaps	Director	Officer 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	$1,423	$410	$126,087	$1,013
2022	$1,274	$430	$125,078	$844
2021	$1,100	$350	$124,234	$750
2020	$1,145	$350	$123,484	$795
2019	$1,440	$335	$122,689	$1,105
2018	$984	$285	$121,584	$699

Independence House