INDEPENDENT LIVING RESOURCE CENTER

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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

GULSEREN YILDIZ

Phone

5052665022

Tax Period

2023-10-01 to 2024-09-30

INDEPENDENT LIVING RESOURCE CENTER, founded in 1989, is a mid-sized nonprofit in the Human Services sector that reported $12.4M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $11.9M left a modest 5% surplus.

Mission

THE CENTER PROVIDES SERVICES DESIGNED TO EMPOWER INDIVIDUALS WITH DISABILITIES TO FOSTER INDEPENDENCE IN THEIR LIVES.

Program Service Accomplishments

Program 1

Expenses: $9,411,518 Revenue: $11,553,662

PERSONAL CARE SERVICES: SERVED AS FISCAL AGENT FOR MEDICAID MEMBERS USING PERSONAL CARE SERVICES WHICH PROVIDE RESOURCES TO PEOPLE WITH DISABILITIES TO HIRE PERSONAL CARE ATTENDANTS WHO ENABLE THEM TO LIVE WITHIN THE COMMUNITY. ALSO, IN A SEPARATE MEDICAID PROGRAM, HIRE AND MANAGE PERSONAL CARE ATTENDANTS FOR CONSUMERS WHO DO NOT WANT TO, OR ARE UNABLE TO, DIRECT THEIR OWN SERVICES.

Program 2

Expenses: $1,005,662

INDEPENDENT LIVING: NURSING HOME TRANSITION AND YOUTH TRANSITION INTO THE COMMUNITY: PROVIDED SERVICES TO CONSUMERS TO ENCOURAGE AND EMPOWER PERSONS WITH DISABILITIES TO LIVE AS INDEPENDENTLY AS...

INDEPENDENT LIVING: NURSING HOME TRANSITION AND YOUTH TRANSITION INTO THE COMMUNITY: PROVIDED SERVICES TO CONSUMERS TO ENCOURAGE AND EMPOWER PERSONS WITH DISABILITIES TO LIVE AS INDEPENDENTLY AS POSSIBLE. SERVICES PROVIDED INCLUDE INFORMATION AND REFERRAL, PEER COUNSELING, INDEPENDENT LIVING SKILLS TRAINING, AND INDIVIDUAL AND COMMUNITY ADVOCACY.

Program 3

Expenses: $305,514

TECHNICAL SERVICES: ADMINISTERED FUNDS TO CONSUMERS FOR THE PURCHASE OF GOODS AND SERVICES IN ORDER FOR THEM TO LIVE AS INDEPENDENTLY AS POSSIBLE.

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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 $878,731

Program Service Revenue $11,553,662

Investment Income $0

Other Revenue $0

TOTAL REVENUE $12,432,393

Expense Breakdown

Grants Paid $147,660

Salaries & Benefits $10,899,732

Fundraising Expenses $0

Program Expenses $10,722,694

Other Expenses $823,465

TOTAL EXPENSES $11,870,857

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,432,393	$10,082,135	+0.2%
Expenses	$11,870,857	$10,406,093	+0.1%
Net Income	$561,536	$-323,958	-2.7%

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

670

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

$375,169

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GULSEREN YILDIZ	EXECUTIVE DI	40.00	Officer	$178,885	$13,978	$192,863
ANGELA EKOFO	ACCOUNTANT	40.00	Highest	$175,920	$9,772	$185,692
MICHAEL MURPHY	COO	40.00	Officer	$182,306	$0	$182,306
KATHRYN UNNA	SENIOR PROG	40.00	Highest	$123,864	$11,044	$134,908
MICHELE ARMIJO	BILLING MANA	40.00	Highest	$115,819	$7,487	$123,306
LAUREN DORSEY	AGENCY MANAG	40.00	Highest	$117,806	$0	$117,806
CYNTHIA CROUCH	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE MCMULLAN	PRESIDENT	1.00	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	$12,432,393	$11,870,857	$5,459,659	$561,536
2023	$10,082,135	$10,406,093	$4,910,823	$-323,958
2021	$9,733,666	$9,459,833	$3,325,195	$273,833
2020	$8,372,276	$8,158,108	$3,323,711	$214,168
2019	$8,200,646	$8,075,230	$1,593,977	$125,416
2018	$7,844,928	$7,776,944	$1,550,423	$67,984