INDEPENDENT CENTER

EIN: 883103608 501(c)(3) Civil Rights & Advocacy

Alexandria, VA

Total Revenue
$607,000
Total Expenses
$178,521
Total Assets
$428,479
Net Assets
$428,479
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
VA
Principal Officer
Parissa Fornwalt
Phone
7035589063
Tax Period
2023-01-01 to 2023-12-31

INDEPENDENT CENTER, founded in 2022, is a small nonprofit in the Civil Rights & Advocacy sector that reported $607K in total revenue in fiscal year 2023. The organization ran a surplus of $428K, a strong 71% operating margin.

Mission

Independent Center promotes research and public policy that strengthens the American meritocracy and expands choice in public policy.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $607,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $607,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $168,450
Other Expenses $178,521
TOTAL EXPENSES $178,521

Year-over-Year Comparison

2023 2022 Change
Revenue $607,000 N/A N/A
Expenses $178,521 N/A N/A
Net Income $428,479 $0 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

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Governance

Voting Members
1
Independent Members
1
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Parissa Sedghi Fornwalt Chairman 2
Officer Director
$0 $0 $0
Chris Marston Secretary and Treasurer 2
Officer
$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 $607,000 $178,521 $428,479 $428,479
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