CENTER FOR INDEPENDENCE (EIN 911577469) - 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

1993

Legal Domicile

Principal Officer

KIMBERLY RINEHARDT

Phone

2535821253

Tax Period

2023-10-01 to 2024-09-30

CENTER FOR INDEPENDENCE, founded in 1993, is a community nonprofit in the Religion sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $382K, a strong 17% operating margin.

Mission

THE CENTER FOR INDEPENDENCE IS A 501(C)3 ORGANIZATION SERVING AS A RESOURCE FOR INDIVIDUALS WITH DISABILITIES TO FULLY ACCESS AND PARTICIPATE IN THE COMMUNITY THROUGH OUTREACH, ADVOCACY, AND INDEPENDENT LIVING SKILLS DEVELOPMENT. TO PROMOTE SELF-EMPOWERMENT AND SELF-ADVOCACY, STAFF CONTINUE TO PROVIDE THE FOUR PRIMARY SERVICES OF ADVOCACY, PEER SUPPORT, INFORMATION, AND REFERRAL, PLUS IL SKILLS TRAINING. A FIFTH CORE SERVICE, WHICH IS CURRENTLY UNFUNDED, WAS ADDED THROUGH THE PASSAGE OF THE WIOA AND REAUTHORIZATION OF THE REHAB ACT IN 2014. THIS IS A THREE PART SERVICE WHICH ENCOMPASSES TRANSITION AGED YOUTH, DEINSTITUTIONALIZATION, AND PROVIDING ASSISTANCE TO STAY OUT OF INSTITUTIONS. CFI HAS PROVIDED BOTH TRANSITION YOUTH AND DEINSTITUTIONALIZATION SERVICE WITH PART B AND RCL CONTRACT FUNDING FOR THE PAST 10 YEARS.

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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 $1,746,721

Program Service Revenue $506,099

Investment Income $352

Other Revenue $0

TOTAL REVENUE $2,253,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $835,349

Fundraising Expenses $0

Program Expenses $1,517,900

Other Expenses $1,035,495

TOTAL EXPENSES $1,870,844

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,253,172	$1,389,712	+0.6%
Expenses	$1,870,844	$1,316,210	+0.4%
Net Income	$382,328	$73,502	+4.2%

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

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

$75,536

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM RHINEHARDT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTOPHER HAYS	TREASURER	1.00	Officer Director	$0	$0	$0
BOB TINCHER	MEMBER	1.00	Director	$0	$0	$0
KESHREEYAJI OSWAL	MEMBER	1.00	Director	$0	$0	$0
KRYSTAL MONTEROS	MEMBER	1.00	Director	$0	$0	$0
LUKE BYRAM	SECRETARY	1.00	Officer Director	$0	$0	$0
KIM OKIMURA	PRESIDENT	1.00	Officer Director	$0	$0	$0
LEAH VELASCO	EXECUTIVE DIRECTOR	40.00	Officer	$75,536	$0	$75,536

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	$2,253,172	$1,870,844	$1,372,900	$382,328
2023	$1,389,712	$1,316,210	$1,031,334	$73,502
2022	$1,126,325	$1,082,286	$825,126	$44,039
2021	$1,500,278	$1,202,670	$744,310	$297,608
2020	$995,786	$994,420	$452,179	$1,366
2019	$903,668	$792,814	$470,803	$110,854

CENTER FOR INDEPENDENCE