Resources for Independent Living Inc (EIN 942344976) - 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

1976

Legal Domicile

Principal Officer

Jazzmin Grigsby

Phone

9164463074

Tax Period

2023-10-01 to 2024-09-30

Resources for Independent Living Inc, founded in 1976, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $348K, a strong 18% operating margin.

Mission

Resources For Independent Living seeks to promote the socio-economic independence of persons with disabilities by providing peer-supported, consumer-directed independent living services and advocacy.

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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 $1,369,599

Program Service Revenue $496,219

Investment Income $24,865

Other Revenue $0

TOTAL REVENUE $1,890,683

Expense Breakdown

Grants Paid $335,128

Salaries & Benefits $976,896

Fundraising Expenses $0

Program Expenses $1,353,831

Other Expenses $230,398

TOTAL EXPENSES $1,542,422

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,890,683	$1,191,145	+0.6%
Expenses	$1,542,422	$1,075,345	+0.4%
Net Income	$348,261	$115,800	+2.0%

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

$117,631

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brandi Bluel	Executive Dir.	40.00	Officer	$104,585	$13,046	$117,631
Jazzmin Grigsby	Chairman	3.00	Officer Director	$0	$0	$0
Tho Vinh Banh	Vice Chair	1.00	Officer Director	$0	$0	$0
Eric Harris	Secretary	1.00	Officer Director	$0	$0	$0
Kyla Irving	Treasurer	1.00	Officer Director	$0	$0	$0
Charis Hill	Director	1.00	Director	$0	$0	$0
Randy Dinning	Director	1.00	Director	$0	$0	$0
Maricia Ditgen	Director	1.00	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	$1,890,683	$1,542,422	$1,329,796	$348,261
2023	$1,191,145	$1,075,345	$953,990	$115,800
2022	$989,156	$919,057	$648,298	$70,099
2021	$1,062,067	$910,041	$637,232	$152,026
2020	$1,028,697	$1,062,411	$439,951	$-33,714
2019	$679,671	$737,871	$466,803	$-58,200
2018	$861,134	$960,401	$529,081	$-99,267

Resources for Independent Living Inc