OPTIONS FOR INDEPENDENCE

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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

1983

Legal Domicile

Principal Officer

CHERYL ATWOOD

Phone

4357535353

Tax Period

2024-07-01 to 2025-06-30

OPTIONS FOR INDEPENDENCE, founded in 1983, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 12% surplus.

Mission

OPTIONS FOR INDEPENDENCE IS A UTAH NOT-FOR-PROFIT CORPORATION ORGANIZED FOR THE PURPOSE OF PROVIDNG SERVICES, SKILLS TRAINING AND SUPPORT TO PEOPLE WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $850,989

OPTIONS FOR INDEPENDENCE IS ORGANIZED FOR THE PURPOSE OF PROVIDING SERVICES, SKILLS TRAINING AND SUPPORT TO PEOPLE WITH DISABILITIES IN THE NORTHERN UTAH REGION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,266,455

Program Service Revenue $0

Investment Income $5,751

Other Revenue $0

TOTAL REVENUE $1,272,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $805,950

Fundraising Expenses $0

Program Expenses $850,989

Other Expenses $317,998

TOTAL EXPENSES $1,123,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,272,206	$1,267,721	+0.0%
Expenses	$1,123,948	$1,238,347	-0.1%
Net Income	$148,258	$29,374	+4.0%

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

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

$162,768

Total Directors

$103,953

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL ATWOOD	EXECUTIVE DI	40.00	Officer Director	$100,984	$2,969	$103,953
TAMI PORTER	FISCAL OFFIC	N/A	Officer	$57,151	$1,664	$58,815
ALYSHA AUDD	VICE PRESIDE	N/A	Director	$0	$0	$0
ALMA J BURGESS	PRESIDENT	N/A	Director	$0	$0	$0
BRITTANY COX	BOARD MEMBER	N/A	Director	$0	$0	$0
JADEN MILLER	BOARD MEMBER	N/A	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
2025	$1,272,206	$1,123,948	$1,037,441	$148,258
2024	$1,267,721	$1,238,347	$929,987	$29,374
2023	$1,085,887	$1,108,411	$896,511	$-22,524
2022	$1,092,057	$1,062,170	$940,128	$29,887
2021	$999,264	$968,559	$934,281	$30,705
2020	$924,846	$882,565	$891,985	$42,281
2019	$762,086	$857,552	$890,260	$-95,466
2018	$877,338	$757,669	$991,998	$119,669