INDEPENDENT LIVING CENTER OF SOUTHERN CA

EIN: 953026060 501(c)(3)

VAN NUYS, CA

Total Revenue
$2,268,734
Total Expenses
$1,831,485
Total Assets
$3,612,048
Net Assets
$3,454,066
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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
1977
Legal Domicile
CA
Principal Officer
JOHN VESCOVO
Phone
8187856934
Tax Period
2023-10-01 to 2024-09-30

INDEPENDENT LIVING CENTER OF SOUTHERN CA, founded in 1977, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $437K, a strong 19% operating margin.

Mission

ASSIST DISABLED INDIVIDUALS IN LOCATING ADEQUATE HOUSING AID, ATTENDANT CARE AND DISABILITY BENEFITS, INCREASED SOCIAL SKILLS, DEVELOP AND IMPROVE ECONOMIC LIVING SITUATION, PEER COUNSELING, TRANSPORATION ASSISTANCE, AND PROVIDE SELF 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,024,579
Program Service Revenue $136,266
Investment Income $62,068
Other Revenue $45,821
TOTAL REVENUE $2,268,734

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,166,773
Fundraising Expenses $0
Program Expenses $1,570,147
Other Expenses $664,712
TOTAL EXPENSES $1,831,485

Year-over-Year Comparison

2023 2022 Change
Revenue $2,268,734 $1,370,564 +0.7%
Expenses $1,831,485 $1,542,191 +0.2%
Net Income $437,249 $-171,627 -3.5%
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
13
Independent Members
13
Employees
27
Volunteers
12

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
6
$130,496
Total Directors
13
$111,942
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NORMA VESCOVO Director 40.00
Officer Director
$110,000 $1,942 $111,942
JOHN VESCOVO Executive Dir. 40.00
Officer
$0 $18,554 $18,554
ROBIN GILLINS-VEIL Director 0.50
Director
$0 $0 $0
BASIL CALIS Vice President 0.50
Officer Director
$0 $0 $0
BEN HODGES Director 0.50
Director
$0 $0 $0
CHI LIU Director 0.50
Director
$0 $0 $0
HUMBERTO QUINTANAR Director 0.50
Director
$0 $0 $0
HELENE KITAHARA Director 0.50
Director
$0 $0 $0
DALE THALLEY Treasurer 0.50
Officer Director
$0 $0 $0
BRENDA GILLIS Secretary 0.50
Officer Director
$0 $0 $0
MICHAEL HANSEL Director 0.50
Director
$0 $0 $0
LISA WEINBERG President 0.50
Officer Director
$0 $0 $0
IRWIN ROSENBERG Director 0.50
Director
$0 $0 $0
TOM RITTER Director 0.50
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 $2,268,734 $1,831,485 $3,612,048 $437,249
2023 $1,370,564 $1,542,191 $2,905,128 $-171,627
2022 $1,604,277 $1,548,228 $2,757,332 $56,049
2021 $2,048,858 $1,624,871 $3,438,077 $423,987
2020 $1,722,435 $1,516,188 $3,199,884 $206,247
2019 $1,474,145 $1,364,715 $2,776,574 $109,430
2018 $1,305,373 $1,409,820 $2,666,649 $-104,447
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