PROJECT 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

1976

Legal Domicile

Principal Officer

DAN PITTMAN

Tax Period

2023-07-01 to 2024-06-30

PROJECT INDEPENDENCE, founded in 1976, is a community nonprofit in the Human Services sector that reported $3.2M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

PROVIDE INDEPENDENT & SUPPORTED LIVING SKILLS TRAINING, SUPPORTED EMPLOYMENT AND COMMUNITY BASED DAY CARE FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $1,093,551 Revenue: $1,103,546

INDEPENDENT & SUPPORTED LIVING SERVICES- LIFE QUALITY AND SATISFACTION ASSESSMENT FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. PROGRAM GOAL IS TO PROVIDE TRAINING AND EXPERIENCE TO ENABLE CLIENTS TO FUNCTION WITHIN THE COMMUNITY AND ASSESS THE INDIVIDUALS SATISFACTION WITH PROVIDED SERVICES. FUNDED BY REGIONAL CENTER OF ORANGE COUNTY. APPROXIMATELY 100 CLIENTS SERVED.

Program 2

Expenses: $625,762 Revenue: $966,536

BEHAVIOR SUPPORT SERVICES- POSITIVE BEHAVIOR SUPPORT PLANS FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. PROGRAM GOAL IS TO PROVIDE TRAINING IN AREAS OF SELF-HELP, VOCATIONAL, AAND COMMUNITY...

BEHAVIOR SUPPORT SERVICES- POSITIVE BEHAVIOR SUPPORT PLANS FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. PROGRAM GOAL IS TO PROVIDE TRAINING IN AREAS OF SELF-HELP, VOCATIONAL, AAND COMMUNITY INTEGRATION. FUNDED BY REGIONAL CENTER OF ORANGE COUNTY. STAFFING RATIOS 1:1, 1:3. APPROXIMATELY 20 CLIENTS SERVED.

Program 3

Expenses: $533,581 Revenue: $621,435

ADULT DEVELOPMENT SERVICES- CONSUMER-DRIVEN SERVICES TO SUPPORT INDIVIDUAL GOALS OF ADULTS WITH DEVEOPMENTAL DIABILITIES. PROGRAM GOAL IS TO PROVIDE FUNCTIONAL COMMUNITY TRAINING BASED ON INDIVIDUAL NEEDS AND CHOICE, AS WELL AS, INTEGREATED SUPPORTED EMPLOYMENT. STAFFING RATIOS 1:4. FUNDED BY REGIONAL CENTER OF ORANGE COUNTY. APPROXIMATELY 30 CLIENTS SERVED.

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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 $13,275

Program Service Revenue $3,137,722

Investment Income $64,441

Other Revenue $7,172

TOTAL REVENUE $3,222,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,676,894

Fundraising Expenses $44,985

Program Expenses $2,638,122

Other Expenses $666,609

TOTAL EXPENSES $3,343,503

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,222,610	$3,731,075	-0.1%
Expenses	$3,343,503	$3,804,785	-0.1%
Net Income	$-120,893	$-73,710	+0.6%

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

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

$114,614

Total Directors