PROJECT INDEPENDENCE (EIN 953147421) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$114,614

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT WATSON	CEO	40.00	Officer Director	$114,162	$452	$114,614
DEBBIE MILLER	MEMBER	2.00	Director	$0	$0	$0
JAMI COUNTRYMAN	MEMBER	2.00	Director	$0	$0	$0
NICK WESTPHALEN	MEMBER	2.00	Director	$0	$0	$0
JUDY COLE	MEMBER	2.00	Director	$0	$0	$0
HARRY STAHL	MEMBER	2.00	Director	$0	$0	$0
DAN PITTMAN	CHAIR	2.00	Officer Director	$0	$0	$0
DEL HART	TREASURER	2.00	Officer Director	$0	$0	$0
DIANE PRITCHETT	SECRETARY	2.00	Officer Director	$0	$0	$0
KURT YEAGER	VICE-CHAIR	2.00	Officer 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	No data	No data	No data	No data
2024	$3,222,610	$3,343,503	$5,041,602	$-120,893
2023	$3,731,075	$3,804,785	$5,311,670	$-73,710
2022	$4,234,113	$4,370,852	$5,571,219	$-136,739
2021	$5,473,402	$4,768,329	$5,825,383	$705,073
2020	$5,153,338	$5,248,594	$5,947,611	$-95,256
2019	$5,324,689	$5,338,668	$5,315,609	$-13,979
2018	$5,597,797	$5,645,691	$5,461,897	$-47,894

PROJECT INDEPENDENCE