INDEPENDENT CITIES ASSOCIATION INC

🔒

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

1961

Legal Domicile

Principal Officer

David Fredendall

Phone

4243275753

Tax Period

2023-07-01 to 2024-06-30

INDEPENDENT CITIES ASSOCIATION INC, founded in 1961, is a small nonprofit in the Mutual Benefit sector that reported $530K in total revenue in fiscal year 2023. The organization ran a surplus of $110K, a strong 21% operating margin.

Mission

THE INDEPENDENT CITIES ASSOCIATION EDUCATES AND ADVOCATES FOR MEMBER CITIES IN THE LOS ANGELES REGION ON SHARED ISSUES TO PRESERVE AND ENHANCE LOCAL GOVERNMENT.

Program Service Accomplishments

Program 1

Expenses: $367,685 Revenue: $127,308

The Independent Cities Association provided educational programs and advocated on behalf of member cities in the Los Angeles Region on shared issues to preserve and enhance local government.

🔒

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 $402,628

Program Service Revenue $127,308

Investment Income $0

Other Revenue $0

TOTAL REVENUE $529,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,390

Fundraising Expenses $0

Program Expenses $367,685

Other Expenses $320,632

TOTAL EXPENSES $420,022

Year-over-Year Comparison

	2023	2022	Change
Revenue	$529,936	$534,481	0.0%
Expenses	$420,022	$592,120	-0.3%
Net Income	$109,914	$-57,639	-2.9%

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

N/A

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

Total Directors

$99,390

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Courtney Torres	Executive Dir.	16.00	Director	$99,390	$0	$99,390
Joshua Barron	Director	1.00	Director	$0	$0	$0
GORAN ERIKSSON	President	1.00	Officer Director	$0	$0	$0
Victor Linares	Director	1.00	Director	$0	$0	$0
RICHARD MONTGOMERY	President	1.00	Officer Director	$0	$0	$0
Mark Henderson	President-Elect	1.00	Director	$0	$0	$0
NILS NERENHEIM	Past President	1.00	Officer Director	$0	$0	$0
David Fredendall	Treasurer	1.00	Director	$0	$0	$0
Roberto Uranga	Director	1.00	Director	$0	$0	$0
John Lee	Director	1.00	Director	$0	$0	$0
Mark Breceda	Director	0.00	Director	$0	$0	$0
Gabriela Gomez	Director	0.00	Director	$0	$0	$0
Angie Jimenez	Director	0.00	Director	$0	$0	$0
Christine Parra	Director	1.00	Director	$0	$0	$0
Chad Wanke	Director	1.00	Director	$0	$0	$0
Mary Solorio	Secretary	1.00	Director	$0	$0	$0
John Harrington	Director	1.00	Director	$0	$0	$0
Emma Sharif	Director	1.00	Director	$0	$0	$0
Hector Sosa	Director	1.00	Director	$0	$0	$0
Cathy Warner	Director	1.00	Director	$0	$0	$0
Ray Jackson	Vice President	1.00	Officer Director	$0	$0	$0
Lynda Johnson	Director	0.00	Director	$0	$0	$0
Andrew Mendez	Director	0.00	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
2025	No data	No data	No data	No data
2024	$529,936	$420,022	$601,282	$109,914
2023	$534,481	$592,120	$491,368	$-57,639
2022	$587,581	$335,909	$549,007	$251,672