INDEPENDENCE INITIATIVE INC (EIN 993369815) - Form 990 Financial Analysis & Trantor Score

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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

2024

Legal Domicile

Principal Officer

HEATHER RENWICK

Phone

5717770494

Tax Period

2024-05-20 to 2024-12-31

INDEPENDENCE INITIATIVE INC, founded in 2024, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $11.6M in total revenue in fiscal year 2024. The organization ran a surplus of $10.6M, a strong 91% operating margin.

Mission

INDEPENDENCE INITIATIVE IS DEDICATED TO ADVANCING FOUNDATIONAL AMERICAN IDEALS SUCH AS DEMOCRACY, INDIVIDUAL RIGHTS, AND EQUALITY UNDER THE LAW, AND STRIVES TO EMPOWER INDIVIDUALS AND ORGANIZATIONS WITH INNOVATIVE IDEAS AND FACILITATE THE FLOW OF PHILANTHROPIC CAPITAL TO ALLOW NONPROFITS TO CARRY OUT THEIR MISSIONS.

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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 $11,600,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,600,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $36,500

Program Expenses $913,490

Other Expenses $1,017,998

TOTAL EXPENSES $1,017,998

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,600,000	N/A	N/A
Expenses	$1,017,998	N/A	N/A
Net Income	$10,582,002	N/A	N/A

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRINA MILIKOWSKY	PRESIDENT	1.00	Officer Director	$0	$0	$0
HEATHER RENWICK	TREASURER	1.00	Officer Director	$0	$0	$0
LAYLA ZAIDANE	SECRETARY	1.00	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
2024	$11,600,000	$1,017,998	$11,115,660	$10,582,002

INDEPENDENCE INITIATIVE INC