Independence Again EIN 81-4145049

Independence Again FY2023 filing

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Teaches essential life skills for self-sufficiency and independence. For fiscal year 2023 it reported $529K in revenue, $413K in expenses, and $121K in net assets.Pt I

Type
Public charity (501(c)(3)) · Mental Health
Location
Cookeville, TN
Website
www.independenceagain.org
Filings
5 on file (2020–2023)
Revenue
$529KFY2023
Expenses
$413K
Net assets
$121K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-4145049 Public charity (501(c)(3)) Cookeville, TN
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Teaches essential life skills for self-sufficiency and independence.
Leadership
Lynda Loftis · Executive Director · $3K
Money in and out
$529K revenue, $413K expenses
Bottom line
87% program efficiency
Where the money goes · FY2023
Total revenue
$529K
Pt VIII · Ln 12
Total expenses
$413K
Pt IX · Ln 25
Net assets
$121K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $116K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs
Operating runway
1.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+22%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$529K
FY2023▲ +27%
Expenses
$413K
FY2023▲ +9%
Total assets
$743K
FY2023▲ +180%
Total liabilities
$622K
FY2023▲ +150%
Total revenue
$529K
Pt VIII · Ln 12
Total expenses
$413K
Pt IX · Ln 25
Net assets
$121K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$116K
Total assetsPt X · Ln 16$743K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $361K of program spending, described in the organization's own filed words · FY2023.
01

Services provided to 575 individuals.Homeless and shut in outreach - 4200 mealsPermanent Housing - 162 individualsTemporary Housing (less than 6 month) - 247 individualsEmergency Housing (less than 72 hours) - 86 individuals

$361Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIndependence Again
EINHdr · item D81-4145049
Principal addressHdr · item CCookeville, TN
WebsiteHdr · item Jwww.independenceagain.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F20)
Ruling yearIRS BMFMar 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$3,384Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary-Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Lynda Loftis’s $3K as Executive Director is at the 2nd percentile of top reported officer pay among 2083 $100K–1M mental health nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022
Lynda Loftis$3,384$11,525

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$274K · 52%
Contributions & grants$255K · 48%
Program service revenue52%$274K
Contributions & grants48%$255K
Investment income$48
— government grantsLn 1e$255K
Total revenueLn 12$529K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$361K
Management & general13%$52K
Total functional expensesLn 25$413K

Balance Sheet

Part X · end of year
CashLn 1$40K
Total assetsLn 16$743K
Total liabilitiesLn 26$622K
Total net assetsLn 32$121K
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $40K · Operating expenses/yr $413K
1.2 months
Where the money goes
Program services
Program services $361K · Total expenses $413K
87%
Management & General
Management & general $52K · Total expenses $413K
13%
Fundraising
Fundraising $0 · Total expenses $413K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $540
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $255K · Total revenue $529K
48%
Government reliance
Government grants $255K · Total revenue $529K
48%
Earned-income share
Program service revenue $274K · Total revenue $529K
52%
Investment reliance
Investment income $48 · Total revenue $529K
<0.01%
Program self-sufficiency
Program service revenue $274K · Total expenses $413K
66%
Growth & trend
Revenue growth (YoY)
This year $529K · Prior year $417K
+27%
Net-asset trend (YoY)
End of year $121K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $529K · Expenses $413K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $743K
Net-asset ratio
Net assets $121K · Total assets $743K
16%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $743K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lynda Loftis · Reported title Executive Director · Highest reported compensation $3K · Total expenses $413K
0.8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $61K · Total expenses $413K
15%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 0%
Revenue growth 27%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$23

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$768K revenue · ⤓ 990 PDF
FY2023$529K revenue · viewing · ⤓ 990 PDF
FY2022$417K revenue · ⤓ 990 PDF
FY2021$359K revenue · ⤓ 990 PDF
FY2020$189K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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