Independence Association Inc
Brunswick, Maine
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Very Good
How This Organization Compares
Compared to 15 peers in Human Services with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $11,811,840↑10% | $11,555,177↑4% | $10,195,662↓5% | |
| 2022 | $10,715,783↑3% | $11,131,281↑22% | $10,733,333↓7% | — |
| 2021 | $10,432,893↑11% | $9,143,049↓7% | $11,547,563↑4% | — |
| 2020 | $9,420,010↓12% | $9,860,008↓6% | $11,063,239↑12% | — |
| 2019 | $10,757,341↑7% | $10,466,387↑4% | $9,917,338↑15% | — |
| 2018 | $10,060,510↑9% | $10,069,439↑9% | $8,621,711↑16% | — |
| 2017 | $9,219,104↓3% | $9,219,448↓2% | $7,424,405↑3% | — |
| 2016 | $9,484,013↑3% | $9,437,594↑5% | $7,212,538↑1% | — |
| 2015 | $9,249,689↑1% | $8,983,389 | $7,125,019↑3% | — |
| 2014 | $9,136,761↑5% | $8,953,361↑5% | $6,889,006↑2% | — |
| 2013 | $8,702,762↓1% | $8,496,288↓3% | $6,755,025↑4% | — |
| 2012 | $8,751,231↑8% | $8,717,421↑9% | $6,479,774↓1% | — |
| 2011 | $8,097,741 | $7,979,864 | $6,550,176 | — |
Frequently Asked Questions
What does Independence Association Inc do?▼
Independence Association Inc is a human services nonprofit organization based in Maine. It is classified under NTEE code P820 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Independence Association Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Independence Association Inc has a score of 76/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Independence Association Inc generate?▼
Independence Association Inc reports $13.3M in annual revenue and holds $11.9M in total assets, based on IRS filings.
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