Independence Inc
Minot, North Dakota
B+Health Score
68B+
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
💰
$1.5M
Total Revenue
📊
$1.3M
Total Expenses
🏦
$560K
Net Assets
📋
$734K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+8.7%
Year-over-year change (2022 → 2023)
Net Margin
+9.0%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.42
Net assets divided by total expenses
Liabilities-to-Assets
56.7%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $1,459,692↑9% | $1,328,070↑13% | $1,293,619↑12% | |
| 2022 | $1,343,398↑47% | $1,179,666↑32% | $1,156,851↓7% | — |
| 2021 | $912,492↑21% | $892,489↑26% | $1,249,405↑176% | — |
| 2020 | $756,529↑2% | $710,760 | $453,135↑101% | — |
| 2019 | $745,286↑12% | $707,954↑5% | $225,985↑19% | — |
| 2018 | $666,685↓10% | $672,170↓5% | $190,283↓1% | — |
| 2017 | $737,937↓13% | $705,052↓3% | $192,779↑3% | — |
| 2016 | $845,583↑21% | $725,261↓2% | $187,140↑135% | — |
| 2015 | $696,098 | $738,514↑9% | $79,733↓44% | — |
| 2014 | $693,107↑14% | $677,533↑15% | $141,905↑42% | — |
| 2013 | $610,028↑15% | $589,714↑9% | $100,150↓9% | — |
| 2012 | $532,018↓2% | $540,996↑1% | $109,575↑8% | — |
| 2011 | $545,511 | $537,375 | $101,282 | — |
Frequently Asked Questions
What does Independence Inc do?▼
Independence Inc is a human services nonprofit organization based in North Dakota. It is classified under NTEE code P82 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Independence Inc financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Independence Inc.
How much revenue does Independence Inc generate?▼
Independence Inc reports $1.8M in annual revenue and holds $1.2M in total assets, based on IRS filings.
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