YMutual & Membership BenefitEIN: 856586606· Ruling Year: 2024

Independent Care Health Benefit Tr

Garner, North Carolina

FHealth Score
21F

Financial Health Score

Provisional

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Critical

How This Organization Compares

Compared to 2 peers in Mutual & Membership Benefit with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org-0.09×
Peer Median29.60×
💰
$8.5M
Total Revenue
📊
$9.7M
Total Expenses
🏦
-$889K
Net Assets
📋
$5.4M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-0.6%
Year-over-year change (2022 → 2023)
Net Margin
-13.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
-0.09
Net assets divided by total expenses
Liabilities-to-Assets
119.5%
Total liabilities as % of total assets

Filing History

2 filings on record
YearRevenueExpensesAssets
2023$8,536,6801%$9,714,34817%$4,550,6442%
2022$8,591,721$8,296,196$4,657,865

Frequently Asked Questions

What does Independent Care Health Benefit Tr do?

Independent Care Health Benefit Tr is a mutual & membership benefit nonprofit organization based in North Carolina. It is classified under NTEE code Y43 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Independent Care Health Benefit Tr financially healthy?

Based on our 9-metric Financial Health Score model, Independent Care Health Benefit Tr has a score of 21/100 (Grade: F). 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 Independent Care Health Benefit Tr generate?

Independent Care Health Benefit Tr reports $9.4M in annual revenue and holds $3.9M in total assets, based on IRS filings.

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