The Iris Network

EIN: 010196359 501(c)(3)

Portland, ME

Total Revenue
$3,227,535
Total Expenses
$2,560,151
Total Assets
$10,418,592
Net Assets
$8,617,318
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1905
Legal Domicile
ME
Principal Officer
David Barnwell
Phone
2077746273
Tax Period
2023-10-01 to 2024-09-30

The Iris Network, founded in 1905, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $667K, a strong 21% operating margin.

Mission

The Iris Network helps people who are visually impaired or blind attain independence and community integration.

Program Service Accomplishments

Program 1
Expenses: $1,238,877 Revenue: $1,478,141

Community-based vision rehabilitation services: the community-based rehabilitation services program evaluates consumer needs based upon functional vision loss and develops a program of individualized...

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Community-based vision rehabilitation services: the community-based rehabilitation services program evaluates consumer needs based upon functional vision loss and develops a program of individualized services provided by nationally certified professional vision rehabilitation therapists. These services allow individual consumers who may be transition-age youth, working-age adults, or senior citizens to carry on the functions necessary to maintain the level of independence they desire. Program services are delivered in the consumer's community throughout the State of Maine on an itinerant basis and include vision rehabilitation therapy and counseling in the area of adjustment to blindness. Services may also be provided virtually when in-person meetings are not feasible.

Program 2
Expenses: $371,485 Revenue: $347,066

Resident support services program: The Iris Network provides ongoing resident support services to certain visually impaired or blind residents of Iris Park Apartments who have additional...

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Resident support services program: The Iris Network provides ongoing resident support services to certain visually impaired or blind residents of Iris Park Apartments who have additional disabilities. Iris Park Apartments features (30) one and two bedroom independent living apartments which are owned by The Iris Network. Visually impaired or blind tenants with multiple disabilities are able to live as independently as they desire, schedule their own activities, and create a personal plan for assisted living services. The Iris Network offers vision rehabilitation therapy to provide tenants support in all areas of independent living. The resident support services program at Iris Park Apartments is different from the rest of the programs offered by The Iris Network in that these services are offered on an ongoing basis, rather than as instruction or teaching designed to allow clients to learn new skills and use those skills independently after services have been received.

Program 3
Expenses: $301,653 Revenue: $217,141

Rehab training center: The campus-based vision rehabilitation training center provides an individualized, intensive vocational development program. Coursework addresses multiple areas of learning...

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Rehab training center: The campus-based vision rehabilitation training center provides an individualized, intensive vocational development program. Coursework addresses multiple areas of learning including vocational development, accessible technology, orientation and mobility, braille, independent living skills, and manual arts. Students live in a dormitory apartment within the Iris Park Apartments residence close to the training center and downtown Portland. The group living environment includes a shared kitchen, and living room, as well as shared yard and laundry and four private bedrooms. Students can participate in after-hours recreational activities organized several times a week with opportunities to explore Portland and Southern Maine.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $776,019
Program Service Revenue $1,997,008
Investment Income $235,990
Other Revenue $218,518
TOTAL REVENUE $3,227,535

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,014,540
Fundraising Expenses $217,677
Program Expenses $1,926,031
Other Expenses $545,611
TOTAL EXPENSES $2,560,151

Year-over-Year Comparison

2023 2022 Change
Revenue $3,227,535 $2,596,794 +0.2%
Expenses $2,560,151 $2,399,939 +0.1%
Net Income $667,384 $196,855 +2.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
43
Volunteers
23

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
5
$134,896
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Wakefield Director 0.50
Director
$0 $0 $0
Holly Knight McCarthy Director 0.50
Director
$0 $0 $0
David J Stuchiner Director 0.50
Director
$0 $0 $0
Johnathan G Nathans Director 0.50
Director
$0 $0 $0
Nicholas Giudice Director 0.50
Director
$0 $0 $0
Andrew B MacLean Secretary 2.00
Officer Director
$0 $0 $0
Merrill E Barter Treasurer 2.00
Officer Director
$0 $0 $0
Pauline Lamontagne Chair 2.00
Officer Director
$0 $0 $0
Todd McKee Director 0.50
Director
$0 $0 $0
Jane Eberle Vice Chair 2.00
Officer Director
$0 $0 $0
Terri Grijalva Director 0.50
Director
$0 $0 $0
Lisa Hicks Director 0.50
Director
$0 $0 $0
David Barnwell President/CEO 40.00
Officer
$132,040 $2,856 $134,896
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 $3,227,535 $2,560,151 $10,418,592 $667,384
2023 $2,596,794 $2,399,939 $9,430,770 $196,855
2022 $7,149,596 $2,223,409 $9,166,873 $4,926,187
2021 $2,683,947 $2,161,446 $3,265,341 $522,501
2020 $2,225,295 $2,232,190 $2,916,602 $-6,895
2019 $2,129,847 $2,327,927 $3,275,731 $-198,080
2018 $2,471,182 $2,732,117 $3,346,926 $-260,935
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