Independence Advocates of Maine Inc (EIN 010349310) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

Catherine Thibedeau

Phone

2078663769

Tax Period

2022-07-01 to 2023-06-30

Independence Advocates of Maine Inc, founded in 1977, is a community nonprofit in the Human Services sector that reported $9.1M in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year.

Mission

Residential, nursing care and community supports to adults with intellectual disabilities. Our mission is to enrich the lives of people with disabilities by

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $272,263

Program Service Revenue $8,834,521

Investment Income $12,136

Other Revenue $0

TOTAL REVENUE $9,118,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,111,461

Fundraising Expenses $10,710

Program Expenses $8,399,856

Other Expenses $2,619,677

TOTAL EXPENSES $9,731,138

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,118,920	$10,112,055	-0.1%
Expenses	$9,731,138	$7,381,842	+0.3%
Net Income	$-612,218	$2,730,213	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

140

Volunteers

N/A

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

Total Directors

Key Employees

$146,234

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Catherine Thibedeau	Executive Director	50.00	Key Emp	$146,234	$0	$146,234
Conrad Dhing	Treasurer - BOD	5.00	Officer Director	$0	$0	$0
Brandie DeWitt	President-BOD	5.00	Officer Director	$0	$0	$0
Philip Barb	Secretary - BOD	5.00	Officer Director	$0	$0	$0
Sally McKinnon	Director	5.00	Director	$0	$0	$0
Kate Walters	Vice-President - BOD	5.00	Officer Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$9,118,920	$9,731,138	$7,935,019	$-612,218
2022	$10,112,055	$7,381,842	$8,444,361	$2,730,213
2021	$5,230,065	$5,081,437	$6,166,615	$148,628
2020	$5,261,428	$5,127,220	$6,280,555	$134,208
2019	$4,951,037	$4,936,419	$5,629,598	$14,618
2018	$4,166,902	$4,164,260	$4,996,475	$2,642

Independence Advocates of Maine Inc