AMERICAN INDEPENDENCE CENTER

EIN: 223114603 501(c)(3) Arts, Culture & Humanities

EXETER, NH

Total Revenue
$409,974
Total Expenses
$462,495
Total Assets
$840,747
Net Assets
$739,480
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NH
Principal Officer
BRIAN LORTIE
Phone
6037722622
Tax Period
2023-01-01 to 2023-12-31

AMERICAN INDEPENDENCE CENTER, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $410K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $462K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE AMERICAN INDEPENDENCE MUSEUM PROMOTES AWARENESS, INCREASES UNDERSTANDING, AND CELEBRATES THE ACHIEVEMENT OF AMERICAN INDEPENDENCE SO AS TO RECOGNIZE THE MANY FACETS OF THE FOUNDING OF OUR NATION AND TO ENCOURAGE AND INSPIRE CIVIC ENGAGEMENT TODAY.

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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 $381,199
Program Service Revenue $20,280
Investment Income $3,130
Other Revenue $5,365
TOTAL REVENUE $409,974

Expense Breakdown

Grants Paid $0
Salaries & Benefits $230,273
Fundraising Expenses $1,226
Program Expenses $366,022
Other Expenses $232,222
TOTAL EXPENSES $462,495

Year-over-Year Comparison

2023 2022 Change
Revenue $409,974 $248,314 +0.7%
Expenses $462,495 $330,087 +0.4%
Net Income $-52,521 $-81,773 -0.4%
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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Governance

Voting Members
14
Independent Members
14
Employees
7
Volunteers
25

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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE PACE PRESIDENT 0.50
Officer Director
$0 $0 $0
NIKO PAPAKONSTANTIS VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
HOLLY BARCROFT SECRETARY 0.50
Officer Director
$0 $0 $0
BRIAN LORTIE TREASURER 0.50
Officer Director
$0 $0 $0
GREG GILMAN BOARD MEMBER 0.50
Director
$0 $0 $0
JULIE GILMAN BOARD MEMBER 0.50
Director
$0 $0 $0
MARK LEIGHTON BOARD MEMBER 0.50
Director
$0 $0 $0
SUSAN PARKER BOARD MEMBER 0.50
Director
$0 $0 $0
KAREN PRIOR BOARD MEMBER 0.50
Director
$0 $0 $0
SEAN REDMOND BOARD MEMBER 0.50
Director
$0 $0 $0
JUDY ROWAN BOARD MEMBER 0.50
Director
$0 $0 $0
PAUL STALLER BOARD MEMBER 0.50
Director
$0 $0 $0
DAVID TREBING BOARD MEMBER 0.50
Director
$0 $0 $0
ERIC VON ASCHWEGE BOARD MEMBER 0.50
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 $409,974 $462,495 $840,747 $-52,521
2022 $248,314 $330,087 $811,501 $-81,773
2022 $248,314 $330,087 $811,501 $-81,773
2021 $315,892 $338,370 $873,774 $-22,478
2020 $319,222 $283,078 $896,252 $36,144
2019 $413,780 $435,968 $825,308 $-22,188
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