Straits Area Services Inc
Cheboygan, Michigan
B+Health Score
70B+
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
💰
$658K
Total Revenue
📊
$572K
Total Expenses
🏦
$767K
Net Assets
📋
$30K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+1.4%
Year-over-year change (2022 → 2023)
Net Margin
+13.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.34
Net assets divided by total expenses
Liabilities-to-Assets
3.7%
Total liabilities as % of total assets
Filing History
12 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $658,372↑1% | $571,802↑1% | $796,315↑12% | |
| 2022 | $649,397↓9% | $564,128↑17% | $708,496↓9% | — |
| 2021 | $711,430↑65% | $482,918↓1% | $775,233↑24% | — |
| 2020 | $431,651↓42% | $487,748↓31% | $624,187↓7% | — |
| 2019 | $744,366↓10% | $707,984↓8% | $674,383↑1% | — |
| 2018 | $827,574↓14% | $773,008↓15% | $667,718↑6% | — |
| 2017 | $958,043↓6% | $908,991↓15% | $630,440↓1% | — |
| 2016 | $1,021,986↓6% | $1,072,586↑1% | $637,502↓8% | — |
| 2015 | $1,081,879↑3% | $1,060,666↑2% | $695,005↓1% | — |
| 2014 | $1,051,351↓5% | $1,044,364 | $700,306↓1% | — |
| 2013 | $1,104,831↑14% | $1,046,767↑9% | $703,872↑13% | — |
| 2012 | $971,593 | $956,828 | $622,802 | — |
Frequently Asked Questions
What does Straits Area Services Inc do?▼
Straits Area Services Inc is a human services nonprofit organization based in Michigan. It is classified under NTEE code P50 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Straits Area Services Inc financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Straits Area Services Inc.
How much revenue does Straits Area Services Inc generate?▼
Straits Area Services Inc reports $587K in annual revenue and holds $765K in total assets, based on IRS filings.
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