PHuman ServicesEIN: 391343425· Ruling Year: 1980

Independence First Inc

Milwaukee, Wisconsin

B+Health Score
69B+

Financial Health Score

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

Good

How This Organization Compares

Compared to 15 peers in Human Services with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.54×
Peer Median7.39×
💰
$25.2M
Total Revenue
📊
$24.9M
Total Expenses
🏦
$13.5M
Net Assets
📋
$4.0M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-3.7%
Year-over-year change (2022 → 2023)
Net Margin
+1.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.54
Net assets divided by total expenses
Liabilities-to-Assets
22.8%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$25,211,2484%$24,937,9593%$17,483,26310%
2022$26,173,7893%$25,802,0112%$15,904,4437%
2021$27,006,89119%$25,342,9928%$17,159,9487%
2020$33,424,70910%$27,496,5524%$16,034,79749%
2019$30,373,2604%$28,768,3654%$10,757,9461%
2018$29,267,6732%$30,113,4612%$10,872,5378%
2017$29,885,1061%$30,734,4743%$11,825,6478%
2016$30,146,0782%$31,526,3712%$12,850,0176%
2015$30,781,18311%$32,172,6207%$13,699,53010%
2014$34,424,0862%$34,703,44431%$15,186,2392%
2013$35,136,554$49,951,46246%$15,525,72748%
2012$35,018,5354%$34,228,4453%$29,631,65132%
2011$33,534,089$33,129,601$22,395,843

Frequently Asked Questions

What does Independence First Inc do?

Independence First Inc is a human services nonprofit organization based in Wisconsin. It is classified under NTEE code P80Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Independence First Inc financially healthy?

Based on our 9-metric Financial Health Score model, Independence First Inc has a score of 69/100 (Grade: B+). 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 Independence First Inc generate?

Independence First Inc reports $24.0M in annual revenue and holds $17.2M in total assets, based on IRS filings.

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