Evernorth

Portland, Maine

B+Health Score
65B+

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 3 peers in Housing & Shelter with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org1.83×
Peer Median12.01×
💰
$8.9M
Total Revenue
📊
$9.1M
Total Expenses
🏦
$16.7M
Net Assets
📋
$8.5M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-3.8%
Year-over-year change (2022 → 2023)
Net Margin
-2.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.83
Net assets divided by total expenses
Liabilities-to-Assets
33.8%
Total liabilities as % of total assets

Filing History

4 filings on record
YearRevenueExpensesAssets
2023$8,935,2944%$9,124,6149%$25,211,0583%
2022$9,285,26013%$8,351,21612%$25,975,172
2021$8,207,006$7,485,2338910892%$26,020,8236735%
2020$0$84$380,716

Frequently Asked Questions

What does Evernorth do?

Evernorth is a housing & shelter nonprofit organization based in Maine. It is classified under NTEE code L21 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Evernorth financially healthy?

Based on our 9-metric Financial Health Score model, Evernorth has a score of 65/100 (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 Evernorth generate?

Evernorth reports $11.2M in annual revenue and holds $26.0M in total assets, based on IRS filings.

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