Iam-3rivers INC EIN 01-0349310

Iam-3rivers INC

EIN  01-0349310 Public charity (501(c)(3)) Orono, ME Founded 1977
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/13/26 · see original filing: IRS
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Size
$1–10M
What they do
Provides housing, nursing care, and community support for adults with intellectual disabilities.
Leadership
Catherine Thibedeau · Executive Director · $134K
Money in and out
$9.7M revenue, $9.9M expenses
Bottom line
92% program efficiency

Provides housing, nursing care, and community support for adults with intellectual disabilities. For fiscal year 2024 it reported $9.7M in revenue, $9.9M in expenses, and $2.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$9.7M
Pt VIII · Ln 12
Total expenses
$9.9M
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$215K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08 Fundraising $0.00
Program efficiency
92%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate▼ -26% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▲ +67% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$9.7M
FY2024▲ +7%
Expenses
$9.9M
FY2024▲ +2%
Total assets
$8.1M
FY2024▲ +2%
Total liabilities
$5.8M
FY2024▲ +7%
Total revenue
$9.7M
Pt VIII · Ln 12
Total expenses
$9.9M
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$215K
Total assetsPt X · Ln 16$8.1M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $9.1M of program spending, described in the organization's own filed words · FY2023.
01

Treats Falls House provides residential and nursing care to seventeen adults with intellectual disabilities who have challenging medical, physical and/or behavioral needs. Our experienced and highly skilled employees provide these progressive and specialized services in order to maximize each individuals potential with an emphasis on…

$5.1Mprogram expense
02

Community Ties (CT) and Community Connections (CC) provides day habilitation support needs. CT is based in Penobscot County while CC is in Aroostook County. Both programs are designed to meet each individuals needs and give them the best opportunity to succeed and thrive.

$2.1Mprogram expense
03

Residential supports enable adults with intellectual disabilities to live as independently in the community as possible. This is enhanced by a growing use of technology, providing remote access to support staff. Both Assisted Living homes as well as Shared Living living models are utilized.

$1.9Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIam-3rivers INC
EINHdr · item D01-0349310
Principal addressHdr · item COrono, ME
WebsiteHdr · item Jwww.iamsupports.org
Year of formationHdr · item L1977
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P700)
Ruling yearIRS BMFJul 1978

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$133,617Pt VII · Sec A
Treasurer - Bod
$0Pt VII · Sec A
President-Bod
$0Pt VII · Sec A
Secretary - Bod
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-President - Bod
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Chatherine Thibedeau$146,235
Catherine Thibedeau$133,617$146,234$136,234$136,233

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$9.1M · 94%
Contributions & grants$521K · 5%
Investment income$67K · 1%
Program service revenue94%$9.1M
Contributions & grants5%$521K
Investment income1%$67K
— government grantsLn 1e$488K
Total revenueLn 12$9.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08 Fundraising $0.00
Program services92%$9.1M
Management & general8%$808K
Fundraising$14K
Total functional expensesLn 25$9.9M

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$8.1M
Total liabilitiesLn 26$5.8M
Total net assetsLn 32$2.3M
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $9.9M
1.4 months
Where the money goes
Program services
Program services $9.1M · Total expenses $9.9M
92%
Management & General
Management & general $808K · Total expenses $9.9M
8%
Fundraising
Fundraising $14K · Total expenses $9.9M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $11K · Solicited contributions (3-yr avg) $815K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $521K · Total revenue $9.7M
5%
Government reliance
Government grants $488K · Total revenue $9.7M
5%
Earned-income share
Program service revenue $9.1M · Total revenue $9.7M
94%
Investment reliance
Investment income $67K · Total revenue $9.7M
+1%
Program self-sufficiency
Program service revenue $9.1M · Total expenses $9.9M
92%
Growth & trend
Revenue growth (YoY)
This year $9.7M · Prior year $9.1M
+7%
Revenue CAGR
FY2019 $5.3M · FY2023 $9.7M
+17%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $9.7M · Expenses $9.9M
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $8.1M
Net-asset ratio
Net assets $2.3M · Total assets $8.1M
28%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $8.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Catherine Thibedeau · Reported title Executive Director · Highest reported compensation $134K · Total expenses $9.9M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7.0M · Total expenses $9.9M
71%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 3%
Revenue growth 7%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$19

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$9.7M revenue · viewing · ⤓ 990 PDF
FY2023$9.1M revenue · ⤓ 990 PDF
FY2022$10.1M revenue · ⤓ 990 PDF
FY2021$5.2M revenue · ⤓ 990 PDF
FY2020$5.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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