NORTH SHORE AREA PARTNERS

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Principal Officer

KELLY LOOBY

Phone

2182263635

Tax Period

2023-01-01 to 2023-12-31

NORTH SHORE AREA PARTNERS is a small nonprofit in the Human Services sector that reported $641K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $612K left a modest 5% surplus.

Mission

SUPPORTING THE INDEPENDENCE OF OLDER ADULTS IN EASTERN LAKE COUNTY MN WHO WISH TO LIVE AT HOME AS LONG AS POSSIBLE BY COORDINATING COMMUNITY VOLUNTEERS TO PROVIDE TRANSPORATION AND OTHER SERVICES, OFFERING CARE NAVIGATION AND IN-HOME SERVICES, AND ORGANIZING SOCIAL AND EDUCATION PROGRAMS AND OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $81,900

SENIOR COMMUNITY CENTER: OPERATING A SENIOR COMMUNITY CENTER IN SILVER BAY MN AT 36 SHOPPING CENTER RD IN THE FORMER WELLS FARGO BANK BUILDING

Program 2

Expenses: $323,608 Revenue: $138,625

HOME CARE & CAREGIVER SUPPORT: PROVIDE AGING SERVICES CARE NAVIGATION ASSISTANCE TO OLDER ADULTS AND THEIR CAREGIVERS, OFFER INDIVIDUAL AND GROUP COUNSELING AND EDUCATION, PROVIDE IN-HOME PERSONAL...

HOME CARE & CAREGIVER SUPPORT: PROVIDE AGING SERVICES CARE NAVIGATION ASSISTANCE TO OLDER ADULTS AND THEIR CAREGIVERS, OFFER INDIVIDUAL AND GROUP COUNSELING AND EDUCATION, PROVIDE IN-HOME PERSONAL CARE AND HOMEMAKING SERVICES.

Program 3

Expenses: $44,135 Revenue: $6,650

VOLUNTEER PROGRAM: RECRUIT, TRAIN, AND COORDINATE VOLUNTEERS TO PROVIDE SERVICES AND SUPPORT TO OLDER ADULTS, INCLUDING TRANSPORTATION, CHORE ASSISTANCE, GROCERY AND MEALS-ON-WHEELS DELIVERY...

VOLUNTEER PROGRAM: RECRUIT, TRAIN, AND COORDINATE VOLUNTEERS TO PROVIDE SERVICES AND SUPPORT TO OLDER ADULTS, INCLUDING TRANSPORTATION, CHORE ASSISTANCE, GROCERY AND MEALS-ON-WHEELS DELIVERY, FRIENDLY VISITING ETC.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $464,279

Program Service Revenue $145,275

Investment Income $10,000

Other Revenue $21,785

TOTAL REVENUE $641,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $440,754

Fundraising Expenses $45,251

Program Expenses $515,172

Other Expenses $170,973

TOTAL EXPENSES $611,727

Year-over-Year Comparison

	2023	2022	Change
Revenue	$641,339	$686,698	-0.1%
Expenses	$611,727	$477,996	+0.3%
Net Income	$29,612	$208,702	-0.9%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$70,725

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISE ABAZS	FORMER EXECU	40.00	Officer	$68,700	$2,025	$70,725
BRANDI BERQUIST	DIRECTOR	N/A	Director	$0	$0	$0
CINDY HANSON	BOARD SECRET	N/A	Officer Director	$0	$0	$0
LISA HOFF	DIRECTOR	N/A	Director	$0	$0	$0
MARY PLANTEN KRELL	CHAIR	N/A	Officer Director	$0	$0	$0
DEAN RUDLOFF	DIRECTOR	N/A	Director	$0	$0	$0
TOM SUMMERFIELD	DIRECTOR	N/A	Director	$0	$0	$0
ALIS STEVENS	DIRECTOR	N/A	Director	$0	$0	$0
RANDALL WALZ	VICE CHAIR	N/A	Officer Director	$0	$0	$0
BEV YOKI	TREASURER	N/A	Officer Director	$0	$0	$0
KELLY LOOBY	EXECUTIVE DI	N/A	Officer	$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	$641,339	$611,727	$926,650	$29,612
2022	$686,698	$477,996	$876,933	$208,702
2021	$526,505	$473,613	$744,006	$52,892
2020	$554,696	$258,413	$719,392	$296,283