NORTHERN HEALTH PLAN

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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

Formation Year

2001

Legal Domicile

Principal Officer

DAVID BELLAMY

Phone

2315477627

Tax Period

2019-10-01 to 2020-09-30

NORTHERN HEALTH PLAN, founded in 2001, is a small nonprofit that reported $627K in total revenue in fiscal year 2019. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 321% operating deficit.

Mission

TO FURNISH ORGANIZATIONAL AND OPERATION MANAGEMENT AND PROGRAM DIRECTION FOR PROJECTS DESIGNED TO ALLEVIATE THE COST OF UNCOMPENSATED HEALTH CARE BY HOSPITALS AND OTHER HEALTH PROVIDERS IN THE NORTHERN LOWER PENINSULA OF MICHIGAN. TO DEVELOP AND OPERATE, WITH THE SUPPORT AND COOPERATION OF PRIVATE SECTOR RESOURCES, PUBLIC AND PRIVATE SERVICES AGENCIES AND GOVERNMENTAL BODIES, PROGRAMS TO ENHANCE THE ECONOMIC AND SOCIAL WELL BEING AND TO IMPROVE THE LEVEL OF HEALTH OF THE SERVICE AREA, AND TO INCREASE ACCESS TO HEALTH CARE SERVICES FOR RESIDENTS OF THE SERVICE AREA WHO ARE UNABLE TO PAY FOR HEALTH CARE. TO PROVIDE ADVICE ON METHODS AND PROGRAMS DESIGNED TO DECREASE COSTS ASSOCIATED WITH UNCOMPENSATED HEALTH CARE IN SERVICE AREA, AND TO ACT AS A CLEARINGHOUSE FOR INFORMATION INVOLVED IN PROVIDING HEALTH CARE SERVICES TO PERSONS UNABLE TO PAY FOR SUCH HEALTH CARE.

Program Service Accomplishments

Program 1

Expenses: $1,963,709 Revenue: $6,148

TO PROVIDE SUPPORT FOR PROJECTS INTENDED TO REDUCE THE COST OF UNCOMPENSATED CARE IN THE REGION.

Program 2

Expenses: $652,213 Revenue: $652,213

THE COMMUNITY HEALTH INNOVATION REGION PROJECT IS AN EFFORT TO HELP THE STATE AND FEDERAL GOVERNMENT IMPLEMENT INNOVATIONS INTENDED TO ADDRESS THE TRIPLE AIM OF BETTER HEALTH, BETTER CARE AND LOWER COST. IT DOES THIS THROUGH PROJECTS INTENDED TO HELP VULNERABLE PEOPLE GET THE RIGHT CARE AT THE RIGHT PLACE AT THE RIGHT TIME AND THROUGH PROJECTS INTENDED TO ADDRESS SOCIAL DETERMINATES OF HEALTH.

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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 (2019)

Revenue Breakdown

Contributions & Grants $490

Program Service Revenue $658,213

Investment Income $-31,655

Other Revenue $148

TOTAL REVENUE $627,196

Expense Breakdown

Grants Paid $1,886,000

Salaries & Benefits $35,316

Fundraising Expenses $0

Program Expenses $2,615,922

Other Expenses $717,002

TOTAL EXPENSES $2,638,318

Year-over-Year Comparison

	2019	2018	Change
Revenue	$627,196	$1,428,878	-0.6%
Expenses	$2,638,318	$1,586,612	+0.7%
Net Income	$-2,011,122	$-157,734	+11.8%

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

$2,080

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE BAUMGARDNER	BOARD MEMBER	0.50	Director	$0	$0	$0
MYRNA HOLLAND	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT COURTOIS	BOARD MEMBER	0.50	Director	$0	$0	$0
CAROL SHAFTO	SECRETARY	1.00	Officer Director	$0	$0	$0
LISA PEACOCK	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN BRUNING	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID BELLAMY	EXECUTIVE DIRECTOR	8.00	Officer	$2,080	$0	$2,080

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
2020	$627,196	$2,638,318	No data	$-2,011,122
2019	$1,428,878	$1,586,612	$2,248,282	$-157,734
2018	$1,272,054	$1,438,384	$2,355,202	$-166,330