Northern Light Health Foundation (EIN 222514163) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Principal Officer

John Doyle

Phone

2079739081

Tax Period

2023-10-01 to 2024-09-30

Northern Light Health Foundation, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $17.7M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $16.2M left a modest 9% surplus.

Mission

Raise & manage funds for exempt organizations

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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 $10,456,730

Program Service Revenue $3,739,132

Investment Income $3,499,176

Other Revenue $200

TOTAL REVENUE $17,695,238

Expense Breakdown

Grants Paid $12,030,293

Salaries & Benefits $719,175

Fundraising Expenses $691,322

Program Expenses $15,280,336

Other Expenses $3,414,529

TOTAL EXPENSES $16,163,997

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,695,238	$13,663,940	+0.3%
Expenses	$16,163,997	$14,815,743	+0.1%
Net Income	$1,531,241	$-1,151,803	-2.3%

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

N/A

Volunteers

415

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

$4,101,413

Total Directors

$3,222,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Dentry NLH PresidentCEO	Ex-Officio	1.00	Officer Director	$0	$65,850	$1,957,524
F Parke Oldenburg MD	Director	1.00	Director	$0	$59,014	$926,407
Anthony Filer SVPCFO	Treasurer-Pt Yr	1.00	Officer	$0	$67,850	$853,903
George Eaton Esq SVPCLO	Secretary	1.00	Officer	$0	$54,658	$570,811
Glenn Martin	Former SVP-Chief Legal Officer	1.00		$0	$3,969	$427,022
Mike Smith President	Director	50.00	Officer Director	$277,910	$60,739	$338,649
Wendy M Lux	VP of Phil	50.00	Officer	$172,371	$51,998	$224,369
Susan Rouillard	Former VP-Regional Philanthropy Off	50.00		$0	$21,919	$162,071
Cynthia Faulkner	VP of Phil	50.00	Officer	$150,019	$6,138	$156,157
John Simpson	Director	1.00	Director	$0	$0	$0
Brian Hamel	Chairman	1.00	Officer Director	$0	$0	$0
Margaret Hourigan	Director	1.00	Director	$0	$0	$0
Alicia Nichols	Director	1.00	Director	$0	$0	$0
Shirar Patterson	Director	1.00	Director	$0	$0	$0
Lori Roming	Director	1.00	Director	$0	$0	$0
Karen Stanley	Director	1.00	Director	$0	$0	$0
Lisa Toner	Director	1.00	Director	$0	$0	$0
Arielle Silver Karsh	Director	1.00	Director	$0	$0	$0
Richard Sawyer	Director	1.00	Director	$0	$0	$0
Aram Khavari	Vice Chairman	1.00	Officer Director	$0	$0	$0
James Rohrbaugh CPA	Treasurer	1.00	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	$17,695,238	$16,163,997	$100,274,404	$1,531,241
2023	$13,663,940	$14,815,743	$91,838,799	$-1,151,803
2022	$22,076,154	$21,041,235	$89,386,869	$1,034,919
2021	$36,855,468	$14,698,491	$97,816,251	$22,156,977
2020	$16,188,792	$21,185,463	$82,173,018	$-4,996,671
2019	$11,840,384	$13,147,408	$88,240,668	$-1,307,024
2018	$11,182,812	$12,018,826	$87,901,252	$-836,014

Northern Light Health Foundation