NORTH COUNTRY HEALTH SYSTEMS INC

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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

1984

Legal Domicile

Phone

8023343263

Tax Period

2023-10-01 to 2024-09-30

NORTH COUNTRY HEALTH SYSTEMS INC, founded in 1984, is a small nonprofit that reported $277K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $170K, a strong 61% operating margin.

Mission

TO ORGANIZE FUNDRAISING EFFORTS TO PROVIDE AFFILIATED ORGANIZATIONS WITH RESOURCES NEEDED TO CARRY OUT THEIR EXEMPT FUNCTIONS.

Program Service Accomplishments

Program 1

Expenses: $55,449 Revenue: $5,000

TO ORGANIZE FUNDRAISING EFFORTS TO PROVIDE AFFILIATED ORGANIZATIONS WITH RESOURCES NEEDED TO CARRY OUT THEIR EXEMPT FUNCTIONS.

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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 $209,951

Program Service Revenue $5,000

Investment Income $67,277

Other Revenue $-5,159

TOTAL REVENUE $277,069

Expense Breakdown

Grants Paid $13,988

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,449

Other Expenses $93,160

TOTAL EXPENSES $107,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$277,069	$229,588	+0.2%
Expenses	$107,148	$124,382	-0.1%
Net Income	$169,921	$105,206	+0.6%

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

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

$1,957,128

Total Directors

$1,442,245

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN STANLEY	TRUSTEE END/FINANCE VICE CHAIR & TREASURER BEG 02/24	2.0	Officer Director	$0	$0	$0
FRANK KNOLL	CHAIR END 01/24	2.0	Officer Director	$0	$0	$0
GREGORY WALKER MD	MEDICAL STAFF PRESIDENT	2.0	Officer Director	$0	$41,778	$583,483
LOUISE BONVECHIO	FINANCE VICE CHAIR & TREASURER END/CHAIR BEG 02/24	2.0	Officer Director	$0	$0	$0
NANCY BULLOCK	SECRETARY/CLERK	2.0	Officer Director	$0	$0	$0
PETER STUART MD	MEDICAL STAFF VICE PRESIDENT	2.0	Officer Director	$0	$29,918	$579,969
STEVE WRIGHT	VICE CHAIR	2.0	Officer Director	$0	$0	$0
THOMAS FRANK	PRESIDENT & CEO	2.0	Officer Director	$0	$14,992	$278,793
JANET OSBORNE	TRUSTEE	2.0	Director	$0	$0	$0
JENNIFER HARLOW-JACOBS	TRUSTEE	2.0	Director	$0	$0	$0
JOHN MONETTE	TRUSTEE	2.0	Director	$0	$0	$0
Nicholas Maclure	TRUSTEE BEG 02/24	2.0	Director	$0	$0	$0
Samantha Stevens	TRUSTEE BEG 02/24	2.0	Director	$0	$0	$0
STACEY CHARBONEAU	TRUSTEE	2.0	Director	$0	$0	$0
WILLIAM PECK	TRUSTEE	2.0	Director	$0	$0	$0
FRED SCHAFFNER	CFO BEG 04/24	2.0	Officer	$0	$0	$0
KYLE KOVACEVICH	CFO END 11/23	2.0	Officer	$0	$8,958	$89,849
TRACEY PAUL	COO	2.0	Officer	$0	$52,111	$425,034

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	$277,069	$107,148	$2,405,174	$169,921
2023	$229,588	$124,382	$1,939,732	$105,206
2022	$355,728	$71,154	$1,780,055	$284,574
2021	$493,214	$69,858	$1,883,138	$423,356
2020	$169,165	$155,865	$1,339,928	$13,300
2019	$123,522	$306,609	$1,251,243	$-183,087
2018	$320,105	$214,433	$1,419,858	$105,672