NORTHERN LIGHTS BUILDING COMPANY (EIN 260260117) - 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

2005

Legal Domicile

Principal Officer

DAVID HAGMAN

Phone

2182565777

Tax Period

2024-07-01 to 2025-06-30

NORTHERN LIGHTS BUILDING COMPANY, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $178K in total revenue in fiscal year 2024. The organization ran a surplus of $70K, a strong 39% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO HOLD AND MANAGE REAL ESTATE AND LEASE THE REAL ESTATE TO A STATE OF MINNESOTA CHARTER SCHOOL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $168,558

Investment Income $9,286

Other Revenue $0

TOTAL REVENUE $177,844

Expense Breakdown

Grants Paid $7,307

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,240

Other Expenses $100,732

TOTAL EXPENSES $108,039

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,844	$176,435	+0.0%
Expenses	$108,039	$120,537	-0.1%
Net Income	$69,805	$55,898	+0.2%

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

$4,340

Total Directors

$4,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HAGMAN	INTERIM BOARD CHAIR	2.00	Officer Director	$0	$0	$0
AMY CHUNG	TREASURER, SECRETARY	2.00	Officer Director	$4,340	$0	$4,340
DAVID CAREY	BOARD MEMBER	0.25	Director	$0	$0	$0
ELLEN COFFEL	BOARD MEMBER	0.25	Director	$0	$0	$0
ART NORTON	BOARD MEMBER	0.25	Director	$0	$0	$0
GAIL OTTESON	BOARD MEMBER	0.25	Director	$0	$0	$0
ORLEND MENZE	ADVISOR	0.25	Director	$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
2025	$177,844	$108,039	$1,441,676	$69,805
2024	$176,435	$120,537	$1,438,091	$55,898
2023	$146,353	$100,210	$1,416,333	$46,143
2022	$168,558	$107,705	$1,417,069	$60,853
2021	$168,558	$116,622	$1,431,696	$51,936
2020	$168,558	$114,827	$1,398,683	$53,731
2019	$337,449	$122,381	$1,359,827	$215,068

NORTHERN LIGHTS BUILDING COMPANY