NAMI FAR NORTH INC (EIN 260283018) - 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

2007

Legal Domicile

Principal Officer

CATHERINE PERUSSE

Phone

2085972047

Tax Period

2020-01-01 to 2020-12-31

NAMI FAR NORTH INC, founded in 2007, is a micro nonprofit in the Mental Health sector that reported $71K in total revenue in fiscal year 2020. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $81K exceeded revenue, resulting in a 14% operating deficit.

Mission

OUR MISSION STATEMENT IS LAID FORTH IN OUR CORPORATE BYLAWS: MISSION A. TO PROVIDE SUPPORT, EDUCATION AND ADVOCACY FOR PEOPLE WITH MENTAL ILLNESS (HEREINAFTER REFERRED TO AS CONSUMERS), FAMILY MEMBERS AND FRIENDS. B. TO PROVIDE A NETWORK OF SUPPORT FOR CONSUMERS, FAMILY MEMBERS AND FRIENDS IN TIMES OF CRISIS AND ON AN ON-GOING BASIS. C. TO ELEVATE THE LEVEL OF SENSITIVITY AND KNOWLEDGE OF MENTAL ILLNESS AMONG HEALTH CARE PROFESSIONALS, LAW ENFORCEMENT AGENCIES AND THE PUBLIC. D. TO PROMOTE BETTER QUALITY OF CARE FOR CONSUMERS, TO PROMOTE THE RIGHTS AND INTERESTS OF CONSUMERS AND TO ADVOCATE POLICIES AT THE LOCAL, STATE AND NATIONAL LEVELS TO ACCOMPLISH THESE OBJECTIVES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $70,607

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $70,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,871

Other Expenses $80,683

TOTAL EXPENSES $80,683

Year-over-Year Comparison

	2020	2019	Change
Revenue	$70,607	$94,387	-0.3%
Expenses	$80,683	$82,259	0.0%
Net Income	$-10,076	$12,128	-1.8%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAN BURT	BOARD MEMBER	N/A	Director	$0	$0	$0
ANN FERGUSON-WIMBERLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
KIM KEMPTONK	BOARD MEMBER	N/A	Director	$0	$0	$0
JESSICA RACHELS	BOARD MEMBER	N/A	Director	$0	$0	$0
PATRICK RACHELS	BOARD MEMBER	N/A	Director	$0	$0	$0
ELLIE LAZOTTE	PRESIDENT	N/A	Officer	$0	$0	$0
DAWN MEHRA	VICE PRESIDE	N/A	Officer	$0	$0	$0
CATHERINE PERUSSE	TREASURER	N/A	Officer	$0	$0	$0
NANCY SCHMIDT	CO-VICE PRES	N/A	Officer	$0	$0	$0
VICTOR VOSEN	SECRETARY	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
2020	$70,607	$80,683	$46,988	$-10,076
2019	$94,387	$82,259	$57,014	$12,128

NAMI FAR NORTH INC