True North Treks NFP

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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

2008

Legal Domicile

Principal Officer

Gretchen Doninger

Tax Period

2023-01-01 to 2023-12-31

True North Treks NFP, founded in 2008, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 624% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 83% operating margin.

Program Service Accomplishments

Program 1

Expenses: $219,830

The signature program of True North Treks is to provide free backpacking and canoeing treks in wilderness destinations where survivors and caregivers may connect with nature, connect with peers, and connect with themselves. True North Treks also offers free health promotion support and coaching to all alumni, as well as free yoga and meditation classes to cancer survivors and caregivers at select medical treatment facilities.

Program 2

Expenses: $71,809

Education and outreach are provided to young adult cancer survivors through presentations at conferences, social media outreach and education services.

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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 $2,108,188

Program Service Revenue $0

Investment Income $2,328

Other Revenue $0

TOTAL REVENUE $2,110,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,648

Fundraising Expenses $12,184

Program Expenses $291,639

Other Expenses $282,249

TOTAL EXPENSES $355,897

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,110,516	$291,537	+6.2%
Expenses	$355,897	$308,529	+0.2%
Net Income	$1,754,619	$-16,992	-104.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adekunle Adegbemi	Director	1.00	Director	$0	$0	$0
Bradley Corr	Director	1.00	Director	$0	$0	$0
Kristin Smith	Director	1.00	Director	$0	$0	$0
John Salsman	Director	1.00	Director	$0	$0	$0
David Victorson	President	20.00	Officer Director	$0	$0	$0
Gretchen Doninger	Treasurer	10.00	Officer Director	$0	$0	$0
Karen Arredondo	Secretary	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$2,110,516	$355,897	$4,339,812	$1,754,619
2022	$291,537	$308,529	$2,589,266	$-16,992
2021	$265,574	$251,285	$2,582,377	$14,289
2020	$290,213	$206,846	$2,570,587	$83,367
2019	$368,962	$301,900	$2,476,449	$67,062
2018	$297,677	$239,023	$2,407,628	$58,654