NORTHERN TRANSFORMATION CORPORATION (EIN 273146614) - 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

2010

Legal Domicile

Principal Officer

MARK L BERDAN

Phone

9893451090

Tax Period

2024-01-01 to 2024-12-31

NORTHERN TRANSFORMATION CORPORATION, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $285K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $248K left a modest 13% surplus.

Mission

TO IMPROVE THE QUALITY OF LIFE IN NORTHERN MICHIGAN.

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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 $285,024

Program Service Revenue $0

Investment Income $215

Other Revenue $12

TOTAL REVENUE $285,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $244,109

Other Expenses $248,309

TOTAL EXPENSES $248,309

Year-over-Year Comparison

	2024	2023	Change
Revenue	$285,251	$390,615	-0.3%
Expenses	$248,309	$372,178	-0.3%
Net Income	$36,942	$18,437	+1.0%

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
MARK L BERDAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
SCOTT GOVITZ	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT CAILLIER JR	VP/SECRETARY	5.00	Officer Director	$0	$0	$0
RENEE M NAGY	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS O'BRIEN	TREASURER	2.00	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	$285,251	$248,309	$431,819	$36,942
2023	$390,615	$372,178	$418,989	$18,437
2022	$353,181	$218,102	$424,862	$135,079
2021	$109,005	$77,165	$262,525	$31,840
2020	$296,385	$293,698	$240,941	$2,687
2019	$338,627	$282,264	$239,294	$56,363

NORTHERN TRANSFORMATION CORPORATION