DULUTH, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORTHSPAN GROUP INC, founded in 1985, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 3% surplus.
SEE STATEMENT ON SCHEDULE O
PROGRAM AND CONNECTIONS (FORMERLY COMMUNITY) - NAICS CODE 541610 SEE STATEMENT ON SCHEDULE O
CAPACITY (FORMERLY ORGANIZATIONAL) - NAICS CODE 541610 NORTHSPAN IMPROVES THE HEALTH AND VITALITY OF BOARDS, COUNCILS, COMMITTEES, GROUPS, AND COLLABORATIONS THROUGH ORGANIZATIONAL DEVELOPMENT AND...
CAPACITY (FORMERLY ORGANIZATIONAL) - NAICS CODE 541610 NORTHSPAN IMPROVES THE HEALTH AND VITALITY OF BOARDS, COUNCILS, COMMITTEES, GROUPS, AND COLLABORATIONS THROUGH ORGANIZATIONAL DEVELOPMENT AND BUILDS CAPACITY, IMPROVES DECISION-MAKING, AND ENHANCES EFFECTIVENESS. WE COORDINATE AND FACILTATE STRATEGIC PLANNING PROCESSES AND PROVIDE TECHNICAL ASSISTANCE FOR CHANGE, GROWTH MANAGEMENT, AND DEVELOPMENT. THESE SERVICES CAN RANGE FROM GENERAL MEETING MANAGEMENT AND PLANNING SERVICES TO THE FACILITATION OF MULTI-YEAR ECONOMIC ADJUSTMENT, CRISIS RESPONSE, AND READINESS PLANNING INITIATIVES. WE ALSO CONDUCT PROJECT-SPECIFIC FEASIBILITY STUDIES AND ECONOMIC IMPACT ANALYSES THAT HELP ORGANIZATIONS PLAN FOR GROWTH AND CHANGE.
CAPITAL (FORMERLY BUSINESS) - NAICS CODE 523930 NORTHSPANS BUSINESS DEVELOPMENT SERVICES NEST WITHIN A NETWORK OF PUBLIC AND PRIVATE PARTNERS TO PROVIDE CRITICAL GAP SERVICES, AND WE WORK WITH...
CAPITAL (FORMERLY BUSINESS) - NAICS CODE 523930 NORTHSPANS BUSINESS DEVELOPMENT SERVICES NEST WITHIN A NETWORK OF PUBLIC AND PRIVATE PARTNERS TO PROVIDE CRITICAL GAP SERVICES, AND WE WORK WITH COMPANIES OF ALL SIZES TO GROW THE ECONOMY IN THE COMMUNITIES WE SERVE. WE STRUCTURE AND FACILITATE FINANCING FOR PROJECTS AND PROVIDE EXPERTISE IN PACKAGING LOAN AND GRANT APPLICATIONS. WE PARTNER WITH COMMUNITIES AND FINANCIAL INSTITUTIONS TO PROVIDE LOAN PROGRAM SUPPORT SERVICES, AND WE ALSO PARTNER WITH COMMUNITY BANKS TO PROVIDE SMALL BUSINESS ADMINISTRATION (SBA)7A LOAN GUARANTY PROGRAM SERVICES. NORTHSPAN ALSO PROVIDES ACCREDITED BUSINESS VALUATION AND SUCCESSION PLANNING SERVICES TO ASSIST BUSINESSES THROUGH ALL STAGES OF GROWTH AND TRANSITION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,847,657 | $1,384,887 | +0.3% |
| Expenses | $1,790,624 | $1,457,475 | +0.2% |
| Net Income | $57,033 | $-72,588 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ELISSA HANSEN | PRESIDENTCEO | 40.00 |
Officer
Key Emp
|
$126,225 | $0 | $126,225 |
| CHRIS LAFLEUR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ZANE BAIL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM WERNER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN BOSLEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ZACK FILIPOVICH | FINANCE MANAGER | 1.00 |
Director
|
$0 | $0 | $0 |
| REBEKKAH ANDERSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID COPP | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CLAIRE PETERLIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMIE ADAMS | CHAIR | 1.00 |
Officer
|
$0 | $0 | $0 |
| MARK JEFFERS | VICE CHAIR | 1.00 |
Officer
|
$0 | $0 | $0 |
| TAMARA LOWNEY | SECRETARY | 1.00 |
Officer
|
$0 | $0 | $0 |
| MEG THORESON | TREASURER | 1.00 |
Officer
|
$0 | $0 | $0 |
| KIERA WILSON | PAST BOARD CHAIR | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,847,657 | $1,790,624 | $382,162 | $57,033 |
| 2023 | $1,384,887 | $1,457,475 | $491,335 | $-72,588 |
| 2023 | $1,384,887 | $1,457,475 | $491,335 | $-72,588 |
| 2022 | $837,383 | $1,071,482 | $418,334 | $-234,099 |
| 2021 | $824,081 | $817,292 | $484,560 | $6,789 |
| 2020 | $828,124 | $785,199 | $450,721 | $42,925 |
| 2019 | $950,897 | $883,852 | $360,450 | $67,045 |
| 2018 | $704,189 | $726,559 | $320,482 | $-22,370 |
| 2018 | $704,189 | $726,769 | $312,395 | $-22,580 |
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