NORTHSPAN GROUP INC

EIN: 363386158

DULUTH, MN

Total Revenue
$1,847,657
Total Expenses
$1,790,624
Total Assets
$382,162
Net Assets
$126,295
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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
1985
Legal Domicile
MN
Principal Officer
ELISSA HANSEN
Phone
2184817737
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

SEE STATEMENT ON SCHEDULE O

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,833,197
Investment Income $0
Other Revenue $14,460
TOTAL REVENUE $1,847,657

Expense Breakdown

Grants Paid $0
Salaries & Benefits $936,474
Fundraising Expenses $0
Program Expenses $705,292
Other Expenses $854,150
TOTAL EXPENSES $1,790,624

Year-over-Year Comparison

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%
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

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Governance

Voting Members
14
Independent Members
14
Employees
13
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
6
$126,225
Total Directors
8
$0
Key Employees
1
$126,225
Highest Compensated
0
reported
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
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 $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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