NORTHERN HEALTH FOUNDATION

EIN: 382619970 501(c)(3)

ALPENA, MI

Total Revenue
$36,807
Total Expenses
$32,547
Total Assets
$571,823
Net Assets
$564,660
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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
MI
Principal Officer
STEVE HALL
Phone
9893794067
Tax Period
2024-01-01 to 2024-12-31

NORTHERN HEALTH FOUNDATION, founded in 1985, is a micro nonprofit that reported $37K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $33K left a modest 12% surplus.

Mission

PROMOTION OF PUBLIC HEALTH CARE PROGRAMS.

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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 $7,094
Program Service Revenue $0
Investment Income $29,713
Other Revenue $0
TOTAL REVENUE $36,807

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $32,547
Other Expenses $32,547
TOTAL EXPENSES $32,547

Year-over-Year Comparison

2024 2023 Change
Revenue $36,807 $115,525 -0.7%
Expenses $32,547 $168,884 -0.8%
Net Income $4,260 $-53,359 -1.1%
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
8
Independent Members
8
Employees
N/A
Volunteers
8

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
9
$19,050
Total Directors
9
$19,050
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY A LOSINSKI TREASURER 7.00
Officer Director
$19,050 $0 $19,050
LIZ BRADDOCK DIRECTOR 0.50
Officer Director
$0 $0 $0
DENISE BRYAN DIRECTOR 0.50
Officer Director
$0 $0 $0
NICHOLAS DERUSHA DIRECTOR 0.50
Officer Director
$0 $0 $0
STEVE HALL PRESIDENT 2.00
Officer Director
$0 $0 $0
CHRISTINE LOPEZ SECRETARY 0.50
Officer Director
$0 $0 $0
JAMES TERRIAN MD DIRECTOR 0.50
Officer Director
$0 $0 $0
KAREN SENKUS DIRECTOR 0.50
Officer Director
$0 $0 $0
DANIEL THORELL DIRECTOR 0.50
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
2025 No data No data No data No data
2024 $36,807 $32,547 $571,823 $4,260
2023 $115,525 $168,884 $570,379 $-53,359
2022 $117,179 $10,400 $580,283 $106,779
2021 $20,221 $14,505 $532,847 $5,716
2020 $19,362 $15,294 $526,346 $4,068
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