NHF SUB CHARLEVOIX

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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

1991

Legal Domicile

Principal Officer

STEVE HALL

Phone

9893794067

Tax Period

2023-01-01 to 2023-12-31

NHF SUB CHARLEVOIX, founded in 1991, is a small nonprofit that reported $194K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $176K left a modest 9% surplus.

Mission

REAL PROPERTY RENTAL TO GOVERNMENTAL AGENCIES.

Program Service Accomplishments

Program 1

Expenses: $176,451 Revenue: $194,400

NHF SUB CHARLEVOIX HOLDS TITLE TO REAL PROPERTY, WHICH IS RENTED TO THE DISTRICT HEALTH DEPARTMENT, AND REMITS THE NET INCOME TO NORTHERN HEALTH FOUNDATION, THE SECTION 501(C) 3 PARENT ORGANIZATION.

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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 $0

Program Service Revenue $194,400

Investment Income $0

Other Revenue $0

TOTAL REVENUE $194,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $176,451

Other Expenses $176,451

TOTAL EXPENSES $176,451

Year-over-Year Comparison

	2023	2022	Change
Revenue	$194,400	$206,400	-0.1%
Expenses	$176,451	$154,196	+0.1%
Net Income	$17,949	$52,204	-0.7%

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

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
STEVE HALL	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTINE LOPEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
LARRY A LOSINSKI	TREASURER	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$194,400	$176,451	$1,736,201	$17,949
2022	$206,400	$154,196	$1,856,688	$52,204
2021	$242,400	$170,481	$2,209,076	$71,919
2020	$242,400	$180,733	$2,288,465	$61,667
2019	$242,400	$183,895	$2,380,414	$58,505
2018	$242,400	$210,331	$2,470,781	$32,069