NORTHERN ECONOMIC INITIATIVES CORPORATION (EIN 383024786) - 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

1991

Legal Domicile

Principal Officer

DENNIS J WEST

Phone

9062285571

Tax Period

2018-01-01 to 2018-12-31

NORTHERN ECONOMIC INITIATIVES CORPORATION, founded in 1991, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2018. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $1.1M, a strong 31% operating margin.

Mission

TO PROVIDE TAILORED BUSINESS SOLUTIONS TO ADVANCE AND CONNECT RURAL ECONOMIES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $2,466,339

Program Service Revenue $1,156,563

Investment Income $44,280

Other Revenue $830

TOTAL REVENUE $3,668,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,435,099

Fundraising Expenses $0

Program Expenses $2,104,953

Other Expenses $1,104,663

TOTAL EXPENSES $2,539,762

Year-over-Year Comparison

	2018	2017	Change
Revenue	$3,668,012	$4,549,309	-0.2%
Expenses	$2,539,762	$2,381,472	+0.1%
Net Income	$1,128,250	$2,167,837	-0.5%

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

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

$382,919

Total Directors

$174,319

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS J WEST	PRESIDENT	45.90	Officer Director	$140,794	$33,525	$174,319
ALFRED JOYAL III	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLES VAN LOAN	BOARD VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARY HOUGHTON	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
KATHY MASON	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
RONALD GRZYWINSKI	CLASS B DIRECTOR	1.00	Director	$0	$0	$0
CHANDRA MCMILLION	CLASS B DIRECTOR	1.00	Director	$0	$0	$0
R GAVIN LEACH	CLASS A DIRECTOR	1.00	Director	$0	$0	$0
THOMAS VEAR	CLASS B DIRECTOR	1.00	Director	$0	$0	$0
WES MAURER JR	CLASS B DIRECTOR	1.00	Director	$0	$0	$0
JESSE SCHRAMM	CLASS A DIRECTOR	1.00	Director	$0	$0	$0
BOB VALENTINE	CLASS A DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ESLINGER	CLASS A DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BOYLE	CLASS A DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH FREEMAN	CLASS B DIRECTOR	1.00	Director	$0	$0	$0
CHARLES H HURST	VICE PRESIDENT LENDING	40.70	Officer	$100,108	$6,955	$107,063
CHRISTINE RECTOR	BOARD SECRETARY (NON-VOTING)	40.90	Officer	$71,842	$29,695	$101,537

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
2018	$3,668,012	$2,539,762	No data	$1,128,250

NORTHERN ECONOMIC INITIATIVES CORPORATION