Northern Lights Foundation

EIN: 383732809 501(c)(3) Human Services

Duluth, MN

Total Revenue
$596,381
Total Expenses
$256,679
Total Assets
$678,972
Net Assets
$670,511
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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
2005
Legal Domicile
MN
Principal Officer
Kenneth C Larson
Phone
2185913641
Tax Period
2025-01-01 to 2025-12-31

Northern Lights Foundation, founded in 2005, is a small nonprofit in the Human Services sector that reported $596K in total revenue in fiscal year 2025. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $340K, a strong 57% operating margin.

Mission

We provide unrestricted cash grants to families with children suffering from serious or life threatening illnesses to help them offset the expenses not covered by insurance.

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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 (2025)

Revenue Breakdown

Contributions & Grants $321,481
Program Service Revenue $0
Investment Income $0
Other Revenue $274,900
TOTAL REVENUE $596,381

Expense Breakdown

Grants Paid $117,500
Salaries & Benefits $46,306
Fundraising Expenses $0
Program Expenses $140,653
Other Expenses $92,873
TOTAL EXPENSES $256,679

Year-over-Year Comparison

2025 2024 Change
Revenue $596,381 $319,498 +0.9%
Expenses $256,679 $216,077 +0.2%
Net Income $339,702 $103,421 +2.3%
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
11
Independent Members
N/A
Employees
N/A
Volunteers
10

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
2
$120,000
Total Directors
12
$120,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paul S Javorina Treasurer and Board Member 20.00
Officer Director
$0 $0 $0
Kenneth Larson Board Chairman 20.00
Director
$0 $0 $0
Marci Knight Director 2.00
Director
$0 $0 $0
Jennifer Knudsen Director 2.00
Director
$0 $0 $0
Michael Larson Director 2.00
Director
$0 $0 $0
Jena Mertz Director 2.00
Director
$0 $0 $0
Mary Niemeyer Director 2.00
Director
$0 $0 $0
Ross Perko Director 2.00
Director
$0 $0 $0
Zach Schneider Director 2.00
Director
$0 $0 $0
Tim Swanson Director 2.00
Director
$0 $0 $0
Tiffany Tomasonni Director 2.00
Director
$0 $0 $0
Todd Johnson Executive Director 40.00
Officer Director Highest
$120,000 $0 $120,000
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 $596,381 $256,679 $678,972 $339,702
2024 No data No data No data No data
2023 $264,484 $203,134 $227,390 $61,350
2019 $206,886 $181,467 $106,144 $25,419
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