TRUENORTH COMMUNITY SERVICES (EIN 386158533) - 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

1972

Legal Domicile

Principal Officer

BEVERLY CASSIDY

Phone

2319240641

Tax Period

2024-01-01 to 2024-12-31

TRUENORTH COMMUNITY SERVICES, founded in 1972, is a mid-sized nonprofit in the Human Services sector that reported $23.8M in total revenue in fiscal year 2024.

Mission

TRUENORTH COMMUNITY SERVICES EMPOWER PEOPLE AND STRENGHTEN COMMUNITY TO INSPIRE HOPE AND BUILD A BRIGHTER FUTURE. OUR VISION: TRUENORTH COMMUNITY SERVICES ENVISION A WORLD WHERE ALL PEOPLE HAVE THE OPPORTUNITY TO CREATE PERMANENT POSITIVE CHANGE. TRUENORTH BELIEVES EVERYONE SHOULD HAVE A VOICE, NUTRITIOUS FOOD, A HEALTHY ENVIRONMENT, A PLACE TO CALL HOME, QUALITY EDUCATION, EMPLOYMENT THAT SUPPORTS A LIVING WAGE, SERVICE TO BUILD RESILIENT YOUTH, ENGAGEGED CITIZENS AND THE OPPORTUNITY TO EXPERIENCE CULTURAL ARTS. TRUENORTH'S FOUR CORE COMPETENCIES INCLUDE ENSURING YOUTH THRIVE, ADDRESSING RURAL POVERTY, BUILDING VIBRANT COMMUNITIES, AND PROVIDING INNOVATIVE NONPROFIT LEADERHIP.

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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 (2024)

Revenue Breakdown

Contributions & Grants $22,341,351

Program Service Revenue $1,309,000

Investment Income $50,998

Other Revenue $79,597

TOTAL REVENUE $23,780,946

Expense Breakdown

Grants Paid $15,669,907

Salaries & Benefits $6,630,993

Fundraising Expenses $256,829

Program Expenses $21,967,994

Other Expenses $1,331,823

TOTAL EXPENSES $23,632,723

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,780,946	$23,601,172	+0.0%
Expenses	$23,632,723	$23,862,471	0.0%
Net Income	$148,223	$-261,299	-1.6%

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

265

Volunteers

1112

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

$431,076

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE VANDENBERG	VICE CHAIR	2.50	Officer Director	$0	$0	$0
GENE FORD	CHAIR	2.50	Officer Director	$0	$0	$0
JIM MERKEL	CO-TREASURER	5.00	Officer Director	$0	$0	$0
JULIE BERWALD	SECRETARY	1.00	Officer Director	$0	$0	$0
KATE SCARBROUGH-KESTELOOT	DIRECTOR	5.00	Director	$0	$0	$0
KELLY WAGENMAKER	CO-TREASURER	1.00	Officer Director	$0	$0	$0
JANE NEWTON	DIRECTOR	1.00	Director	$0	$0	$0
LARRY YACHCIK	DIRECTOR	1.00	Director	$0	$0	$0
LORA KRUEGER	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH HARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
CARMEN FAULKNER	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY CASSIDY	CHIEF EXECUTIVE OFFICER/ P	40.00	Officer	$181,668	$25,919	$207,587
PEGGY MATHIS	CHIEF PROGRAM OFFICER	40.00	Officer	$113,558	$11,177	$124,735
ALESHIA CRAMBLET	FINANCE DIRECTOR	40.00	Officer	$83,392	$15,362	$98,754

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	$23,780,946	$23,632,723	$15,821,799	$148,223
2023	$23,601,172	$23,862,471	$17,217,669	$-261,299
2022	$27,916,194	$26,263,284	$20,877,617	$1,652,910
2021	$27,510,681	$26,340,330	$15,952,024	$1,170,351
2020	$21,419,624	$20,781,327	$15,829,023	$638,297
2019	$16,329,262	$19,595,777	$12,567,608	$-3,266,515
2018	$31,161,247	$30,337,102	$13,304,127	$824,145

TRUENORTH COMMUNITY SERVICES