NORTHWEST PASSAGE LTD (EIN 391311448) - 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

1978

Legal Domicile

Principal Officer

MARK ELLIOTT

Phone

7153274402

Tax Period

2024-01-01 to 2024-12-31

NORTHWEST PASSAGE LTD, founded in 1978, is a mid-sized nonprofit in the Mental Health sector that reported $17.5M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $16.7M left a modest 5% surplus.

Mission

THE AGENCY PROVIDES RESIDENTIAL, COMMUNITY ASSESSMENT, AND TREATMENT OF INDIVIDUALS WITH MENTAL HEALTH NEEDS.

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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 $297,724

Program Service Revenue $16,843,287

Investment Income $66,144

Other Revenue $277,063

TOTAL REVENUE $17,484,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,972,614

Fundraising Expenses $0

Program Expenses $15,163,606

Other Expenses $4,698,560

TOTAL EXPENSES $16,671,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,484,218	$14,710,293	+0.2%
Expenses	$16,671,174	$14,825,275	+0.1%
Net Income	$813,044	$-114,982	-8.1%

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

Governance

Voting Members

Independent Members

Employees

288

Volunteers

N/A

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

$345,999

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY LARSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE MOELLER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN SCHAFFER	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH KUTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
BLUETTE PUCHNER	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY HIBBS	PRESIDENT	1.50	Officer	$0	$0	$0
MARTIN DIKKERS	VICE PRESIDENT	1.50	Officer	$0	$0	$0
MARK ELLIOTT	EXECUTIVE DIRECTOR	40.00	Officer	$174,111	$0	$174,111
JOHN JACOBS	CHIEF FINANCIAL OFFICER	40.00	Officer	$171,888	$0	$171,888
DAVID AMMEND	MEDICAL DIRECTOR	40.00	Highest	$108,915	$0	$108,915
AMANDA LUNDQUIST	PROGRAM DIRECTOR	40.00	Highest	$102,011	$0	$102,011
ELLEN RACE	DIR OF RESIDENTIAL SERVICES	40.00	Highest	$125,724	$0	$125,724
SAMANTHA HUGES	FAMILY NURSE PRACTIONER	40.00	Highest	$119,489	$0	$119,489

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	$17,484,218	$16,671,174	$9,212,101	$813,044
2023	$14,710,293	$14,825,275	$8,041,181	$-114,982
2022	$13,621,066	$13,565,707	$8,447,239	$55,359
2021	$12,387,933	$12,674,818	$8,068,640	$-286,885
2020	$13,648,698	$12,174,765	$8,560,756	$1,473,933
2019	$11,956,633	$11,456,122	$6,868,867	$500,511
2018	$10,706,165	$10,474,600	$5,938,424	$231,565

NORTHWEST PASSAGE LTD