NORTHLAND FOUNDATION INC

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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

1980

Legal Domicile

Principal Officer

DARRELL LANCOUR

Phone

7157320155

Tax Period

2024-01-01 to 2024-12-31

NORTHLAND FOUNDATION INC, founded in 1980, is a micro nonprofit in the Health Care sector that reported $24K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $8K, a strong 33% operating margin.

Mission

PROVIDE FUNDING TO SUPPORT THE NEEDS OF THE FAMILY OF MINISTRIES OF NORTHLAND LUTHERAN RETIREMENT COMMUNITY, INC., WHEN THOSE NEEDS CANNOT BE MET BY NORMAL OPERATION INCOME.

Program Service Accomplishments

Program 1

Expenses: $7,559 Revenue: $0

PROVIDED FUNDING TO RELATED ORGANIZATIONS FOR CAPITAL PURCHASES.

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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 $371

Program Service Revenue $0

Investment Income $23,863

Other Revenue $28

TOTAL REVENUE $24,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,559

Other Expenses $16,352

TOTAL EXPENSES $16,352

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,262	$32,915	-0.3%
Expenses	$16,352	$41,772	-0.6%
Net Income	$7,910	$-8,857	-1.9%

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

$139,679

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN KOLSTAD	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
ARTHUR LEWIS	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
JAMES PORRAS	SECRETARY	0.50	Director	$0	$0	$0
DARRELL LANCOUR	CEO	10.00	Officer	$0	$23,333	$139,679

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	$24,262	$16,352	$1,078,551	$7,910
2023	$32,915	$41,772	$1,028,992	$-8,857
2022	$22,200	$23,200	$1,022,403	$-1,000
2021	$11,967	$31,565	$1,172,273	$-19,598
2020	$13,793	$26,309	$1,097,820	$-12,516