NORTHLAND TERRACE ESTATES 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

1985

Legal Domicile

Principal Officer

DARRELL LANCOUR

Phone

7157320155

Tax Period

2023-01-01 to 2023-12-31

NORTHLAND TERRACE ESTATES INC, founded in 1985, is a small nonprofit that reported $903K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $832K left a modest 8% surplus.

Mission

PROVIDES AFFORDABLE LIVING FOR INDEPENDENT ELDERLY ADULTS THAT IS PART OF THE ENTIRE COMMUNITY OF CARE OFFERED BY NORTHLAND LUTHERAN RETIREMENT COMMUNITY INC.

Program Service Accomplishments

Program 1

Expenses: $775,223 Revenue: $867,572

SERVED ELDERLY INDIVIDUALS BY PROVIDING HOUSING ARRANGEMENTS INCLUDING ONE AND TWO BEDROOM APARTMENTS AND SINGLE FAMILY HOMES IN ORDER TO HELP MAINTAIN AN INDEPENDENT LIVING STYLE. APARTMENT COMPLEX HAS AN ONSITE BEAUTY SHOP. SHOULD THE NEED ARISE, RESIDENTS ARE GIVEN PREFERENTIAL TREATMENT FOR ADMISSION TO EITHER AN ASSISTED LIVING FACILITY OR SKILLED NURSING FACILITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $867,572

Investment Income $18,008

Other Revenue $17,547

TOTAL REVENUE $903,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $775,223

Other Expenses $832,314

TOTAL EXPENSES $832,314

Year-over-Year Comparison

	2023	2022	Change
Revenue	$903,127	$823,398	+0.1%
Expenses	$832,314	$692,298	+0.2%
Net Income	$70,813	$131,100	-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

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

$122,565

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES PORRAS	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
MARILYN GALINEAU	SECRETARY	0.50	Officer Director	$0	$0	$0
CINDY NIEMINSKI	TREASURER	0.50	Officer Director	$0	$0	$0
DARRELL LANCOUR	CEO	1.00	Officer	$0	$13,105	$122,565

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	No data	No data	No data	No data
2023	$903,127	$832,314	$4,512,189	$70,813
2022	$823,398	$692,298	$4,501,982	$131,100
2021	$788,526	$718,463	$4,245,670	$70,063
2020	$745,280	$714,466	$4,163,276	$30,814