NORTHWOOD CHILDREN'S HOME SOCIETY INC

EIN: 410706108 501(c)(3) Human Services

DULUTH, MN

Total Revenue
$22,902,624
Total Expenses
$18,772,639
Total Assets
$32,638,273
Net Assets
$31,410,252
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
MN
Principal Officer
LARRY PAJARI
Phone
2187248815
Tax Period
2023-01-01 to 2023-12-31

NORTHWOOD CHILDREN'S HOME SOCIETY INC, founded in 1942, is a mid-sized nonprofit in the Human Services sector that reported $22.9M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 18% operating margin.

Mission

NORTHWOOD CHILDREN'S HOME SOCIETY, INC. IS A NOT-FOR-PROFIT, MULTI- SERVICE AGENCY THAT PROVIDES PROFESSIONAL CARE, EDUCATION, AND TREATMENT FOR BOYS AND GIRLS WITH EMOTIONAL, BEHAVIORAL, AND LEARNING DISABILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,055,895
Program Service Revenue $20,607,967
Investment Income $1,004,163
Other Revenue $234,599
TOTAL REVENUE $22,902,624

Expense Breakdown

Grants Paid $6,112
Salaries & Benefits $14,263,541
Fundraising Expenses $74,277
Program Expenses $16,020,122
Other Expenses $4,502,986
TOTAL EXPENSES $18,772,639

Year-over-Year Comparison

2023 2022 Change
Revenue $22,902,624 $19,076,062 +0.2%
Expenses $18,772,639 $18,387,484 +0.0%
Net Income $4,129,985 $688,578 +5.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
278
Volunteers
39

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
6
$317,063
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC BERG CHAIRPERSON 1.00
Officer Director
$0 $0 $0
WELLS MCGIFFERT VICE CHAIRPE 1.00
Officer Director
$0 $0 $0
BONNIE JORGENSON SECRETARY 1.00
Officer Director
$0 $0 $0
RON LAKE TREASURER 1.00
Officer Director
$0 $0 $0
TERRI RUBERG DIRECTOR 1.00
Director
$0 $0 $0
KRISTI SCHULTE DIRECTOR 1.00
Director
$0 $0 $0
LAURA JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
JILL KETTLESON DIRECTOR 1.00
Director
$0 $0 $0
REBECCA HUDOBA DIRECTOR 1.00
Director
$0 $0 $0
ED MARSMAN DIRECTOR 1.00
Director
$0 $0 $0
RYAN GERIS DIRECTOR 1.00
Director
$0 $0 $0
LARRY PAJARI PRESIDENT & 40.00
Officer
$188,644 $9,393 $198,037
ZACH STEINHOFF CFO 40.00
Officer
$95,345 $23,681 $119,026
JACQUELINE INGROUILLE CLINICAL DIR 40.00
Highest
$105,088 $19,403 $124,491
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 $22,902,624 $18,772,639 $32,638,273 $4,129,985
2022 $19,076,062 $18,387,484 $28,524,274 $688,578
2021 $20,157,411 $17,461,123 $28,783,632 $2,696,288
2020 $17,667,153 $21,702,141 $27,566,768 $-4,034,988
2019 $18,857,560 $16,521,462 $29,396,293 $2,336,098
2018 $17,487,708 $15,928,757 $26,526,931 $1,558,951
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