Northfield Senior Citizens Inc FiftyNorth

EIN: 411346487 501(c)(3)

Northfield, MN

Total Revenue
$1,020,248
Total Expenses
$1,175,983
Total Assets
$3,589,505
Net Assets
$3,295,614
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
MN
Principal Officer
Kathie Taranto
Phone
5076643700
Tax Period
2024-01-01 to 2024-12-31

Northfield Senior Citizens Inc FiftyNorth, founded in 1976, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 15% operating deficit.

Mission

To promote well being among area senior citizens.

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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 (2024)

Revenue Breakdown

Contributions & Grants $524,552
Program Service Revenue $131,925
Investment Income $65,904
Other Revenue $297,867
TOTAL REVENUE $1,020,248

Expense Breakdown

Grants Paid $0
Salaries & Benefits $580,890
Fundraising Expenses $18,173
Program Expenses $932,495
Other Expenses $595,093
TOTAL EXPENSES $1,175,983

Year-over-Year Comparison

2024 2023 Change
Revenue $1,020,248 $1,176,993 -0.1%
Expenses $1,175,983 $1,118,735 +0.1%
Net Income $-155,735 $58,258 -3.7%
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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Governance

Voting Members
13
Independent Members
13
Employees
16
Volunteers
170

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
5
$84,113
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kerry Hjelmgren Executive Dir. 40.00
Officer
$84,113 $0 $84,113
George Brophy Sec/Treas 4.00
Officer Director
$0 $0 $0
Pat Jorstad Past Chair 4.00
Officer Director
$0 $0 $0
Susan Oftedahl Vice Chair 4.00
Officer Director
$0 $0 $0
Kathie Taranto Chair 4.00
Officer Director
$0 $0 $0
Kay Brown Director 1.00
Director
$0 $0 $0
Vicki Celander Director 1.00
Director
$0 $0 $0
Richard DeBeau Director 1.00
Director
$0 $0 $0
John Dedzej Director 1.00
Director
$0 $0 $0
Carla Johnson Director 1.00
Director
$0 $0 $0
Gerald Johnson Director 1.00
Director
$0 $0 $0
Leif Knecht Director 1.00
Director
$0 $0 $0
Naurine Lennox Director 1.00
Director
$0 $0 $0
Charles Skinner Director 1.00
Director
$0 $0 $0
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
2024 $1,020,248 $1,175,983 $3,589,505 $-155,735
2023 $1,176,993 $1,118,735 $3,555,394 $58,258
2022 $979,065 $1,047,181 $3,029,350 $-68,116
2021 $1,132,597 $855,207 $3,479,757 $277,390
2020 $1,031,452 $865,759 $3,087,126 $165,693
2019 $1,130,936 $906,876 $2,803,710 $224,060
2018 $1,620,187 $868,235 $2,454,910 $751,952
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