NORTHWOOD FOUNDATION

EIN: 411448392 501(c)(3)

DULUTH, MN

Total Revenue
$804,759
Total Expenses
$55,879
Total Assets
$23,771,331
Net Assets
$23,771,331
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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
1982
Legal Domicile
MN
Principal Officer
LARRY PAJARI
Phone
2187248815
Tax Period
2023-01-01 to 2023-12-31

NORTHWOOD FOUNDATION, founded in 1982, is a small nonprofit that reported $805K in total revenue in fiscal year 2023. The organization ran a surplus of $749K, a strong 93% operating margin.

Mission

SUPPORTING ORGANIZATION.

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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 $35,279
Program Service Revenue $0
Investment Income $769,480
Other Revenue $0
TOTAL REVENUE $804,759

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $55,879
TOTAL EXPENSES $55,879

Year-over-Year Comparison

2023 2022 Change
Revenue $804,759 $824,832 0.0%
Expenses $55,879 $55,067 +0.0%
Net Income $748,880 $769,765 0.0%
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

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

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Governance

Voting Members
11
Independent Members
10
Employees
N/A
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
1
$198,037
Total Directors
11
$198,037
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY PAJARI PRESIDENT & 1.00
Officer Director
$0 $9,393 $198,037
DR PATRICK M JOHNS DIRECTOR 1.00
Director
$0 $0 $0
REBECCA HUDOBA DIRECTOR 1.00
Director
$0 $0 $0
RYAN GERIS DIRECTOR 1.00
Director
$0 $0 $0
ERIC BERG DIRECTOR 1.00
Director
$0 $0 $0
BONNIE JORGENSON DIRECTOR 1.00
Director
$0 $0 $0
RON LAKE DIRECTOR 1.00
Director
$0 $0 $0
TONYA LOKEN DIRECTOR 1.00
Director
$0 $0 $0
TIM GOLDEN DIRECTOR 1.00
Director
$0 $0 $0
JASON VINCENT DIRECTOR 1.00
Director
$0 $0 $0
WELLS MCGIFFERT 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
2023 $804,759 $55,879 $23,771,331 $748,880
2022 $824,832 $55,067 $20,968,777 $769,765
2021 $998,622 $58,670 $24,321,773 $939,952
2020 $4,578,303 $44,028 $21,940,592 $4,534,275
2019 $489,425 $38,288 $16,114,349 $451,137
2018 $574,992 $36,380 $13,734,508 $538,612
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