DULUTH, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORTHLAND FOUNDATION, founded in 1986, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $14.0M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $2.6M, a strong 19% operating margin.
THE NORTHLAND FOUNDATION SUPPORTS NORTHEAST MINNESOTA PEOPLE AND COMMUNITIES WORKING TOWARD A FUTURE WHERE EVERYONE FEELS THEY BELONG AND CAN THRIVE. THE FOUNDATION ADDRESSES ITS MISSION THROUGH GRANTS, LOANS, PROGRAMMING, AND SPECIAL INITIATIVES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $14,042,992 | $16,195,946 | -0.1% |
| Expenses | $11,406,033 | $16,956,916 | -0.3% |
| Net Income | $2,636,959 | $-760,970 | -4.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAMIE ADAMS | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| BENJAMIN BENOIT | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| ELENA FOSHAY | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| ASHLEY HALL | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| TIA MARIE | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| SUMAIR SHEIKH | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| DARREN SHELDON | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| KRISTEN VAKE | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| PETER MCDERMOTT | CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY HARRELSON | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROY SMITH | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CINDY ANDERSON BINA | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTHONY SERTICH | PRESIDENT | 55.00 |
Officer
|
$214,991 | $32,214 | $247,205 |
| HEATHER BROUSE | CHIEF FINANCIAL OFFICER | 50.00 |
Officer
|
$135,321 | $40,868 | $176,189 |
| ZANE BAIL | CHIEF OPERATING OFFICER | 50.00 |
Key Emp
|
$154,870 | $26,089 | $180,959 |
| MICHAEL COLCLOUGH | BUSINESS FINANCE DIRECTOR | 45.00 |
Highest
|
$125,278 | $46,228 | $171,506 |
| VICKI HAGBERG | SBDC REGIONAL DIRECTOR | 55.00 |
Highest
|
$113,156 | $14,824 | $127,980 |
| MICHELLE UFFORD | DIRECTOR OF GRANTMAKING | 40.00 |
Highest
|
$125,539 | $6,023 | $131,562 |
| CURT WALCZAK | ASSOCIATE DIRECTOR | 45.00 |
Highest
|
$112,113 | $25,090 | $137,203 |
| JEANINE DAHL | COMMUNICATIONS DIRECTOR | 45.00 |
Highest
|
$100,285 | $27,481 | $127,766 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $14,042,992 | $11,406,033 | $124,680,871 | $2,636,959 |
| 2024 | $16,195,946 | $16,956,916 | $119,701,176 | $-760,970 |
| 2023 | $11,684,631 | $11,246,207 | $115,113,281 | $438,424 |
| 2022 | $27,913,272 | $12,225,025 | $110,895,270 | $15,688,247 |
| 2021 | $27,712,007 | $13,423,865 | $122,061,030 | $14,288,142 |
| 2020 | $16,414,612 | $9,357,440 | $95,143,879 | $7,057,172 |
| 2019 | $4,374,925 | $8,346,665 | $87,209,560 | $-3,971,740 |
| 2018 | $16,993,895 | $9,568,283 | $87,351,872 | $7,425,612 |
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