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 NORTHEASTERN MINNESOTA PEOPLE AND COMMUNITIES WORKING TOWARD A FUTURE WHERE EVERYONE FEELS THEY BELONG AND CAN THRIVE.
THE GRANT PROGRAM PROVIDES FINANCIAL AND TECHNICAL RESOURCES TO TAX-EXEMPT NONPROFITS AND PUBLIC ENTITIES WITHIN THE NORTHEAST MINNESOTA REGION. OUR PRIORITY AREAS ARE: 1) CHILDREN, YOUTH AND...
THE GRANT PROGRAM PROVIDES FINANCIAL AND TECHNICAL RESOURCES TO TAX-EXEMPT NONPROFITS AND PUBLIC ENTITIES WITHIN THE NORTHEAST MINNESOTA REGION. OUR PRIORITY AREAS ARE: 1) CHILDREN, YOUTH AND FAMILIES; 2) INDIVIDUAL AND COMMUNITY WELLBEING; AND 3) MAADA'OOKIING, TO SUPPORT GRASSROOTS EFFORTS TO STRENGTHEN INDIGENOUS COMMUNITIES. THE NORTHLAND FOUNDATION ALSO ACTS AS AN INTERMEDIARY GRANTOR WHERE MISSION AND PRIORITIES ALIGN. IN FISCAL YEAR 2025, NORTHLAND AWARDED 203 GRANTS TOTALING $5.3 MILLION AND DISTRIBUTED $359 THOUSAND IN MINNESOTA EARLY LEARNING SCHOLARSHIPS ON BEHALF OF THE STATE.
THE FOUNDATION'S PROGRAMS FOCUS ON IMPROVING THE WELL-BEING OF CHILDREN AND YOUTH FROM BIRTH TO ADULTHOOD. PROGRAMS PROVIDE: 1) EARLY CHILDHOOD EFFORTS ENCOMPASSING EARLY CARE AND EDUCATION...
THE FOUNDATION'S PROGRAMS FOCUS ON IMPROVING THE WELL-BEING OF CHILDREN AND YOUTH FROM BIRTH TO ADULTHOOD. PROGRAMS PROVIDE: 1) EARLY CHILDHOOD EFFORTS ENCOMPASSING EARLY CARE AND EDUCATION, INFANT/EARLY CHILDHOOD MENTAL HEALTH, EARLY LEARNING SCHOLARSHIP OUTREACH, AND INCREASED ACCESS TO HIGH-QUALITY CHILD CARE; 2) YOUTH PROGRAMS INCLUDING LEADERSHIP DEVELOPMENT AND PHILANTHROPY ENGAGEMENT; AND 3) INTERGENERATIONAL PROGRAMS CONNECTING YOUNG PEOPLE WITH ADULTS 55+. IN FISCAL YEAR 2025, PROGRAMS ENGAGED 1,358 PEOPLE IN 58 TRAININGS AND CONVENINGS, SUPPORTED 134 CHILD CARE PROVIDERS AND 940 CHILDREN THROUGH EARLY LEARNING SCHOLARSHIPS ADMINISTRATION; AND ENGAGED PEOPLE OF ALL AGES IN THE REGION.
THE BUSINESS SERVICES PROGRAM OFFERS TECHNICAL ASSISTANCE AND FLEXIBLE FINANCING TO ASSIST WITH BUSINESS START-UP AND EXPANSION WITHIN OUR 7-COUNTY REGION, IN ORDER TO BOLSTER THE REGIONAL ECONOMY...
THE BUSINESS SERVICES PROGRAM OFFERS TECHNICAL ASSISTANCE AND FLEXIBLE FINANCING TO ASSIST WITH BUSINESS START-UP AND EXPANSION WITHIN OUR 7-COUNTY REGION, IN ORDER TO BOLSTER THE REGIONAL ECONOMY AND PROMOTE JOB CREATION - CRITICAL COMPONENTS OF THRIVING COMMUNITIES. FINANCING IS OFTEN IN THE FORM OF GAP LENDING MADE IN PARTNERSHIP WITH BANKS OR OTHER DEVELOPMENT LENDERS. BORROWERS MAY BE FOR-PROFIT OR NONPROFIT ENTITIES. IN FISCAL YEAR 2025, NORTHLAND CLOSED 17 LOANS TOTALING $3 MILLION WHICH HELPED CREATE LEVERAGE OF $21.6 MILLION IN OTHER INVESTMENTS. NORTHLAND FOUNDATION HOSTS THE REGIONAL SMALL BUSINESS DEVELOPMENT CENTER (SBDC). THE SBDC'S MISSION IS TO "HELP ENTREPRENEURS AND BUSINESSES GROW AND SUCCEED" BY PROVIDING TECHNICAL ASSISTANCE AND ONE-ON-ONE CONSULTING SERVICES TO SMALL AND MEDIUM SIZED BUSINESSES AT NO COST TO THE CLIENT. THE REGIONAL CENTER IS LOCATED IN DULUTH; THERE ARE ALSO FIVE OTHER SATELLITE OFFICES SPREAD ACROSS THE REGION. THE REGIONAL FOOTPRINT OF THE SBDC MATCHES THE NORTHLAND FOUNDATION FOOTPRINT.
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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