FILMNORTH (EIN 411594894) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

MARSHA TRAINER

Phone

6516441912

Tax Period

2024-01-01 to 2024-12-31

FILMNORTH, founded in 1987, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO EMPOWER ARTISTS TO TELL THEIR STORIES AND LAUNCH AND SUSTAIN SUCCESSFUL CAREERS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,922,236

Program Service Revenue $204,579

Investment Income $59,516

Other Revenue $-223,426

TOTAL REVENUE $1,962,905

Expense Breakdown

Grants Paid $1,279,172

Salaries & Benefits $279,096

Fundraising Expenses $160,667

Program Expenses $2,081,074

Other Expenses $805,679

TOTAL EXPENSES $2,418,947

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,962,905	$3,877,307	-0.5%
Expenses	$2,418,947	$1,585,932	+0.5%
Net Income	$-456,042	$2,291,375	-1.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$80,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY WILKER	PRESIDENT	2.00	Officer Director	$0	$0	$0
KELLAN ANDERSON LEE	CO-VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
REBECCA SMITH	CO-VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SAM BURNHAM	TREASURER	2.00	Officer Director	$0	$0	$0
MAY YANG	SECRETARY	2.00	Officer Director	$0	$0	$0
VALERIE DEUS	DIRECTOR	1.00	Director	$0	$0	$0
LAURA FRIES	DIRECTOR	1.00	Director	$0	$0	$0
SARA HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
ROSE LAMBERT	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY MEEK	DIRECTOR	1.00	Director	$0	$0	$0
ABDI MOHAMED	DIRECTOR	1.00	Director	$0	$0	$0
JUSTINE NAGAN	DIRECTOR	1.00	Director	$0	$0	$0
WILL PRESCOTT	DIRECTOR	1.00	Director	$0	$0	$0
BIANCA RHODES	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA TRAINER	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH WALKER	DIRECTOR	1.00	Director	$0	$0	$0
MISSY WHITEMAN	DIRECTOR	1.00	Director	$0	$0	$0
QUINN VILLAGOMEZ	DIRECTOR	1.00	Director	$0	$0	$0
AARON YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW PETERSON	EXECUTIVE DIRECTOR	40.00	Officer	$80,000	$0	$80,000

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	$1,962,905	$2,418,947	$6,116,532	$-456,042
2023	$3,877,307	$1,585,932	$4,850,642	$2,291,375
2022	$793,436	$895,911	$1,906,949	$-102,475
2021	$2,207,812	$2,259,270	$1,125,658	$-51,458
2020	$1,170,605	$714,308	$1,201,915	$456,297
2019	$559,623	$736,148	$662,635	$-176,525
2018	$1,108,501	$769,137	$1,150,022	$339,364

FILMNORTH