NORTH HOMES INC (EIN 411682025) - 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

1990

Legal Domicile

Principal Officer

JAMES CHRISTMAS

Phone

2183273055

Tax Period

2023-01-01 to 2023-12-31

NORTH HOMES INC, founded in 1990, is a mid-sized nonprofit in the Human Services sector that reported $23.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE A CONTINUUM OF HIGHEST QUALITY COMPREHENSIVE CARE AND PREVENTIONS SERVICES FOR AT-RISK YOUTH AND FAMILIES IN THE COMMUNITIES WE SERVE

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,980,139

Program Service Revenue $19,268,926

Investment Income $62,844

Other Revenue $356,966

TOTAL REVENUE $23,668,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,867,011

Fundraising Expenses $0

Program Expenses $21,233,988

Other Expenses $6,125,265

TOTAL EXPENSES $24,992,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,668,875	$21,286,091	+0.1%
Expenses	$24,992,276	$22,065,362	+0.1%
Net Income	$-1,323,401	$-779,271	+0.7%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

423

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

$870,763

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON FRIMANSLUND	CHAIR	1.00	Director	$0	$0	$0
CHARLETE ALTO	VICE-CHAIR	1.00	Director	$0	$0	$0
CHRIS LYNCH	TREASURER	1.00	Director	$0	$0	$0
PAT RENDLE	SECRETARY	1.00	Director	$0	$0	$0
KELLY KIRWIN	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD CHRISTENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH MURPHY	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES CHRISTMAS	PRESIDENT	40.00	Officer	$265,655	$14,739	$280,394
ROCHELLE DELGRECO	COO	40.00	Officer	$175,683	$16,750	$192,433
LUARIE MEYER	COMPLIANCE O	40.00	Officer	$122,544	$4,104	$126,648
KIMBERLY ANDERSON	REGIONAL OFF	40.00	Officer	$116,890	$10,517	$127,407
ASHLI GLORVIGEN	CFO	40.00	Officer	$124,615	$19,266	$143,881
CONNIE HENDERSHOTT	HCE	40.00	Highest	$135,858	$4,751	$140,609
RICHARD FAVER	HCE	40.00	Highest	$126,040	$11,980	$138,020
KATIE RUBESH	HCE	40.00	Highest	$122,122	$4,152	$126,274
THERESA RAFINSKI	HCE	40.00	Highest	$111,413	$6,055	$117,468
SUZETTE MALLUM	HCE	40.00	Highest	$107,869	$23,261	$131,130

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	$23,668,875	$24,992,276	$19,191,782	$-1,323,401
2023	$19,897,520	$23,533,864	$16,948,366	$-3,636,344
2022	$19,946,616	$20,046,566	$20,937,812	$-99,950
2022	$21,286,091	$22,065,362	$19,843,889	$-779,271
2021	$20,438,205	$17,659,302	$21,495,147	$2,778,903
2020	$18,697,185	$17,447,264	$19,157,749	$1,249,921
2019	$19,072,995	$19,496,429	$14,681,475	$-423,434
2018	$18,181,049	$17,615,212	$14,961,697	$565,837

NORTH HOMES INC