NORTH HOUSE FOLK SCHOOL (EIN 411878887) - 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

1997

Legal Domicile

Principal Officer

CAROL WINTER

Phone

2183879762

Tax Period

2024-01-01 to 2024-12-31

NORTH HOUSE FOLK SCHOOL, founded in 1997, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $1.0M, a strong 28% operating margin.

Mission

TO ENRICH LIVES AND BUILD COMMUNITY BY TEACHING TRADITIONAL NORTHERN CRAFTS IN A STUDENT-CENTERED LEARNING ENVIRONMENT THAT INSPIRES THE HANDS, HEART AND MIND.

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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 $2,369,476

Program Service Revenue $996,883

Investment Income $151,345

Other Revenue $205,298

TOTAL REVENUE $3,723,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $984,513

Fundraising Expenses $225,481

Program Expenses $1,893,791

Other Expenses $1,707,584

TOTAL EXPENSES $2,692,097

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,723,002	$4,355,039	-0.1%
Expenses	$2,692,097	$2,452,401	+0.1%
Net Income	$1,030,905	$1,902,638	-0.5%

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

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

$107,314

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG WRIGHT	EXECUTIVE DI	40.00	Officer	$92,314	$15,000	$107,314
JANE ALEXANDER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JARROD DAHL	BOARD	1.00	Director	$0	$0	$0
ROBERT DESCHAMPE	BOARD	1.00	Director	$0	$0	$0
CANDACE GISLASON	BOARD	1.00	Director	$0	$0	$0
AMY HUBBARD	BOARD	1.00	Director	$0	$0	$0
GREG KOSCHINSKA	TREASURER	1.00	Officer Director	$0	$0	$0
REID LINDQUIST	BOARD	1.00	Director	$0	$0	$0
ANTON MOODY	BOARD	1.00	Director	$0	$0	$0
PHIL OSWALD	SECRETARY	1.00	Officer Director	$0	$0	$0
SARA PHILLIPS	BOARD	1.00	Director	$0	$0	$0
JOHN SCHOENHERR	BOARD	1.00	Director	$0	$0	$0
STEPHEN SKEELS	BOARD	1.00	Director	$0	$0	$0
CLAIR STODDARD	BOARD	1.00	Director	$0	$0	$0
KARI WENGER	BOARD	1.00	Director	$0	$0	$0
CAROL WINTER	PRESIDENT	1.00	Officer 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	$3,723,002	$2,692,097	$9,452,642	$1,030,905
2023	$4,355,039	$2,452,401	$8,243,237	$1,902,638
2022	$2,952,504	$2,235,472	$6,282,572	$717,032
2021	$2,869,523	$1,858,011	$5,818,844	$1,011,512
2020	$1,897,141	$1,471,428	$4,774,502	$425,713
2019	$2,035,206	$1,990,115	$4,172,807	$45,091
2018	$2,302,018	$1,686,536	$4,159,406	$615,482

NORTH HOUSE FOLK SCHOOL