NORTHSTAR EDUCATION FINANCE INC

EIN: 411961427 501(c)(3) Education

EDEN PRAIRIE, MN

Total Revenue
$68,106,847
Total Expenses
$66,966,127
Total Assets
$825,640,988
Net Assets
$159,462,665
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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
2000
Legal Domicile
DE
Principal Officer
TAIGE P THORNTON
Phone
6122397131
Tax Period
2023-10-01 to 2024-09-30

NORTHSTAR EDUCATION FINANCE INC, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $68.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Net assets of $159.5M represent 28 months of operating reserves.

Mission

TO FOSTER, AID, ENCOURAGE AND ASSIST THE PURSUIT OF HIGHER EDUCATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $62,966,962
Investment Income $5,139,885
Other Revenue $0
TOTAL REVENUE $68,106,847

Expense Breakdown

Grants Paid $4,299,546
Salaries & Benefits $371,126
Fundraising Expenses $0
Program Expenses $63,842,293
Other Expenses $62,295,455
TOTAL EXPENSES $66,966,127

Year-over-Year Comparison

2023 2022 Change
Revenue $68,106,847 $72,587,293 -0.1%
Expenses $66,966,127 $74,896,134 -0.1%
Net Income $1,140,720 $-2,308,841 -1.5%
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

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Governance

Voting Members
7
Independent Members
5
Employees
N/A
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
5
$226,982
Total Directors
8
$272,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAIGE THORNTON PRESIDENT 15.00
Officer Director
$100,000 $0 $100,000
JOHN EMERICK CHAIR 1.00
Officer Director
$37,500 $0 $37,500
CLYDE NELSON DIRECTOR 1.00
Director
$27,500 $0 $27,500
MARY ROTHCHILD BOARD MEMBER 1.00
Director
$27,500 $0 $27,500
RICHARD HARRIS DIRECTOR 1.00
Director
$27,500 $0 $27,500
ELIZABETH ANNE CARRIER DORAN DIRECTOR (RETIRED) 12/2023 1.00
Director
$18,500 $0 $18,500
RICHARD NIGON DIRECTOR 1.00
Director
$17,750 $0 $17,750
DAVID REILING DIRECTOR 1.00
Director
$16,250 $0 $16,250
CHARLES OSBORNE CHIEF FINANCIAL OFFICER & TREASURER 15.00
Officer
$89,482 $0 $89,482
SARAH DUNIWAY SECRETARY 1.00
Officer
$0 $0 $0
GREG LARSON SECRETARY 1.00
Officer
$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
2025 No data No data No data No data
2024 $68,106,847 $66,966,127 $825,640,988 $1,140,720
2023 $72,587,293 $74,896,134 $1,017,887,615 $-2,308,841
2022 $40,177,777 $46,030,875 $1,293,468,719 $-5,853,098
2021 $37,569,277 $40,312,776 $1,589,111,391 $-2,743,499
2020 $62,829,137 $61,619,712 $1,832,708,530 $1,209,425
2019 $92,237,647 $96,882,154 $2,126,920,671 $-4,644,507
2018 $82,834,795 $89,169,131 $2,465,068,153 $-6,334,336
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