NORTHWESTERN COLLEGE (EIN 420698196) - 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

1883

Legal Domicile

Phone

7127077121

Tax Period

2024-07-01 to 2025-06-30

NORTHWESTERN COLLEGE, founded in 1883, is a mid-sized nonprofit in the Education sector that reported $74.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $63.5M left a modest 15% surplus.

Mission

Institution of Higher Education providing postsecondary educational services, including both graduate and undergraduate programs.

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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 $8,582,733

Program Service Revenue $55,062,780

Investment Income $9,310,982

Other Revenue $1,484,066

TOTAL REVENUE $74,440,561

Expense Breakdown

Grants Paid $22,867,028

Salaries & Benefits $22,858,185

Fundraising Expenses $2,070,336

Program Expenses $55,004,242

Other Expenses $17,318,149

TOTAL EXPENSES $63,470,660

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,440,561	$67,224,017	+0.1%
Expenses	$63,470,660	$59,657,302	+0.1%
Net Income	$10,969,901	$7,566,715	+0.4%

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

1322

Volunteers

120

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

$505,804

Total Directors

$64,111

Key Employees

$161,896

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gregory Christy	President	40	Officer	$351,434	$0	$351,434
D Nathan Phinney	VP of Academic Affairs	40	Key Emp	$161,896	$0	$161,896
Kent Wiersema	VP of Finance and Operations	40	Officer	$154,370	$0	$154,370
Jill Van Otterloo	PA Program Director	40	Highest	$134,916	$0	$134,916
Kyle Van Den Bosch	Highly Compensated Employee	40	Highest	$117,778	$0	$117,778
Tony Hoops	Vice President of Athletics	40	Highest	$111,648	$0	$111,648
Jackie A Davis	Vice President of Advancement	40	Highest	$104,921	$0	$104,921
Jay Wielenga	Senior Advancement Officer	40	Highest	$103,147	$0	$103,147
Kristin M Rotert	Highly Compensated Employee	40		$102,103	$0	$102,103
Michael Andres	Faculty Representative	40	Director	$64,111	$0	$64,111
Brad De Jong - ex officio	Legal Counsel	2	Director	$0	$0	$0
Anita Bomgaars	Board Member	1	Director	$0	$0	$0
Rev Timothy Breen	Board Member	2.0	Director	$0	$0	$0
Wayne Van Heuvelen	Board Member	1	Director	$0	$0	$0
Mark Van Holland	Board Member	2.0	Director	$0	$0	$0
Eddy Aleman	Board Member	1	Director	$0	$0	$0
Dave Dunkelberger	Board Member	1	Director	$0	$0	$0
Darren Kleis	Board Member	1	Director	$0	$0	$0
Sean Nathaniel	Board Member	2	Director	$0	$0	$0
Kim TenHaken	Board Member	1	Director	$0	$0	$0
Amy Van Es	Board Member	1	Director	$0	$0	$0
Sherrie Barber Willson	Board Member	2.0	Director	$0	$0	$0
Leah Dykstra	Board Member	1	Director	$0	$0	$0
Wade Gort	Board Member	1	Director	$0	$0	$0
Greg Jenness	Board Member	1	Director	$0	$0	$0
Gerald Van Roekel	Board Member	1	Director	$0	$0	$0
Darla Arends	Board Member	1	Director	$0	$0	$0
Brad Eckhoff	Board Member	1	Director	$0	$0	$0
Ronald Langston	Board Member	1	Director	$0	$0	$0
Mike Van Rees	Board Member	1	Director	$0	$0	$0
Drew Vogel	Board Member	2	Director	$0	$0	$0
Fred De Jong	Board Member	1	Director	$0	$0	$0
Brian Den Hartog	Board Member	1	Director	$0	$0	$0
Matthew Fryar	Board Member	1	Director	$0	$0	$0
Dawn Feenstra	Board Member	1	Director	$0	$0	$0
Julie Henrich	Board Member, Secretary	3.0	Officer	$0	$0	$0
Carl Wynja	Board Member. Chairman	3.0	Officer	$0	$0	$0
Bill Westrate	Board Member, Vice Chairman	3.0	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	$74,440,561	$63,470,660	$198,722,202	$10,969,901
2024	$67,224,017	$59,657,302	$187,961,963	$7,566,715
2023	$63,859,698	$58,223,804	$175,397,906	$5,635,894
2022	$62,659,253	$54,435,856	$166,025,819	$8,223,397
2021	$63,591,028	$50,860,519	$171,626,178	$12,730,509
2020	$51,377,778	$50,193,656	$150,007,512	$1,184,122
2019	$52,389,486	$48,134,563	$148,670,180	$4,254,923
2018	$48,273,773	$47,085,959	$150,129,045	$1,187,814

NORTHWESTERN COLLEGE