NORTHLAND DEVELOPMENT CORPORATION (EIN 431679145) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

KEVIN PRATT

Phone

8166283343

Tax Period

2023-10-01 to 2024-09-30

NORTHLAND DEVELOPMENT CORPORATION, founded in 1994, is a micro nonprofit that reported $57K in total revenue in fiscal year 2023. Revenue surged 439% from the prior year, signaling strong growth momentum. Net assets of $1.3M represent 272 months of operating reserves.

Mission

DEVELOP LOTS FOR ECONOMIC DEVELOPMENT

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $55,709

Program Service Revenue $0

Investment Income $1,000

Other Revenue $750

TOTAL REVENUE $57,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,707

Other Expenses $60,707

TOTAL EXPENSES $60,707

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,459	$10,667	+4.4%
Expenses	$60,707	$70,953	-0.1%
Net Income	$-3,248	$-60,286	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY BARGER	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVE HINCK	DIRECTOR	1.00	Director	$0	$0	$0
JOE WILMES	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN PRATT	PRESIDENT	2.00	Officer Director	$0	$0	$0
EMILY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JARED WOLTERS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MIKE MAHER	TREASURER	2.00	Officer Director	$0	$0	$0
ADAM LYNGAR	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN FREEMAN	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$57,459	$60,707	$1,903,693	$-3,248
2023	$10,667	$70,953	$1,906,941	$-60,286
2022	$66,850	$75,509	$2,141,082	$-8,659
2021	$108,910	$70,651	$1,374,741	$38,259
2020	$91,650	$73,582	$1,336,482	$18,068
2019	$120,457	$80,321	$1,318,414	$40,136

NORTHLAND DEVELOPMENT CORPORATION