True North Family Foundation

🔒

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

Legal Domicile

Phone

6128403738

Tax Period

2023-01-01 to 2023-12-31

True North Family Foundation is a small nonprofit in the Education sector that reported $214K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $491K exceeded revenue, resulting in a 129% operating deficit.

Mission

Academic scholarships to collge students. Community investment and capital projects. Stewardship and development.

Program Service Accomplishments

Program 1

Expenses: $462,489 Revenue: $209,208

Gave academic scholorarships to college students, and gave money to communities to build parks

🔒

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 $209,208

Program Service Revenue $0

Investment Income $4,674

Other Revenue $0

TOTAL REVENUE $213,882

Expense Breakdown

Grants Paid $462,489

Salaries & Benefits $0

Fundraising Expenses $4,849

Program Expenses $462,489

Other Expenses $28,093

TOTAL EXPENSES $490,582

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,882	$264,403	-0.2%
Expenses	$490,582	$341,559	+0.4%
Net Income	$-276,700	$-77,156	+2.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Slipka	President	1.00	Officer	$0	$0	$0
Megan Slipka	Vice President	1.00	Officer	$0	$0	$0
Brian Dietz	Director	1.00	Officer	$0	$0	$0
Bob Downs	Director	1.00	Officer	$0	$0	$0
Anthony Albanese	Director	1.00	Officer	$0	$0	$0
Kent Kaiser	Director	1.00	Officer	$0	$0	$0
Steven Lee	Director	1.00	Officer	$0	$0	$0
Ainsley Shea	Director	1.00	Officer	$0	$0	$0
Jason Kleinprintz	Director	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
2023	$213,882	$490,582	$370,075	$-276,700
2022	$264,403	$341,559	$646,775	$-77,156
2021	$83,850	$88,274	$723,931	$-4,424
2020	$696,319	$35,927	$728,355	$660,392