NORTHERN LIGHTS HEALTH CARE PARTNERSHIP (EIN 462500951) - 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

2013

Legal Domicile

Principal Officer

KATHERINE RACE

Phone

3157143135

Tax Period

2023-01-01 to 2023-12-31

NORTHERN LIGHTS HEALTH CARE PARTNERSHIP, founded in 2013, is a community nonprofit in the Health Care sector that reported $3.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $3.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE NORTH COUNTRY FAMILIES WITH RELIABLE, SKILLED AND COORDINATED HOME HEALTH CARE SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $84,722

Program Service Revenue $2,880,195

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,964,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,519,877

Fundraising Expenses $0

Program Expenses $2,794,317

Other Expenses $873,119

TOTAL EXPENSES $3,392,996

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,964,917	$2,604,809	+0.1%
Expenses	$3,392,996	$3,156,237	+0.1%
Net Income	$-428,079	$-551,428	-0.2%

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

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

$421,492

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD JACOBS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TODD AMO	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
KATHRYN MULLANEY	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVE FERRIS	DIRECTOR	1.00	Director	$0	$0	$0
MARTI MACARTHUR	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE BRISTOL	DIRECTOR OF PATIENT SERVICE	50.00	Officer	$0	$8,418	$130,881
KELLY LOWERY	VP OF FINANCE	50.00	Officer	$0	$18,474	$162,314
KATHERINE RACE	ADMINISTRATOR	50.00	Officer	$0	$10,155	$128,297

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	No data	No data	No data	No data
2023	$2,964,917	$3,392,996	$591,848	$-428,079
2022	$2,604,809	$3,156,237	$844,918	$-551,428
2021	$3,427,567	$3,193,938	$1,337,175	$233,629
2020	$3,497,814	$2,868,911	$1,123,672	$628,903
2019	$3,132,362	$2,650,865	$639,785	$481,497
2018	$2,516,354	$2,700,092	$687,915	$-183,738

NORTHERN LIGHTS HEALTH CARE PARTNERSHIP