NORTHERN LIGHTS INCORPORATED (EIN 820150010) - 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

1935

Legal Domicile

Principal Officer

Annie Terracciano

Phone

2082635141

Tax Period

2025-01-01 to 2025-12-31

NORTHERN LIGHTS INCORPORATED, founded in 1935, is a mid-sized nonprofit that reported $50.2M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Provide Electric Service to Rural Members

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $45,851,962

Investment Income $255,247

Other Revenue $4,120,279

TOTAL REVENUE $50,227,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,453,646

Fundraising Expenses $0

Program Expenses $50,227,488

Other Expenses $36,460,409

TOTAL EXPENSES $50,227,488

Year-over-Year Comparison

	2025	2024	Change
Revenue	$50,227,488	$45,843,040	+0.1%
Expenses	$50,227,488	$45,843,040	+0.1%
Net Income	$0	$0	N/A

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

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

$524,609

Total Directors

$198,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Annie Terracciano	General Manager/CEO	50	Officer	$292,686	$148,523	$441,209
Kristin Burge	Operations Manager	45	Highest	$224,052	$106,931	$330,983
Dan Davis	Lineman	51	Highest	$238,452	$68,372	$306,824
Patrick Raynor	Lineman	50	Highest	$244,541	$58,041	$302,582
Marcus Hull	Lineman	50	Highest	$238,898	$58,092	$296,990
William Murray	Lineman	50	Highest	$231,168	$57,055	$288,223
Steve Klatt	Director	12	Director	$34,600	$0	$34,600
Steve Elgar	President	16	Officer Director	$31,200	$0	$31,200
Mike Dolan	Secretary	12	Officer Director	$27,600	$0	$27,600
Dave Anderson	Director	12	Director	$27,600	$0	$27,600
James Woodward	Director	16	Director	$26,600	$0	$26,600
Jill Vandegrift	Director	12	Director	$26,200	$0	$26,200
Kennon Mcklintock	Vice President	12	Officer Director	$24,600	$0	$24,600

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	$50,227,488	$50,227,488	$119,133,807	No data
2024	$45,843,040	$45,843,040	$109,374,499	No data
2023	$44,733,936	$44,733,936	$103,563,115	No data
2022	$43,729,312	$43,729,312	$99,237,939	No data
2021	$38,965,903	$38,965,903	$97,325,081	No data
2020	$36,985,740	$36,985,740	$96,869,431	No data

NORTHERN LIGHTS INCORPORATED