TRUE NORTH PARENT PARTNERSHIP (EIN 822087874) - 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

2017

Legal Domicile

Principal Officer

Lisa Palmer

Phone

7133778681

Tax Period

2022-07-01 to 2023-06-30

TRUE NORTH PARENT PARTNERSHIP, founded in 2017, is a small nonprofit in the Education sector that reported $393K in total revenue in fiscal year 2022. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $377K left a modest 4% surplus.

Mission

True North exists to parents, teaching excellence and providing enrichment opportunities in an affordable way, filling the financial gap between public and private schools for self-educating families.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $364,064

Investment Income $0

Other Revenue $28,752

TOTAL REVENUE $392,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,326

Fundraising Expenses $0

Program Expenses $377,278

Other Expenses $281,952

TOTAL EXPENSES $377,278

Year-over-Year Comparison

	2022	2021	Change
Revenue	$392,816	$321,053	+0.2%
Expenses	$377,278	$300,652	+0.3%
Net Income	$15,538	$20,401	-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

$37,470

Total Directors

Key Employees

$77,061

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jayme Dicker	Director of Education	50	Key Emp Highest	$39,591	$0	$39,591
Lisa Palmer	Executive Director	50	Officer Key Emp	$37,470	$0	$37,470
Rich Palmer	Board Member	2	Director	$0	$0	$0
Nick Gentles	Board Member	0	Director	$0	$0	$0
Carole Graham	Board Member	1	Director	$0	$0	$0
William Dicker	Vice President	2	Officer	$0	$0	$0
Angel Weir	Secretary	0	Officer	$0	$0	$0
James Bonsall	Treasurer	0.5	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	$392,816	$377,278	$72,263	$15,538
2022	$321,053	$300,652	$56,725	$20,401
2021	$245,841	$221,649	$36,324	$24,192
2020	$222,204	$227,902	$12,132	$-5,698

TRUE NORTH PARENT PARTNERSHIP