NorthStar Palliative Care Inc

EIN: 822430786 501(c)(3) Health Care

Ann Arbor, MI

Total Revenue
$340,517
Total Expenses
$1,006,702
Total Assets
$685,816
Net Assets
$-1,745,859
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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
MI
Phone
3135785000
Tax Period
2023-01-01 to 2023-12-31

NorthStar Palliative Care Inc, founded in 2017, is a small nonprofit in the Health Care sector that reported $341K in total revenue in fiscal year 2023. Expenses of $1.0M exceeded revenue, resulting in a 196% operating deficit.

Mission

Providing palliative care to patients coping with serious illness.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $339,104
Investment Income $1,413
Other Revenue $0
TOTAL REVENUE $340,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $941,725
Fundraising Expenses $0
Program Expenses $1,005,702
Other Expenses $64,977
TOTAL EXPENSES $1,006,702

Year-over-Year Comparison

2023 2022 Change
Revenue $340,517 $321,530 +0.1%
Expenses $1,006,702 $649,819 +0.5%
Net Income $-666,185 $-328,289 +1.0%
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

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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$1,479,683
Total Directors
5
$1,479,683
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Executive VP/Chief Financial Officer 1.0
Officer Director
$0 $20,514 $528,359
N/A President & Chief Executive Officer 1.0
Officer Director
$0 $27,829 $951,324
N/A Vice Chair 1.0
Officer Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
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
2024 No data No data No data No data
2023 $340,517 $1,006,702 $685,816 $-666,185
2022 $321,530 $649,819 $349,443 $-328,289
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