True North Recovery Inc

EIN: 823666636 501(c)(3) Health Care

Wasilla, AK

Total Revenue
$23,790,062
Total Expenses
$18,302,705
Total Assets
$15,293,653
Net Assets
$9,550,772
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
AK
Principal Officer
Karl Soderstrom
Phone
9072064806
Tax Period
2024-07-01 to 2025-06-30

True North Recovery Inc, founded in 2018, is a mid-sized nonprofit in the Health Care sector that reported $23.8M in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.5M, a strong 23% operating margin.

Mission

As a leading Alaska drug and alcohol treatment center, True North Recovery Inc. is on mission to provide our community with client centered, culturally competent behavioral health treatment with same day access to services through: Evidenced based best practices, partnerships, and authentic community-based recovery support services for alcohol addiction, drug addiction, and treatment for other addictive lifestyles.We work to foster a safe and supportive environment for peer-centered education, services and engagement. Our programs and partnerships open pathways to recovery by removing social barriers and creating opportunities for those seeking and maintaining long-term recovery.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,956,931
Program Service Revenue $19,656,480
Investment Income $44,303
Other Revenue $132,348
TOTAL REVENUE $23,790,062

Expense Breakdown

Grants Paid $229,994
Salaries & Benefits $12,280,766
Fundraising Expenses $0
Program Expenses $14,315,069
Other Expenses $5,791,945
TOTAL EXPENSES $18,302,705

Year-over-Year Comparison

2024 2023 Change
Revenue $23,790,062 $13,704,755 +0.7%
Expenses $18,302,705 $11,166,242 +0.6%
Net Income $5,487,357 $2,538,513 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
7
Independent Members
6
Employees
243
Volunteers
8

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
10
$1,729,743
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karl Soderstrom CEO 40.00
Officer
$465,212 $28,990 $494,202
Karyn Overturf Dir Medical Serv 40.00
$278,836 $13,115 $291,951
Chloe Sylvester CAO 40.00
Officer
$254,010 $23,371 $277,381
Marti Anliker Advanced Nurse Pra 40.00
$241,013 $19,404 $260,417
Caitlin Hegwood CCO 40.00
Officer
$221,710 $22,987 $244,697
Lola Foss CFO 40.00
Officer
$234,361 $8,996 $243,357
Nicholaus Kraska COO 40.00
Officer
$224,957 $18,276 $243,233
Erin Kraus CRO 40.00
Officer
$203,961 $22,912 $226,873
Patricia Payne Advanced Nurse Pra 40.00
$212,473 $9,854 $222,327
Susan Paul Registered Nurse 40.00
$159,990 $14,710 $174,700
Izaak Downing Mental Health Clin 40.00
$137,335 $22,044 $159,379
Michelle Overstreet President 0.25
Officer Director
$0 $0 $0
Jon Peterson Vice President 0.25
Officer Director
$0 $0 $0
Daisy Crozier Treasurer 0.25
Officer Director
$0 $0 $0
Kelly Harris Secretary 0.25
Officer Director
$0 $0 $0
Dr Michael Walter Alter Board Member 0.25
Director
$0 $0 $0
Amanda Randall Board Member 0.25
Director
$0 $0 $0
Val Soderstrom Board Member 0.25
Director
$0 $0 $0
Karen Malcom-Smith Board Member 0.25
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
2025 $23,790,062 $18,302,705 $15,293,653 $5,487,357
2024 $13,704,755 $11,166,242 $7,618,275 $2,538,513
2023 $8,101,718 $7,932,685 $4,020,126 $169,033
2022 $5,576,582 $4,648,378 $2,726,580 $928,204
2021 $2,859,192 $2,775,186 $650,930 $84,006
2020 $1,567,467 $1,481,900 $507,477 $85,567
2019 $777,149 $708,383 $70,874 $68,766
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