NORTH FUND (EIN 834011547) - 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

2018

Legal Domicile

Principal Officer

JIM GERSTEIN

Phone

2029711330

Tax Period

2023-01-01 to 2023-12-31

NORTH FUND, founded in 2018, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $59.7M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $20.5M, a strong 34% operating margin.

Mission

THE NORTH FUND PARTNERS WITH COMMITTED COMMUNITY LEADERS TO HELP MAKE OUR COUNTRY A MORE JUST, FAIR, AND EQUITABLE PLACE TO LIVE, WORK, AND RAISE FAMILIES. IT FOCUSES ON SUPPORTING INNOVATIVE SOCIAL ENTREPRENEURSHIP, EDUCATIONAL INITIATIVES, AND ADVOCACY CAMPAIGNS THAT LIFT UP COMMUNITIES AND CREATE REAL AND LASTING CHANGE.

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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 $58,328,113

Program Service Revenue $0

Investment Income $988,693

Other Revenue $374,707

TOTAL REVENUE $59,691,513

Expense Breakdown

Grants Paid $25,279,295

Salaries & Benefits $1,528,758

Fundraising Expenses $580

Program Expenses $37,710,386

Other Expenses $12,373,606

TOTAL EXPENSES $39,181,659

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,691,513	$46,878,965	+0.3%
Expenses	$39,181,659	$44,232,686	-0.1%
Net Income	$20,509,854	$2,646,279	+6.8%

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

N/A

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

$6,720

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM GERSTEIN	PRESIDENT AND CHAIR	1.00	Officer Director	$0	$0	$0
CRISTINA URIBE	TREASURER	1.00	Officer Director	$0	$0	$0
MELANIE BELLER	SECRETARY	1.00	Officer Director	$0	$0	$0
SAURABH GUPTA	GENERAL COUNSEL	1.00	Officer	$6,720	$0	$6,720

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	$59,691,513	$39,181,659	$62,369,243	$20,509,854
2022	$46,878,965	$44,232,686	$38,239,022	$2,646,279
2022	$46,878,965	$44,232,686	$38,239,022	$2,646,279
2021	$42,926,545	$33,387,269	$43,517,343	$9,539,276
2020	$66,608,974	$48,780,510	$26,507,967	$17,828,464
2019	$9,351,304	$1,862,416	$7,915,300	$7,488,888

NORTH FUND