TRUE NORTH RETREATS (EIN 834554273) - 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

2020

Legal Domicile

Principal Officer

NATHANIEL BLACKBURN

Phone

7204280047

Tax Period

2024-01-01 to 2024-12-31

TRUE NORTH RETREATS, founded in 2020, is a small nonprofit in the Religion sector that reported $476K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 16% operating margin.

Mission

TRUE NORTH RETREATS EXISTS TO MINISTER TO MEN THROUGH FAITH IN GOD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $475,864

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $475,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,140

Fundraising Expenses $79,221

Program Expenses $234,488

Other Expenses $143,596

TOTAL EXPENSES $400,736

Year-over-Year Comparison

	2024	2023	Change
Revenue	$475,864	$269,494	+0.8%
Expenses	$400,736	$264,161	+0.5%
Net Income	$75,128	$5,333	+13.1%

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

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

$161,653

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT HOBIN	BOARD MEMBER	0.00	Director	$0	$0	$0
GIL SHEEHAN	BOARD MEMBER	0.00	Director	$0	$0	$0
KIRK MEYER	BOARD MEMBER	0.00	Director	$0	$0	$0
NATHANIEL BLACKBURN	EXECUTIVE DIRECTOR	70.00	Officer	$122,000	$39,653	$161,653

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	$475,864	$400,736	$315,780	$75,128
2023	$269,494	$264,161	$202,632	$5,333
2022	$308,223	$213,201	$196,623	$95,022

TRUE NORTH RETREATS