SMART NORTH (EIN 863782715) - 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

2021

Legal Domicile

Principal Officer

SABINA SAKSENA

Phone

6094337455

Tax Period

2024-01-01 to 2024-12-31

SMART NORTH, founded in 2021, is a small nonprofit in the Science & Technology sector that reported $808K in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum.

Mission

SMART NORTH WAS BORN OUT OF COMMUNITY VISION TO ADVANCE DIGITAL EQUITY AND OPPORTUNITIES FOR UNDERSERVED AND RURAL COMMUNITIES IN MINNESOTA

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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 $796,550

Program Service Revenue $11,100

Investment Income $0

Other Revenue $202

TOTAL REVENUE $807,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,530

Fundraising Expenses $14,000

Program Expenses $642,292

Other Expenses $649,193

TOTAL EXPENSES $817,723

Year-over-Year Comparison

	2024	2023	Change
Revenue	$807,852	$399,856	+1.0%
Expenses	$817,723	$512,606	+0.6%
Net Income	$-9,871	$-112,750	-0.9%

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

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

$34,375

Total Directors

$71,875

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SABINA SAKSENA	CHAIR	2.00	Officer Director	$34,375	$0	$34,375
TAYO DANIEL	DIRECTOR	2.00	Director	$37,500	$0	$37,500
TOM FISHER	DIRECTOR	2.00	Director	$0	$0	$0
KIMBERLEY BURKE	DIRECTOR	2.00	Officer Director	$0	$0	$0
JAIME WASCALUS	DIRECTOR	2.00	Director	$0	$0	$0
RAJNI SHAH	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA REED	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL WESSELS	TREASURER	2.00	Officer Director	$0	$0	$0
MARTHA ENGEL	SECRETARY	2.00	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
2024	No data	No data	No data	No data
2024	$807,852	$817,723	$235,648	$-9,871
2023	$399,856	$489,290	$200,604	$-89,434
2023	$500,814	$634,676	$173,373	$-133,862
2023	$399,856	$512,606	$200,604	$-112,750
2023	$399,856	$512,606	$200,604	$-112,750
2022	$465,985	$198,156	$275,600	$267,829

SMART NORTH