BANNER NORTHLAKE THERAPEUTIC INC (EIN 882916086) - 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

2023

Legal Domicile

Principal Officer

BARRY L COHEN

Phone

8472456526

Tax Period

2024-01-01 to 2024-12-31

BANNER NORTHLAKE THERAPEUTIC INC, founded in 2023, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

BANNER NORTHLAKE THERAPEUTIC OPERATES A THERAPEUTIC DAY SCHOOL IN LAKE VILLA, ILLINOIS. THE SCHOOL SERVES STUDENTS WITH DISABILITIES, PRIMARILY EMOTIONAL AND BEHAVIOR DISORDERS. THEORGANIZATION BEGAN OPERATING THE SCHOOL IN AUGUST 2022.

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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 $0

Program Service Revenue $2,990,919

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,990,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,289,817

Fundraising Expenses $0

Program Expenses $3,038,620

Other Expenses $748,803

TOTAL EXPENSES $3,038,620

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,990,919	$2,149,362	+0.4%
Expenses	$3,038,620	$2,197,139	+0.4%
Net Income	$-47,701	$-47,777	0.0%

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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

$400,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC CARLTON	PRESIDENT	30.00	Director	$200,000	$0	$200,000
BARRY COHEN	VICE PRESIDENT	30.00	Director	$200,000	$0	$200,000
COREY SHANNON	VICE PRESIDENT	30.00	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	$2,990,919	$3,038,620	$903,215	$-47,701
2023	$2,149,362	$2,197,139	$600,825	$-47,777
2022	$361,812	$434,281	$353,794	$-72,469

BANNER NORTHLAKE THERAPEUTIC INC