Northland Healthcare Alliance

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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

1996

Legal Domicile

Principal Officer

Lynn Grimm

Phone

7012500709

Tax Period

2024-07-01 to 2025-06-30

Northland Healthcare Alliance, founded in 1996, is a community nonprofit in the Health Care sector that reported $2.6M in total revenue in fiscal year 2024. Expenses of $2.2M left a modest 14% surplus.

Mission

A strategic partnership in which Northland Healthcare Alliance links rural healthcare providers for the purpose of providing quality supportive healthcare education, grants and collaborative efforts for its members. Members contribute dues to support staff that provide education and guidance for the efforts described below. The programs developed provide extensive benefits to members and provide much needed guidance to help them in these areas.

Program Service Accomplishments

Program 1

Expenses: $2,146,752 Revenue: $2,460,170

Mobile Imaging Services - Northland Healthcare Alliance offers mobile imaging services to its members and other rural facilities who are not able to provide the services within their facilities cost effectively. This program allows rural and small healthcare facilities to expand the services offered to their patient on their campus.Health Information Technology - Northland Healthcare Alliance works with members to offer guidance and education to staff to manage the complicated issues that affect healthcare delivery in the technological world. Staff can provide assistance in solving information technology issues that confront rural providers that do not have the resources to solve technical issues.

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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 $90,000

Program Service Revenue $2,460,170

Investment Income $46,962

Other Revenue $615

TOTAL REVENUE $2,597,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $826,857

Fundraising Expenses $0

Program Expenses $2,146,752

Other Expenses $1,407,005

TOTAL EXPENSES $2,233,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,597,747	$2,603,835	0.0%
Expenses	$2,233,862	$2,199,783	+0.0%
Net Income	$363,885	$404,052	-0.1%

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

142

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

$211,461

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Reed Reyman	President	1.00	Officer Director	$0	$0	$0
Dan Kelly	Vice President (Until Aug 2024)	1.00	Officer Director	$0	$0	$0
Taylar Hack	Director	1.00	Director	$0	$0	$0
Ron Frei	Director	1.00	Director	$0	$0	$0
Carol Enderle	Director	1.00	Director	$0	$0	$0
Edward Heise	Director	1.00	Director	$0	$0	$0
Darold Bertsch	Director	1.00	Director	$0	$0	$0
Raumi Kudrna	Director	1.00	Director	$0	$0	$0
Lynn Grimm	CEO	4.00	Officer	$19,110	$20,360	$211,461

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	$2,597,747	$2,233,862	$5,454,304	$363,885
2024	No data	No data	No data	No data
2023	$2,344,679	$2,133,516	$5,605,812	$211,163
2022	$1,870,007	$1,608,265	$3,400,028	$261,742
2021	$1,869,484	$1,739,472	$3,260,554	$130,012
2020	$1,808,740	$1,717,844	$2,999,568	$90,896
2019	$2,063,492	$2,070,633	$3,065,579	$-7,141
2018	$1,883,796	$2,289,269	$3,111,790	$-405,473