NORTHERN STAR FOUNDATION INC

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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

2022

Legal Domicile

Principal Officer

JON GARGULAK

Phone

7157364444

Tax Period

2025-01-01 to 2025-12-31

NORTHERN STAR FOUNDATION INC, founded in 2022, is a micro nonprofit in the Public & Societal Benefit sector that reported $4K in total revenue in fiscal year 2025. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $132K exceeded revenue, resulting in a 3257% operating deficit.

Mission

SUPPORT ORGANIZATION HOLDING FUNDS FOR THE NORTHERN STAR THEATRE COMPANY

Program Service Accomplishments

Program 1

Expenses: $88,538 Revenue: $3,945

SUPPORT ORGANIZATION HOLDING FUNDS FOR THE NORTHERN STAR THEATRE COMPANY

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $3,945

Other Revenue $0

TOTAL REVENUE $3,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,538

Other Expenses $132,435

TOTAL EXPENSES $132,435

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,945	$6,680	-0.4%
Expenses	$132,435	$47,452	+1.8%
Net Income	$-128,490	$-40,772	+2.2%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON GARGULAK	TREASURER	1.00	Officer Director	$0	$0	$0
NICOLLE SABATKE-ORSON	PRESIDENT	1.00	Director	$0	$0	$0
CATHY COLLINS	BOARD MEMBER	1.00	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
2025	$3,945	$132,435	$129,555	$-128,490
2024	$6,680	$47,452	$258,045	$-40,772
2023	$5,975	$25,193	$298,817	$-19,218
2022	$318,035	No data	$318,035	No data