TPhilanthropy, Voluntarism & GrantmakingEIN: 411554455· Ruling Year: 1986

Northland Foundation

Duluth, Minnesota

B+Health Score
74B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 132 peers in Philanthropy, Voluntarism & Grantmaking with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org9.80×
Peer Median11.98×
💰
$11.7M
Total Revenue
📊
$11.2M
Total Expenses
🏦
$110.2M
Net Assets
📋
$4.9M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-58.1%
Year-over-year change (2022 → 2023)
Net Margin
+3.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
9.80
Net assets divided by total expenses
Liabilities-to-Assets
4.3%
Total liabilities as % of total assets

Filing History

12 filings on record
YearRevenueExpensesAssets
2023$11,684,63158%$11,246,2078%$115,113,2814%
2022$27,913,2721%$12,225,0259%$110,895,2709%
2021$27,712,00769%$13,423,86543%$122,061,03028%
2020$16,414,612275%$9,357,44012%$95,143,8799%
2019$4,374,92574%$8,346,66513%$87,209,560
2018$16,993,895217%$9,568,28334%$87,351,8721%
2017$5,359,74633%$7,136,2199%$86,837,5994%
2016$8,019,5469%$7,844,4603%$83,205,4603%
2015$8,813,12624%$7,584,08423%$85,923,7581%
2014$11,639,2472%$6,159,175$87,229,08811%
2013$11,890,57527%$6,189,6735%$78,536,92111%
2012$9,339,022$5,896,476$70,598,060

Frequently Asked Questions

What does Northland Foundation do?

Northland Foundation is a philanthropy, voluntarism & grantmaking nonprofit organization based in Minnesota. It is classified under NTEE code T30 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Northland Foundation financially healthy?

Based on our 9-metric Financial Health Score model, Northland Foundation has a score of 74/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Northland Foundation generate?

Northland Foundation reports $14.0M in annual revenue and holds $124.7M in total assets, based on IRS filings.

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