Northern Lakes Partners Inc

Northern Lakes Partners Inc shows improving financial stability with consistent revenue and no reported officer compensation.

EIN: 205764841 · Rhinelander, WI · NTEE: X20 · Updated: 2026-03-28

$849KRevenue

$434KAssets

85/100Mission Score (Excellent)

X20

About Northern Lakes Partners Inc

Northern Lakes Partners Inc (EIN: 205764841) is a nonprofit organization based in Rhinelander, WI, classified under NTEE code X20. The organization reported total revenue of $849K and total assets of $434K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northern Lakes Partners Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Northern Lakes Partners Inc demonstrates consistent financial operations, with revenues and expenses generally in the range of $700,000 to $1,000,000 over the past several years. The organization has shown a positive trend in net assets, increasing from $247,526 in 2019 to $546,283 in 2023, while significantly reducing liabilities from $394,504 to $81,915 over the same period. This indicates improved financial stability and a healthier balance sheet.

The organization's spending efficiency appears strong, as evidenced by the consistent positive net income in most recent years (e.g., $122,264 in 2023 and $132,110 in 2020). The absence of reported officer compensation across all filings suggests that leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which can contribute to lower administrative overhead. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is limited.

Transparency is generally good given the consistent filing of IRS Form 990s. The consistent reporting of zero officer compensation is a notable aspect of their financial structure. To further enhance transparency, a more granular breakdown of functional expenses would be beneficial for stakeholders to understand how funds are allocated across different activities.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Northern Lakes Partners Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Northern Lakes Partners Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which is a positive indicator for minimizing administrative costs relative to the organization's size and revenue.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Northern Lakes Partners Inc's IRS 990 filings:

Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, limiting precise efficiency analysis.

Strengths

The following positive indicators were identified for Northern Lakes Partners Inc:

Significant reduction in liabilities from $960,955 in 2014 to $81,915 in 2023, indicating improved financial stability.
Consistent reporting of 0% officer compensation across all filings, suggesting low executive overhead.
Positive net income in recent years, such as $122,264 in 2023, contributing to asset growth.
Growing net assets from $247,526 in 2019 to $546,283 in 2023, strengthening the organization's financial position.
Consistent IRS 990 filing history, indicating good transparency practices.

Frequently Asked Questions about Northern Lakes Partners Inc

Is Northern Lakes Partners Inc a good charity?

Based on the available data, Northern Lakes Partners Inc appears to be a financially stable organization with a positive trend in net assets and a significant reduction in liabilities. The consistent reporting of zero officer compensation is also a positive sign for efficiency. However, a detailed breakdown of program vs. administrative spending would provide a more complete picture of their charitable effectiveness.

How has Northern Lakes Partners Inc's financial health changed over time?

Northern Lakes Partners Inc has significantly improved its financial health. Liabilities have decreased from $960,955 in 2014 to $81,915 in 2023, while assets have grown from $190,889 to $546,283 over the same period, indicating a stronger balance sheet and reduced financial risk.

What is the trend in Northern Lakes Partners Inc's revenue and expenses?

Revenue has fluctuated but generally remained between $700,000 and $1,000,000 in recent years, with a peak of $1,557,078 in 2014 and $920,353 in 2023. Expenses have largely followed revenue, with the organization consistently operating with a positive net income in most recent periods, such as $122,264 in 2023 ($920,353 revenue - $798,089 expenses).

Filing History

IRS 990 filing history for Northern Lakes Partners Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Northern Lakes Partners Inc's revenue has grown by 41.8%, moving from $649K to $920K. Total assets increased by 656.8% over the same period, from $72K to $546K. Total functional expenses rose by 4.6%, from $763K to $798K. In its most recent filing year (2023), Northern Lakes Partners Inc reported a surplus of $122K, with revenue exceeding expenses. The organization holds $82K in liabilities against $546K in assets (debt-to-asset ratio: 15.0%), resulting in net assets of $464K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$920K	$798K	$546K	$82K	—	—
2022	$795K	$790K	$378K	$139K	—	View 990
2021	$903K	$784K	$442K	$208K	—	View 990
2020	$960K	$628K	$485K	$370K	—	View 990
2019	$745K	$685K	$248K	$395K	—	View 990
2018	$780K	$664K	$253K	$460K	—	View 990
2017	$771K	$668K	$248K	$571K	—	View 990
2016	$750K	$646K	$261K	$686K	—	View 990
2015	$1.0M	$914K	$214K	$744K	—	View 990
2014	$1.6M	$1.1M	$191K	$961K	—	View 990
2013	$714K	$959K	$54K	$1.2M	—	View 990
2012	$615K	$814K	$58K	$996K	—	View 990
2011	$649K	$763K	$72K	$811K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $920K, expenses of $798K, and assets of $546K (revenue +15.8% year-over-year).
2022: Revenue of $795K, expenses of $790K, and assets of $378K (revenue -12.0% year-over-year).
2021: Revenue of $903K, expenses of $784K, and assets of $442K (revenue -6.0% year-over-year).
2020: Revenue of $960K, expenses of $628K, and assets of $485K (revenue +29.0% year-over-year).
2019: Revenue of $745K, expenses of $685K, and assets of $248K (revenue -4.5% year-over-year).
2018: Revenue of $780K, expenses of $664K, and assets of $253K (revenue +1.2% year-over-year).
2017: Revenue of $771K, expenses of $668K, and assets of $248K (revenue +2.7% year-over-year).
2016: Revenue of $750K, expenses of $646K, and assets of $261K (revenue -26.7% year-over-year).
2015: Revenue of $1.0M, expenses of $914K, and assets of $214K (revenue -34.2% year-over-year).
2014: Revenue of $1.6M, expenses of $1.1M, and assets of $191K (revenue +118.0% year-over-year).
2013: Revenue of $714K, expenses of $959K, and assets of $54K (revenue +16.2% year-over-year).
2012: Revenue of $615K, expenses of $814K, and assets of $58K (revenue -5.3% year-over-year).
2011: Revenue of $649K, expenses of $763K, and assets of $72K.

Data Sources and Methodology

This transparency report for Northern Lakes Partners Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.