Northwood School

Northwood School shows consistent revenue, growing assets, and no reported officer compensation in recent filings.

EIN: 141401103 · Lake Placid, NY · Updated: 2026-03-28

$10.8MRevenue

$30.3MAssets

75/100Mission Score (Good)

About Northwood School

Northwood School (EIN: 141401103) is a nonprofit organization based in Lake Placid, NY. The organization reported total revenue of $10.8M and total assets of $30.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northwood School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Northwood School demonstrates consistent financial activity, with revenues and expenses generally in the range of $7.5 million to $12.5 million over the past decade. The organization's assets have steadily grown from $17.5 million in 2013 to over $30 million currently, indicating a healthy accumulation of resources. While there have been periods where expenses slightly exceeded revenue, such as in 2023 ($10,706,928 expenses vs. $10,643,340 revenue) and 2021 ($8,565,273 expenses vs. $7,899,486 revenue), these appear to be minor fluctuations within a generally stable financial picture. The consistent growth in assets suggests effective long-term financial management.

The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the absence of reported officer compensation in the provided data for all periods is a notable point regarding transparency. While this could indicate that compensation is reported differently or that officers are uncompensated, it warrants further investigation to understand the full compensation structure. The consistent filing of IRS 990s over 11 periods demonstrates a commitment to regulatory compliance and basic financial transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Northwood School with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Northwood School allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The provided data consistently reports 0% for Officer Compensation across all available filing periods, suggesting that key executives may not be compensated directly as officers or that their compensation is reported under different categories, which would require further scrutiny of the full 990 forms to understand.

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 Northwood School's IRS 990 filings:

Lack of detailed expense breakdown (program, admin, fundraising) in summary data
Consistent 0% officer compensation reported, which may obscure actual executive remuneration without further detail

Strengths

The following positive indicators were identified for Northwood School:

Consistent growth in assets, from $17.5M in 2013 to $30.2M currently, indicating financial stability and growth.
Long history of IRS 990 filings (11 filings), demonstrating regulatory compliance.
Generally stable revenue streams over the past decade, averaging around $9 million annually.

Frequently Asked Questions about Northwood School

How does Northwood School manage to report 0% officer compensation across all filings?

The provided summary data consistently shows 0% for Officer Compensation. This could mean that officers are uncompensated, compensated through a related entity, or their compensation is categorized differently within the full IRS 990 form (e.g., as general salaries). A review of the full 990s would be necessary to clarify this.

What is the detailed breakdown of program, administrative, and fundraising expenses?

The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for a comprehensive assessment of spending efficiency and would be found in Part IX of the full IRS 990 form.

What is the primary source of Northwood School's revenue?

While the total revenue is provided, the specific sources (e.g., tuition, contributions, investment income) are not detailed in this summary. This information is typically found in Part VIII of the full IRS 990.

Filing History

IRS 990 filing history for Northwood School showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2012–2023), Northwood School's revenue has grown by 58.8%, moving from $6.7M to $10.6M. Total assets increased by 78.9% over the same period, from $16.3M to $29.2M. Total functional expenses rose by 63.7%, from $6.5M to $10.7M. In its most recent filing year (2023), Northwood School reported a deficit of $64K, with expenses exceeding revenue. The organization holds $9.2M in liabilities against $29.2M in assets (debt-to-asset ratio: 31.6%), resulting in net assets of $20.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$10.6M	$10.7M	$29.2M	$9.2M	—	View 990
2022	$12.6M	$10.7M	$28.2M	$8.6M	—	View 990
2021	$7.9M	$8.6M	$28.7M	$9.7M	—	View 990
2019	$9.3M	$9.2M	$23.0M	$4.6M	—	View 990
2018	$8.7M	$8.8M	$23.1M	$5.0M	—	View 990
2017	$9.2M	$8.7M	$23.3M	$5.2M	—	View 990
2016	$8.7M	$8.4M	$21.8M	$4.1M	—	View 990
2015	$7.8M	$8.2M	$20.4M	$3.0M	—	View 990
2014	$8.9M	$7.4M	$21.4M	$3.7M	—	View 990
2013	$7.5M	$6.6M	$17.6M	$1.5M	—	View 990
2012	$6.7M	$6.5M	$16.3M	$1.2M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $10.6M, expenses of $10.7M, and assets of $29.2M (revenue -15.2% year-over-year).
2022: Revenue of $12.6M, expenses of $10.7M, and assets of $28.2M (revenue +58.9% year-over-year).
2021: Revenue of $7.9M, expenses of $8.6M, and assets of $28.7M (revenue -15.4% year-over-year).
2019: Revenue of $9.3M, expenses of $9.2M, and assets of $23.0M (revenue +7.9% year-over-year).
2018: Revenue of $8.7M, expenses of $8.8M, and assets of $23.1M (revenue -6.1% year-over-year).
2017: Revenue of $9.2M, expenses of $8.7M, and assets of $23.3M (revenue +6.0% year-over-year).
2016: Revenue of $8.7M, expenses of $8.4M, and assets of $21.8M (revenue +10.9% year-over-year).
2015: Revenue of $7.8M, expenses of $8.2M, and assets of $20.4M (revenue -12.1% year-over-year).
2014: Revenue of $8.9M, expenses of $7.4M, and assets of $21.4M (revenue +18.2% year-over-year).
2013: Revenue of $7.5M, expenses of $6.6M, and assets of $17.6M (revenue +12.5% year-over-year).
2012: Revenue of $6.7M, expenses of $6.5M, and assets of $16.3M.

Data Sources and Methodology

This transparency report for Northwood School 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.