True North Goodwill Northern Minnesota And Northwestern Wiscons
EIN: 410919602 · Duluth, MN · NTEE: J32Z
| Metric | Value |
|---|---|
| Total Revenue | $16.2M |
| Total Expenses | $14.7M |
| Net Assets | $10.3M |
Is True North Goodwill Northern Minnesota And Northwestern Wiscons Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About True North Goodwill Northern Minnesota And Northwestern Wiscons
True North Goodwill Northern Minnesota And Northwestern Wiscons (EIN: 410919602) is a nonprofit organization based in Duluth, MN, classified under NTEE code J32Z. The organization reported total revenue of $16.2M and total assets of $11.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of True North Goodwill Northern Minnesota And Northwestern Wiscons's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
True North Goodwill Northern Minnesota And Northwestern Wiscons is a large nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.4M |
| Total Expenses | $14.7M |
| Surplus / Deficit | $-264,397 |
| Total Assets | $12.1M |
| Total Liabilities | $1.8M |
| Net Assets | $10.3M |
| Operating Margin | -1.8% |
| Debt-to-Asset Ratio | 14.7% |
| Months of Reserves | 9.8 months |
Financial Health Grade: B
In 2023, True North Goodwill Northern Minnesota And Northwestern Wiscons reported a deficit of $264K with expenses exceeding revenue, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 14.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), True North Goodwill Northern Minnesota And Northwestern Wiscons's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +74.9% | +141.2% | +16.7% |
| 2022 | +3.6% | +1.0% | +0.3% |
| 2021 | +75.3% | +8.8% | +38.5% |
| 2020 | -30.3% | -16.3% | -1.9% |
| 2019 | +8.6% | -0.4% | -5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1968 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for True North Goodwill Northern Minnesota And Northwestern Wiscons has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates True North Goodwill Northern Minnesota And Northwestern Wiscons with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $264K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.7%.
Frequently Asked Questions about True North Goodwill Northern Minnesota And Northwestern Wiscons
Is True North Goodwill Northern Minnesota And Northwestern Wiscons a legitimate charity?
True North Goodwill Northern Minnesota And Northwestern Wiscons (EIN: 410919602) is a registered tax-exempt nonprofit based in Minnesota. It has 13 years of IRS 990 filings on record. Total revenue: $16.2M. No red flags identified. Financial health grade: B.
How does True North Goodwill Northern Minnesota And Northwestern Wiscons spend its money?
True North Goodwill Northern Minnesota And Northwestern Wiscons reported $16.2M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to True North Goodwill Northern Minnesota And Northwestern Wiscons tax-deductible?
True North Goodwill Northern Minnesota And Northwestern Wiscons is registered as a tax-exempt nonprofit (EIN: 410919602). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is True North Goodwill Northern Minnesota And Northwestern Wiscons located?
True North Goodwill Northern Minnesota And Northwestern Wiscons is headquartered in Duluth, Minnesota and files with the IRS under EIN 410919602. It is classified under NTEE code J32Z.
How many years of IRS 990 filings does True North Goodwill Northern Minnesota And Northwestern Wiscons have?
True North Goodwill Northern Minnesota And Northwestern Wiscons has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $16.2M in total revenue.
Filing History
IRS 990 filing history for True North Goodwill Northern Minnesota And Northwestern Wiscons showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), True North Goodwill Northern Minnesota And Northwestern Wiscons's revenue has grown by 157.7%, moving from $5.6M to $14.4M. Total assets increased by 53.8% over the same period, from $7.8M to $12.1M. Total functional expenses rose by 186%, from $5.1M to $14.7M. In its most recent filing year (2023), True North Goodwill Northern Minnesota And Northwestern Wiscons reported a deficit of $264K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $12.1M in assets (debt-to-asset ratio: 14.7%), resulting in net assets of $10.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.4M | $14.7M | $12.1M | $1.8M | — | View 990 |
| 2022 | $8.3M | $6.1M | $10.3M | $378K | — | View 990 |
| 2021 | $8.0M | $6.0M | $10.3M | $1.6M | — | View 990 |
| 2020 | $4.5M | $5.5M | $7.4M | $1.6M | — | View 990 |
| 2019 | $6.5M | $6.6M | $7.6M | $735K | — | View 990 |
| 2018 | $6.0M | $6.7M | $8.0M | $765K | — | View 990 |
| 2017 | $6.6M | $7.1M | $8.5M | $846K | — | View 990 |
| 2016 | $6.3M | $7.0M | $8.8M | $858K | — | View 990 |
| 2015 | $6.3M | $6.4M | $9.6M | $921K | — | View 990 |
| 2014 | $6.2M | $6.0M | $9.5M | $803K | — | View 990 |
| 2013 | $6.4M | $5.9M | $9.0M | $751K | — | View 990 |
| 2012 | $6.2M | $5.7M | $8.4M | $875K | — | View 990 |
| 2011 | $5.6M | $5.1M | $7.8M | $764K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.4M, expenses of $14.7M, and assets of $12.1M (revenue +74.9% year-over-year).
- 2022: Revenue of $8.3M, expenses of $6.1M, and assets of $10.3M (revenue +3.6% year-over-year).
- 2021: Revenue of $8.0M, expenses of $6.0M, and assets of $10.3M (revenue +75.3% year-over-year).
- 2020: Revenue of $4.5M, expenses of $5.5M, and assets of $7.4M (revenue -30.3% year-over-year).
- 2019: Revenue of $6.5M, expenses of $6.6M, and assets of $7.6M (revenue +8.6% year-over-year).
- 2018: Revenue of $6.0M, expenses of $6.7M, and assets of $8.0M (revenue -8.3% year-over-year).
- 2017: Revenue of $6.6M, expenses of $7.1M, and assets of $8.5M (revenue +4.2% year-over-year).
- 2016: Revenue of $6.3M, expenses of $7.0M, and assets of $8.8M (revenue -0.4% year-over-year).
- 2015: Revenue of $6.3M, expenses of $6.4M, and assets of $9.6M (revenue +2.3% year-over-year).
- 2014: Revenue of $6.2M, expenses of $6.0M, and assets of $9.5M (revenue -3.2% year-over-year).
- 2013: Revenue of $6.4M, expenses of $5.9M, and assets of $9.0M (revenue +2.2% year-over-year).
- 2012: Revenue of $6.2M, expenses of $5.7M, and assets of $8.4M (revenue +11.3% year-over-year).
- 2011: Revenue of $5.6M, expenses of $5.1M, and assets of $7.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for True North Goodwill Northern Minnesota And Northwestern Wiscons:
Data Sources and Methodology
This transparency report for True North Goodwill Northern Minnesota And Northwestern Wiscons 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.