Northern Technology Initiative
Nonprofit profile at a glance
- EIN
- 311709954
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990 2017, Form 990-EZ 2024
- Location
- Pine City, MN, USA
- Phone
- 3203224040
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $35,741
- Expenses
- $31,876
- Assets
- $13,293
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JESSICA BITZ (CO-PRESIDENT)
- STEPHANIE HILLSHEIM (CO-PRESIDENT)
People named in this filing
- GREG CARLSON (VICE-PRESIDE)
- JESSICA BITZ (CO-PRESIDENT)
- STEPHANIE HILLSHEIM (CO-PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Business development
What it reported doing in 2024
To capitalize on the strengths that come from being a regional economic development allicance acting as a conduit for members to access resources, prospectvie businesses and educational opportunities that would otherwise not be available to them; and to provide a regional approach to workforce development and busines retention.
Operating model
- Revenue model
- Membership-supported. 68% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 82
- Sustainability: 44
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.2%; rating input score 85
- Program expense ratio: 95.6%; rating input score 96
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 10.8%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 0.42; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -1.7% per year; rating input score 0; 43rd percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: -0.6% per year; rating input score 0; 36th percentile among comparable filings
Details
- Where the money goes: 85.2% of revenue deployed · 95.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $30K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.