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True North Recovery Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 823666636 ✦ Wasilla, AK ✦ Designated as a 501(c)(3)

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Overview

What is True North Recovery Inc?

True North Recovery Inc., situated in Wasilla, Alaska, is a distinguished nonprofit organization specializing in outpatient behavioral health treatment. Their services encompass crisis stabilization, assessment and diagnosis, outpatient and intensive outpatient treatment, and various other support programs, such as peer support, mental health therapy, and tele-health assessments. True North Recovery is committed to utilizing evidenced-based best practices and community-based recovery support services to help individuals overcome alcohol, drug, and other addictive lifestyles. By offering same-day access to these services, they aim to create a safe and supportive environment for those in recovery. With a team of 77 dedicated employees, True North Recovery is dedicated to enhancing the lives of their clients and fostering long-term recovery. Their inclusion of peer support in their healthcare system is a testament to the future of behavioral health treatment.


Official website here: www.tnrak.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)

True North Recovery Inc has received a Three-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The organization scores particularly well in areas such as having an independent board and maintaining stringent financial oversight, which contributes to its solid reputation within the nonprofit sector.

Strengths include a fully independent board, effective fiscal management, and the absence of asset diversion. The charity also demonstrates transparency with its policies on conflict of interest, whistleblower protections, and document retention, all of which are critical for maintaining donor trust and operational integrity.

However, there are areas for improvement, particularly regarding the liabilities to assets ratio, which scored lower than other metrics. While the organization allocates a significant portion of its expenses towards programs, enhancing its financial stability could further elevate its rating in the future. Overall, True North Recovery Inc shows a commitment to responsible governance and effective resource management.


This AI summary has been generated from information found on Charity Navigator.

Is True North Recovery Inc legitimate?

True North Recovery Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. True North Recovery Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $459,982
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,178,897

For more financial information, click here


Official website here: www.tnrak.org

What is the mission statement of True North Recovery Inc?

True North Recovery Inc. is dedicated to offering community-focused, culturally sensitive behavioral health treatment for drug and alcohol addiction, as well as other addictive behaviors. Their mission is to provide prompt access to evidence-based practices, establish partnerships, and offer authentic recovery support services. The organization strives to create a secure and supportive environment, encouraging peer-led education, services, and engagement. Through their programs and collaborations, True North Recovery Inc. aims to break down social barriers and open pathways to long-term recovery for individuals seeking help.


Official website here: www.tnrak.org

Who is the CEO of True North Recovery Inc?

Karl Soderstrom is the Ceo of True North Recovery Inc. The CEO's salary of True North Recovery Inc is $204,151 and their total compensation is $204,151.


Official website here: www.tnrak.org

What is the revenue of True North Recovery Inc?

True North Recovery Inc's revenue in 2022 was $5,576,582.


Official website here: www.tnrak.org

Who are the executives of True North Recovery Inc and what are their salaries?

The average compensation at True North Recovery Inc during 2022 was $34,271. There are 77 employees and 7 volunteers at True North Recovery Inc.


Here are 13 key members and their salaries (True North Recovery Inc's CEO's salary is $204,151 and their total compensation is $204,151):


Karl Soderstrom (Ceo)
  • Compensation: $204,151
  • Related: $0
  • Other: $0
Kristina Skoog (Chief Clinical)
  • Compensation: $134,106
  • Related: $0
  • Other: $0
Erin Kraus (Cfo)
  • Compensation: $97,641
  • Related: $0
  • Other: $0
Chloe Sylvester (Chief Admin Off)
  • Compensation: $56,856
  • Related: $0
  • Other: $0
Kara Nelson (Coo)
  • Compensation: $41,676
  • Related: $0
  • Other: $0
Michelle Overstreet (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Carson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Valerie Soderstrom (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Jacobson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Harris (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Fosselmen (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Alter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Peterson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tnrak.org

Where can I find the form 990 for True North Recovery Inc?

True North Recovery Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tnrak.org

Learn more at the official website: www.tnrak.org

Mission Statement of True North Recovery Inc

True North Recovery Inc, as a leading drug and alcohol treatment center, is committed to providing its community with client-centered, culturally competent behavioral health treatment. Their mission is to offer swift access to evidence-based best practices, foster partnerships, and establish authentic community-based recovery support services for individuals battling alcohol addiction, drug addiction, and other addictive lifestyles. The organization strives to create a secure and supportive environment that encourages peer-led education, services, and engagement. Through their programs and partnerships, True North Recovery Inc aims to eliminate social barriers and open up pathways to recovery for those seeking and maintaining long-term sobriety. The center's ultimate goal is to provide a comprehensive approach to treatment, offering assistance and support to help individuals overcome their addiction and rebuild their lives.

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Impact




July, 2024

True North Recovery Inc is making a significant impact in the community by providing same-day access to a wide range of behavioral health services for those struggling with addiction and other addictive lifestyles. Their holistic approach includes crisis stabilization, assessment, individualized therapy, peer support, and continuing care, all aimed at improving the quality of life for clients and their families. True North Recovery is setting the standard in the healthcare system by incorporating peer support as a vital component of behavioral health treatment, ultimately saving lives and rebuilding bridges within the community.




This information is meant to be a general summary of True North Recovery Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$5,576,582 (2022)
Expenses
$4,648,378 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8,347
  • Program Service Revenue: $4,888,752
  • Gross Receipts: $5,589,663

Assets and Liabilities:

  • Total Assets: $2,726,580
  • Total Liabilities: $1,388,506
  • Net Assets: $1,338,074

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Outpatient

Revenue

$4,778,828

Housing

Revenue

$109,924

Organization Details

Founding Year

2018

Principal Officer

Karl Soderstrom

Main Address

591 S Knik Goose Bay Rd, Wasilla, AK, 99654

NTEE Category

Code: E99 - Health

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