SCANDINAVIAN CHARITABLE SOCIETY OF… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1912

Legal Domicile

Principal Officer

JOSEPH CARELLA

Phone

6175276566

Tax Period

2025-01-01 to 2025-12-31

SCANDINAVIAN CHARITABLE SOCIETY OF GREATER BOSTON INC, founded in 1912, is a community nonprofit in the Human Services sector that reported $4.9M in total revenue in fiscal year 2025. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $860K, a strong 18% operating margin.

Mission

THE SCANDINAVIAN CHARITABLE SOCIETY OF GREATER BOSTON IS COMMITTED TO PROVIDING AFFORDABLE HOUSING AND ASSISTANCE TO ELDERS AND TO SUPPORT CULTURAL ENRICHMENT AND COMMUNITY CONNECTION.

Program Service Accomplishments

Program 1

Expenses: $3,150,995 Revenue: $3,458,790

SCANDINAVIAN LIVING CENTER- DURING THE YEAR OUR CENSUS (YTD) WAS 89.74%. AS OF DECEMBER 31, 2025, IT WAS 90.56% WHICH CONSISTED OF 12 MALES AND 27 FEMALES WITH AN AVERAGE AGE OF 86.8. OF THE 39...

SCANDINAVIAN LIVING CENTER- DURING THE YEAR OUR CENSUS (YTD) WAS 89.74%. AS OF DECEMBER 31, 2025, IT WAS 90.56% WHICH CONSISTED OF 12 MALES AND 27 FEMALES WITH AN AVERAGE AGE OF 86.8. OF THE 39 RESIDENTS, 18 WERE VERY LOW INCOME ($51,950 OR LESS), 12 WERE LOW INCOME ($82,950 OR LESS), 1 MODERATE INCOME ($104,510 OR LESS) AND 8 WERE AT MARKET RATE INCOME LEVELS BASED ON POVERTY LEVELS IN MASSACHUSETTS.

Program 2

Expenses: $201,566

THE SCANDINAVIAN CHARITABLE SOCIETY BELIEVES THAT THE LIVING CENTER AND THE CULTURAL CENTER COMPLEMENT EACH OTHER THROUGH MUTUALLY SUPPORTIVE ACTIVITIES WHILE SHARING SPACE. THE SOCIETY, THROUGH THE CULTURAL CENTER, IS COMMITTED TO POSITIONING ITSELF AS THE PREMIERE HUB FOR NORDIC CULTURAL ACTIVITIES IN NEW ENGLAND BY SHARING IMPORTANT ELEMENTS OF SCANDINAVIAN CULTURE WITH THE WIDER COMMUNITY.THE SECOND GOAL OF THE SCANDINAVIAN CULTURAL CENTER IS TO BE A LOCATION FOR AND SOURCE OF ENRICHING AND THOUGHT-PROVOKING EVENTS FOR RESIDENTS OF NEWTON AND GREATER BOSTON. THESE GOALS ARE ACHIEVED THROUGH COLLABORATIONS WITH OTHER ORGANIZATIONS, AND THROUGH THE CULTURAL CENTER'S OWN PROGRAMS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,372,403

Program Service Revenue $3,458,790

Investment Income $66,663

Other Revenue $-26,109

TOTAL REVENUE $4,871,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,556,845

Fundraising Expenses $100,811

Program Expenses $3,352,561

Other Expenses $2,431,796

TOTAL EXPENSES $4,011,641

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,871,747	$4,099,202	+0.2%
Expenses	$4,011,641	$3,778,596	+0.1%
Net Income	$860,106	$320,606	+1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$185,499

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA WALSH	PRESIDENT	0.50	Officer Director	$0	$0	$0
CAROL BERGERON	DIRECTOR & CO-VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
VICTORIA DANBERG	DIRECTOR & CO-VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
BRENDAN ROMANS	TREASURER	0.50	Officer Director	$0	$0	$0
FRAN DRAGON	RECORDING SECRETARY	0.50	Officer Director	$0	$0	$0
JOYCE HAGLUND	DIRECTOR (UNTIL MAR 2025)	0.50	Director	$0	$0	$0
DAVID GORDON	DIRECTOR (UNTIL MAR 2025)	0.50	Director	$0	$0	$0
THOR HELGASON	DIRECTOR	0.50	Director	$0	$0	$0
GARTH JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
REBECCA SULLIVAN	DIRECTOR	0.50	Director	$0	$0	$0
LORI FERRANTE	DIRECTOR (SINCE MAR 2025)	0.50	Director	$0	$0	$0
DAVID WILSON	DIRECTOR (SINCE MAR 2025)	0.50	Director	$0	$0	$0
JOSEPH CARELLA	EXECUTIVE DIRECTOR	45.00	Officer	$157,725	$27,774	$185,499
ALEXANDRA NICOLE FRENCH	DIRECTOR OF OPERATIONS	40.00	Highest	$103,360	$4,388	$107,748

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$4,871,747	$4,011,641	$9,176,512	$860,106
2024	No data	No data	No data	No data
2023	$3,979,168	$3,834,244	$7,536,138	$144,924
2022	$3,142,770	$3,432,088	$7,075,682	$-289,318
2021	$3,317,041	$3,263,416	$7,653,378	$53,625
2020	$3,303,871	$3,220,749	$7,520,449	$83,122
2019	$3,079,344	$3,103,973	$7,262,864	$-24,629
2018	$2,861,453	$2,904,377	$7,570,833	$-42,924

SCANDINAVIAN CHARITABLE SOCIETY OF GREATER BOSTON INC