THE SCANDINAVIAN CULTURAL CENTER A… - 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

1995

Legal Domicile

Principal Officer

PIA G SCHEFFELAAR KLOTS

Phone

6179650621

Tax Period

2025-01-01 to 2025-12-31

THE SCANDINAVIAN CULTURAL CENTER AND LIBRARY INC, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $227K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $193K left a modest 15% surplus.

Mission

THE SCANDINAVIAN CULTURAL CENTER AND LIBRARY'S MISSION IS TO CURATE AND CELEBRATE THE RICH TAPESTRY OF NORDIC ARTS, CULTURE, AND LITERATURE TO THE PEOPLE OF THE BOSTON AREA AND BEYOND.

Program Service Accomplishments

Program 1

Expenses: $193,489 Revenue: $117,733

THE SCANDINAVIAN CULTURAL CENTER & LIBRARY OFFERS EVERYONE INTERESTED IN THE NORDIC COUNTRIES AN OPPORTUNITY TO EXPERIENCE THE NORDIC CULTURES THROUGH EVENTS, ARTS, MUSIC, CINEMA, LITERATURE, AND...

THE SCANDINAVIAN CULTURAL CENTER & LIBRARY OFFERS EVERYONE INTERESTED IN THE NORDIC COUNTRIES AN OPPORTUNITY TO EXPERIENCE THE NORDIC CULTURES THROUGH EVENTS, ARTS, MUSIC, CINEMA, LITERATURE, AND FOOD. SCC&L MAIN SOURCE OF INCOME FROM PROGRAMS ARE:1) CAFE SERVING SCANDINAVIAN FOOD AND BAKED GOODS2) EVENTS FOCUSED ON NORDIC CULTURE (DURING SEASON WE HAVE AN EVENT ALMOST EVERY SATURDAY, SOME SMALL, SOME LARGER SUCH AS MOVIES, CONCERTS, AUTHOR READINGS, EVENTS FOR CHILDREN, ETC.)3) MAINTAINING A NORDIC LIBRARY AND LENDING SERVICES

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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 $94,416

Program Service Revenue $117,733

Investment Income $13,055

Other Revenue $1,595

TOTAL REVENUE $226,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,622

Fundraising Expenses $0

Program Expenses $193,489

Other Expenses $55,867

TOTAL EXPENSES $193,489

Year-over-Year Comparison

	2025	2024	Change
Revenue	$226,799	$206,477	+0.1%
Expenses	$193,489	$181,713	+0.1%
Net Income	$33,310	$24,764	+0.3%

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

N/A

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

$101,279

Total Directors

$4,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PIA SCHEFFELAAR KLOTS	TREASURER/ PRESIDENT	0.50	Officer Director	$0	$0	$0
MAGNUS SNORRASON	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
LIISA HELINA CHANOFF	CLERK	0.50	Officer Director	$0	$0	$0
LISE ROSLAND	DIRECTOR	5.00	Director	$4,400	$0	$4,400
ANNETTE JOHANSSON LOS	DIRECTOR	0.50	Director	$0	$0	$0
ANNELI STRANDBERG	DIRECTOR	0.50	Director	$0	$0	$0
TRYGGVE FOSSUM	DIRECTOR	0.50	Director	$0	$0	$0
BJORN STEFFENSEN	DIRECTOR (SINCE MAR '25)	0.50	Director	$0	$0	$0
KERRY ANN LAVIN	EXECUTIVE DIRECTOR	40.00	Officer	$97,146	$4,133	$101,279

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	$226,799	$193,489	$173,610	$33,310
2024	No data	No data	No data	No data

THE SCANDINAVIAN CULTURAL CENTER AND LIBRARY INC