THE NORWEGIAN AMERICAN CHAMBER OF COMMERCE INCORPORATED

EIN: 131605825

NEW YORK, NY

Total Revenue
$138,869
Total Expenses
$143,236
Total Assets
$234,357
Net Assets
$201,857
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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
1915
Legal Domicile
NY
Principal Officer
LIVE SLETTEN DIAKOLIOS
Phone
6468831760
Tax Period
2019-01-01 to 2019-12-31

THE NORWEGIAN AMERICAN CHAMBER OF COMMERCE INCORPORATED, founded in 1915, is a small nonprofit that reported $139K in total revenue in fiscal year 2019. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSES OF THE NORWEGIAN AMERICAN CHAMBER OF COMMERCE, INCORPORATED (THE CORPORATION) SHALL BE TO PROMOTE TRADE AND GOODWILL AND TO FOSTER BUSINESS, FINANCIAL AND PROFESSIONAL INTERESTS BETWEEN NORWAY AND THE UNITED STATES OF AMERICA, TO ADVANCE THE COMMON PURPOSES OF ITS MEMBERS, AND FACILITATE CONTACTS AMONG ITS MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $121,112 Revenue: $133,784

MEMBER ACTIVITIES SUCH AS LUNCHEONS ARE COORDINATED NATIONWIDE. THESE ACTIVITIES PROMOTE BUSINESS BETWEEN NORWAY AND THE U.S. AND BRING TOGETHER VARIOUS MEMBERS OF THE NORWEGIAN-AMERICAN COMMUNITY TO...

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MEMBER ACTIVITIES SUCH AS LUNCHEONS ARE COORDINATED NATIONWIDE. THESE ACTIVITIES PROMOTE BUSINESS BETWEEN NORWAY AND THE U.S. AND BRING TOGETHER VARIOUS MEMBERS OF THE NORWEGIAN-AMERICAN COMMUNITY TO FACILIATE BUSINESS.

Program 2

PUBLICATION OF DIRECTORY-ORGANIZATION PUBLISHES ANNUAL DIRECTORY OF ALL MEMBERS WHICH IS DISTRIBUTED TO MEMBERS. FOSTERS COMMUNIATION AMUNG MEMBERS IN ORDER TO CARRY OUT ORGANIZATION'S ACTIVITIES.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $97,006
Program Service Revenue $36,778
Investment Income $85
Other Revenue $5,000
TOTAL REVENUE $138,869

Expense Breakdown

Grants Paid $0
Salaries & Benefits $104,723
Fundraising Expenses $0
Program Expenses $121,112
Other Expenses $38,513
TOTAL EXPENSES $143,236

Year-over-Year Comparison

2019 2018 Change
Revenue $138,869 $180,626 -0.2%
Expenses $143,236 $234,647 -0.4%
Net Income $-4,367 $-54,021 -0.9%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
2
Volunteers
N/A

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
5
$69,583
Total Directors
1
$69,583
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LIVE SLETTEN DIAKOLIOS EXECUTIVE DI 40.00
Officer Director
$69,583 $0 $69,583
W CAMERON BAIRD PRESIDENT 1.00
Officer
$0 $0 $0
JOHN BENSON TREASURER 1.00
Officer
$0 $0 $0
STEVEN PERI VICE PRESIDE 1.00
Officer
$0 $0 $0
JOVI TENEX SECRETARY 1.00
Officer
$0 $0 $0
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
2019 $138,869 $143,236 $234,357 $-4,367
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