THE FINLANDIA FOUNDATION NEW YORK … - 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

1954

Legal Domicile

Principal Officer

EERO KILPI

Phone

9145008541

Tax Period

2025-01-01 to 2025-12-31

THE FINLANDIA FOUNDATION NEW YORK METROPOLITAN CHAPTER INC, founded in 1954, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $100K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $91K left a modest 8% surplus.

Mission

SUPPORT, PRESERVE AND CULTIVATE FINNISH CULTURE IN THE UNITED STATES.

Program Service Accomplishments

Program 1

Expenses: $36,244 Revenue: $27,278

THE FINNISH SCHOOL IS AN EXTRACURRICULAR PROGRAM GEARED TOWARDS THE CHILDREN OF FFNYMC MEMBERS. THE AIM IS TO PRESERVE THE FINNISH HERITAGE AND LANGUAGE AND THE UNIQUE TRADITIONS OF FINNISH CULTURE.

Program 2

Expenses: $31,850

PROVIDES SCHOLARSHIPS TO INDIVIDUALS IN ACCORDANCE WITH THE PROGRAM FUND. THIREEN SCHOLARSHIPS WERE GIVEN TO INDIVIDUALS TO STUDY IN UNITED STATES ACCREDITED INSTITUTIONS AND EIGHT GRANTS WERE...

PROVIDES SCHOLARSHIPS TO INDIVIDUALS IN ACCORDANCE WITH THE PROGRAM FUND. THIREEN SCHOLARSHIPS WERE GIVEN TO INDIVIDUALS TO STUDY IN UNITED STATES ACCREDITED INSTITUTIONS AND EIGHT GRANTS WERE AWARDED.

Program 3

Expenses: $2,623

MEMBERSHIP MEETINGS INFORMING THE PUBLIC OF FINNISH CULTURE.

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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 $38,167

Program Service Revenue $27,278

Investment Income $31,079

Other Revenue $3,216

TOTAL REVENUE $99,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,195

Fundraising Expenses $0

Program Expenses $70,717

Other Expenses $72,300

TOTAL EXPENSES $91,495

Year-over-Year Comparison

	2025	2024	Change
Revenue	$99,740	$90,813	+0.1%
Expenses	$91,495	$90,039	+0.0%
Net Income	$8,245	$774	+9.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EERO KILPI	PRESIDENT	3.00	Officer Director	$0	$0	$0
PAULA HOFFREN	TREASURER	3.00	Officer Director	$0	$0	$0
MARIA MAKELA	SENIOR VICE-PRESIDENT	3.00	Officer Director	$0	$0	$0
SIRKKA MCMENAMIN	SECRETARY	3.00	Officer Director	$0	$0	$0
RACHEL HAMALAINEN	DIRECTOR	3.00	Director	$0	$0	$0
HENRIKKI HARSU	DIRECTOR	3.00	Director	$0	$0	$0
JUDY KASKE-CIRIGLIANO	DIRECTOR	3.00	Director	$0	$0	$0
SANNA LEMMETTI	DIRECTOR	3.00	Director	$0	$0	$0
KAIJA CALDARA	DIRECTOR	3.00	Director	$0	$0	$0
MIKKO PELTONIEMI	DIRECTOR	3.00	Director	$0	$0	$0
MIKAELA ABRAHAM	DIRECTOR	3.00	Director	$0	$0	$0
VIRVE DEUTSCH	DIRECTOR	3.00	Director	$0	$0	$0
SUSANNA ANSALA-FRAQIAS	DIRECTOR	3.00	Director	$0	$0	$0
ANYA PECK	DIRECTOR	3.00	Director	$0	$0	$0
MINNA MALINEN-RABUS	DIRECTOR	3.00	Director	$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
2025	$99,740	$91,495	$874,864	$8,245
2024	$90,813	$90,039	$815,378	$774
2023	$118,433	$84,279	$770,351	$34,154
2022	$74,473	$92,461	$685,731	$-17,988
2021	$144,049	$80,909	$779,631	$63,140
2020	$4,264	$19,113	$731,126	$-14,849
2019	$50,418	$38,579	$802,093	$11,839
2018	$28,255	$39,575	$693,337	$-11,320

THE FINLANDIA FOUNDATION NEW YORK METROPOLITAN CHAPTER INC