THANKS TO SCANDINAVIA INC

EIN: 136192361 501(c)(3)

NEW YORK, NY

Total Revenue
$415,302
Total Expenses
$654,230
Total Assets
$7,791,776
Net Assets
$7,713,863
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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
1963
Legal Domicile
NY
Principal Officer
LAURIE NETTER SPRAYREGEN
Phone
3478554109
Tax Period
2024-07-01 to 2025-06-30

THANKS TO SCANDINAVIA INC, founded in 1963, is a small nonprofit that reported $415K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $654K exceeded revenue, resulting in a 58% operating deficit.

Mission

THANKS TO SCANDINAVIA, A SCHOLARSHIP FUND, RECOGNIZES THE ORDINARY PEOPLE WHO PERFORMED EXTRAORDINARY ACTS IN SCANDINAVIA AND BULGARIA DURING WWII THAT SAVED TENS OF THOUSANDS OF THEIR JEWISH NEIGHBORS. THANKS TO SCANDINAVIA CELEBRATES THOSE WHO DEMONSTRATED COURAGE, TOLERANCE AND CIVILITY EVEN IN DARK TIMES. TO HONOR THEIR LEGACY, THANKS TO SCANDINAVIA PROVIDES EDUCATIONAL OPPORTUNITIES FOR STUDENTS FROM SCANDINAVIA AND BULGARIA WHO ARE PUSHING THE BOUNDARIES OF KNOWLEDGE AND WORKING TO CREATE POSITIVE CHANGE IN OUR WORLD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $40,983
Program Service Revenue $0
Investment Income $374,013
Other Revenue $306
TOTAL REVENUE $415,302

Expense Breakdown

Grants Paid $460,000
Salaries & Benefits $107,792
Fundraising Expenses $43,642
Program Expenses $527,063
Other Expenses $86,438
TOTAL EXPENSES $654,230

Year-over-Year Comparison

2024 2023 Change
Revenue $415,302 $1,248,453 -0.7%
Expenses $654,230 $507,586 +0.3%
Net Income $-238,928 $740,867 -1.3%
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

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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
9

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
$88,000
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BLOCH DIRECTOR 1.00
Director
$0 $0 $0
REBECCA NEUWIRTH DIRECTOR 1.00
Director
$0 $0 $0
AMIR SHAVIV DIRECTOR 1.00
Director
$0 $0 $0
NANCY PETSCHEK-KOHN DIRECTOR 1.00
Director
$0 $0 $0
ANBJORG KNUTTSON ALUMNI AMBASSADOR 1.00
Director
$0 $0 $0
LAURIE NETTER SPRAYREGEN PRESIDENT 5.00
Officer Director
$0 $0 $0
KIM LARSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ELLEN RACHLIN TREASURER 1.00
Officer Director
$0 $0 $0
RONDA LUBIN SECRETARY 1.00
Officer Director
$0 $0 $0
KELLY RAMOT EXECUTIVE DIRECTOR 20.00
Officer
$88,000 $0 $88,000
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 $415,302 $654,230 $7,791,776 $-238,928
2024 $1,248,453 $507,586 $7,555,466 $740,867
2023 $250,972 $613,858 $6,898,428 $-362,886
2022 $347,896 $448,767 $6,905,836 $-100,871
2021 $937,106 $415,793 $8,427,332 $521,313
2020 $214,954 $532,868 $7,179,106 $-317,914
2019 $579,865 $514,319 $7,050,893 $65,546
2018 $359,091 $453,616 $7,011,652 $-94,525
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