MADISON TORSKE KLUBBEN FOUNDATION INC (EIN 203802831) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

RYAN ANDERSON

Phone

6085752559

Tax Period

2023-01-01 to 2023-12-31

MADISON TORSKE KLUBBEN FOUNDATION INC, founded in 2005, is a small nonprofit in the Recreation & Sports sector that reported $126K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71K, a strong 57% operating margin.

Mission

STUDY, EDUCATION, EXPANSION OF NORWEGIAN HERITAGE

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,050

Program Service Revenue $0

Investment Income $119,785

Other Revenue $0

TOTAL REVENUE $125,835

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,550

Other Expenses $4,550

TOTAL EXPENSES $54,550

Year-over-Year Comparison

	2023	2022	Change
Revenue	$125,835	$100,733	+0.2%
Expenses	$54,550	$50,000	+0.1%
Net Income	$71,285	$50,733	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES RIORDAN	PRESIDENT	3.00	Officer Director	$0	$0	$0
RYAN ANDERSON	TREASURER	3.00	Officer Director	$0	$0	$0
RANDY LEBAKKEN	SECRETARY	3.00	Officer Director	$0	$0	$0
PAUL LARSON	BOARD MEMBER	0.50	Director	$0	$0	$0
PAAL LONNEBOTN	BOARD MEMBER	0.50	Director	$0	$0	$0
HOWARD MARTIN	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN THOMPSON	BOARD MEMBER	0.50	Director	$0	$0	$0
RAY WEIHOFEN	BOARD MEMBER	0.50	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
2024	No data	No data	No data	No data
2023	$125,835	$54,550	$1,757,476	$71,285
2022	$100,733	$50,000	$1,563,239	$50,733
2021	$203,122	$100,800	$1,834,994	$102,322
2020	$31,323	$750	$1,565,433	$30,573
2019	$63,607	$36,368	$1,425,425	$27,239
2018	$45,431	$40,089	$1,169,299	$5,342

MADISON TORSKE KLUBBEN FOUNDATION INC