VASA ORDER OF AMERICA 8 LAKE MICHI… - 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

1896

Legal Domicile

Principal Officer

LINDA CHRISTENSEN

Phone

3175067900

Tax Period

2024-01-01 to 2024-12-31

VASA ORDER OF AMERICA 8 LAKE MICHIGAN DIST LODGE, founded in 1896, is a small nonprofit that reported $160K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $78K, a strong 49% operating margin.

Mission

THE MISSION IS TO PERPETUATE THE NOBLE HERITAGE OF OUR FOREFATHERS AND FOSTER NORDIC CULTURAL ACTIVITIES BY ENCOURAGEMENT AND REPUTATION OF ITS PEOPLE. WE ARE A DISTRICT LODGE OF THE VASA ORDER OF AMERICA, A FRATERNAL SOCIETY ORIGINALLY ESTABLISHED FOR THE BENEFIT OF SWEDISH IMMIGRANTS MORE THAN A CENTURY AGO, BUT NOW DEDICATED TO PRESERVING AND SHARING OUR SWEDISH AND NORDIC CULTURE AND HERITAGE.

Program Service Accomplishments

Program 1

DUES AND ASSESSMENTS ARE USED TO PAY BENEFITS TO MEMBERS AND PROMOTE SOCIAL ANDINTELLECTUAL ACTIVITIES IN ORDER TO PRESERVE THE ETHNIC HERITAGE OF THE MEMBERS. ACTIVITIES OF THE ORGANIZATION INCLUDE ASSISTING YOUNGER GENERATIONS IN THE AIMS AND PURPOSES OF THE ORDER BY SUPPORTING THE INSTITUTION AND PROGRESS OF CHILDREN AND YOUTH CLUBS WITHIN THE ORDER. THE ORGANIZATION CREATES AND MAINTAINS FUNDS FOR FINANCIAL RELIEF TO MEMBERS IN NEED, THOSE ACTIVELY ENGAGED IN PURSUIT OF HIGHER EDUCATION, AND FOR USES TOWARDS CAUSES FOR THE BETTERMENT OF HUMAN LIFE AND EXISTENCE. THE ORGANIZATION HELPS TO MAINTAIN THE NATIONAL ARCHIVES. THE PURPOSE OF THE NATIONAL ARCHIVES IS FOR EDUCATIONAL, HISTORICAL AND RESEARCH; TO PRESERVE AND DISPLAY AND MAKE AVAILABLE RECORDS, DOCUMENTS, WORKS OF ART, SCIENCE, INVENTIONS AND MANUFACTURE BY PERSONS OF SWEDISH ANCESTRY AND TO PROMOTE PUBLIC KNOWLEDGE OF AN INTEREST IN THE HISTORY OF PERSONS OF SCANDINAVIAN AND PARTICULARLY SWEDISH ANCESTRY. THE MAIN PURPOSE IS TO PRESERVE THE RECORDS OF THE VASA ORDER OF AMERICA AND ITS MEMBERS. THERE IS A FAMILY REGISTER WHERE ALL VASA MEMBERS AND THEIR FAMILIES ARE CHRONICLED. THE COMPLETION OF THE REGISTER WILL BE AN IMPORTANT PHASE OF OUR ARCHIVE ACTIVITY. IT WILL SERVE FUTURE GENERATIONS IN THEIR SEARCH FOR ANCESTRY. RECORDS, MANUSCRIPTS AND LITERATURE ARE NOT PARTICULARLY EXCITING TO VIEW IF A PERSON IS NOT DIRECTLY INTERESTED IN RESEARCHING SUCH MATERIAL. AS OF THE CONVENTION, THE ORGAINZATION HAD 732 MEMBERS. 67 OF THESE MEMBERS WERE DELEGATES AND OFFICERS FROM THE FAMILY REGISTER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,302

Investment Income $65,246

Other Revenue $82,470

TOTAL REVENUE $160,018

Expense Breakdown

Grants Paid $16,650

Salaries & Benefits $2,098

Fundraising Expenses $0

Other Expenses $63,370

TOTAL EXPENSES $82,118

Year-over-Year Comparison

	2024	2023	Change
Revenue	$160,018	$140,437	+0.1%
Expenses	$82,118	$73,954	+0.1%
Net Income	$77,900	$66,483	+0.2%

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

350

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

$1,998

Total Directors

$2,098

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM OGRENTZ	DISTRICT MASTER	10.00	Officer Director	$200	$0	$200
KATIE WESTLUND-PONTON	VICE DISTRICT MASTER	10.00	Officer Director	$100	$0	$100
LOIS KLUBENS	DISTRICT SECRETARY	23.00	Officer Director	$599	$0	$599
LINNEA OGRENTZ	VICE DISTRICT SECRETARY	10.00	Officer Director	$300	$0	$300
LINDA CHRISTENSEN	DISTRICT TREASURER	10.00	Officer Director	$599	$0	$599
LINDA TYLK	DISTRICT HOSPITAL FUND SECRETARY	5.00	Officer Director	$100	$0	$100
LYNDA SMITH	DIST. SUPVIS. OF CHILDREN'S CLUBS	10.00	Officer Director	$100	$0	$100
HOLLY JENSEN	DISTRICT CULTURAL LEADER	10.00	Director	$100	$0	$100
JAMES PELZMAN	DISTRICT EXECUTIVE BOARD	3.00	Director	$0	$0	$0
GLENN CARLSTRAND	DISTRICT EXECUTIVE BOARD	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
2024	$160,018	$82,118	$1,317,903	$77,900
2023	$140,437	$73,954	$1,311,849	$66,483
2022	$145,380	$76,001	$1,238,443	$69,379
2021	$70,274	$43,914	$1,500,447	$26,360
2020	$92,347	$45,811	$1,415,344	$46,536
2018	$95,091	$99,343	$1,400,639	$-4,252

VASA ORDER OF AMERICA 8 LAKE MICHIGAN DIST LODGE