FINNISH CENTER ASSOCIATION

EIN: 237246811 501(c)(3) Arts, Culture & Humanities

FARMINGTON HILLS, MI

Total Revenue
$189,699
Total Expenses
$129,729
Total Assets
$557,874
Net Assets
$548,514
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
MI
Principal Officer
CHRISTINE MANNINEN
Phone
2484786939
Tax Period
2023-01-01 to 2023-12-31

FINNISH CENTER ASSOCIATION, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $190K in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $60K, a strong 32% operating margin.

Mission

THE FINNISH CENTER ASSOCIATION IS DEDICATED TO PROMOTING THE PRESERVATION OF THE FINNISH AND FINNISH-AMERICAN CULTURE BY OFFERING ITS MEMBERS A WIDE VARIETY OF OPPORTUNITY TO IMMERSE THEMSELVES IN THE FINNISH CULTURE. IN ORDER TO CONTINUE THE LONG-STANDING FINNISH FOCUS ON EDUCATION, COLLEGIATE SCHOLARSHIPS AND EDUCATIONAL GRANTS ARE MADE AVAILABLE ON AN ANNUAL BASIS.

Program Service Accomplishments

Program 1
Expenses: $96,679 Revenue: $63,509

LANGUAGE CLASSES, WEAVING, FOLK DANCING, SINGING, COOKING, AND DRAMA INSTRUCTION. FOLK DANCING, SINGING AND COKING DONE REGULARLY DURING THE YEAR. FOLKDANCING, SINGING AND COOKING DONE ON A REGULAR...

Read more

LANGUAGE CLASSES, WEAVING, FOLK DANCING, SINGING, COOKING, AND DRAMA INSTRUCTION. FOLK DANCING, SINGING AND COKING DONE REGULARLY DURING THE YEAR. FOLKDANCING, SINGING AND COOKING DONE ON A REGULAR BASIS, CULTURAL HOLIDAY CELEBRATIONS, SUCH AS VAPPU (CELEBRATION OF SPRING), JUHANNUS (MIDSUMMER), PIKKUJOULU (XMAS) AND FINNISH INDEPENDENCE AS WELL AS SCANDINAVIAN HOLIDAY MARKET.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $90,311
Program Service Revenue $46,663
Investment Income $0
Other Revenue $52,725
TOTAL REVENUE $189,699

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,005
Fundraising Expenses $11,592
Program Expenses $96,679
Other Expenses $122,724
TOTAL EXPENSES $129,729

Year-over-Year Comparison

2023 2022 Change
Revenue $189,699 $105,066 +0.8%
Expenses $129,729 $156,584 -0.2%
Net Income $59,970 $-51,518 -2.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
45

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
6
$7,005
Total Directors
12
$7,005
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINA LOVGREN TREASURER 1.00
Officer Director
$7,005 $0 $7,005
JANET SUOMI DIRECTOR 1.00
Director
$0 $0 $0
ED O'BRIEN DIRECTOR 1.00
Director
$0 $0 $0
JERRY COLLINS DIRECTOR 1.00
Director
$0 $0 $0
LINDA POIRIER SECRETARY/ASST. TREASURER/DIRECTOR 1.00
Director
$0 $0 $0
IRENE LAMANEN DIRECTOR 1.00
Director
$0 $0 $0
JAMES LEE DIRECTOR (ENDED 2/23) 1.00
Director
$0 $0 $0
SHERRILL TEDFORD DIRECTOR/SECRETARY 1.00
Officer Director
$0 $0 $0
MIA LAMMINEN ASST. TREASURER 1.00
Officer Director
$0 $0 $0
KATHRYN HILL VICE CHAIR 1.00
Officer Director
$0 $0 $0
ROGER WANTTAJA CO-CHAIR 1.00
Officer Director
$0 $0 $0
CHRISTINE MANNINEN CO-CHAIR 1.00
Officer 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 $189,699 $129,729 $557,874 $59,970
2022 $105,066 $156,584 $524,522 $-51,518
2021 $67,943 $123,200 $596,873 $-55,257
2020 $70,439 $125,068 $618,006 $-54,629
2019 $238,889 $182,318 $679,029 $56,571
2018 $215,257 $188,928 $628,231 $26,329
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare FINNISH CENTER ASSOCIATION with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.