FINNISH CENTER ASSOCIATION (EIN 237246811) - 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

1966

Legal Domicile

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

PROMOTING THE PRESERVATION OF THE FINNISH AND FINNISH-AMERICAN 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 (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

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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

$7,005

Total Directors

$7,005

Key Employees

Highest Compensated

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

FINNISH CENTER ASSOCIATION