LEIF ERIKSON LODGE 2-001 SONS OF NORWAY (EIN 237525681) - 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

1903

Legal Domicile

Principal Officer

KENNETH BARTANEN

Phone

2067831274

Tax Period

2024-01-01 to 2024-12-31

LEIF ERIKSON LODGE 2-001 SONS OF NORWAY, founded in 1903, is a micro nonprofit that reported $96K in total revenue in fiscal year 2024. Net assets of $897K represent 112 months of operating reserves.

Mission

A FRATERNAL BENEFIT SOCIETY OPERATING UNDER THE LODGE SYSTEM TO MAINTAIN AND PROMOTE NORDIC CUSTOMS, CULTURE AND VALUES.

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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 $15,485

Program Service Revenue $45,980

Investment Income $1,643

Other Revenue $32,893

TOTAL REVENUE $96,001

Expense Breakdown

Grants Paid $4,970

Salaries & Benefits $5,500

Fundraising Expenses $0

Program Expenses $97,398

Other Expenses $86,928

TOTAL EXPENSES $97,398

Year-over-Year Comparison

	2024	2023	Change
Revenue	$96,001	$95,789	+0.0%
Expenses	$97,398	$94,090	+0.0%
Net Income	$-1,397	$1,699	-1.8%

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

$5,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY FORSELIUS	ASST. SECRET	1.00	Officer	$2,300	$0	$2,300
THERESA NILSEN	TREASURER	1.00	Officer	$1,900	$0	$1,900
BETH KOLLE	ASST. MUSICI	1.00	Officer	$1,192	$0	$1,192
EVA PHILIPS	SECRETARY	1.00	Officer	$108	$0	$108
SANDI CONRY	TRUSTEE	1.00	Director	$0	$0	$0
GAIL ENGLER	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS VARNES	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE ANDERSON	HISTORIAN	1.00	Officer	$0	$0	$0
KENNETH BARTANEN	V. PRESIDENT	1.00	Officer	$0	$0	$0
ELLEN BECK	FINANCIAL SE	1.00	Officer	$0	$0	$0
BERNIE BOWERS	ASST. MARSHA	1.00	Officer	$0	$0	$0
KATHY BUHOLM	CULTURAL DIR	1.00	Officer	$0	$0	$0
EVELYN ELLIOTT	CO-YOUTH DIR	1.00	Officer	$0	$0	$0
AN-MAGRITH ERLANDSEN	NORWAY PARK	1.00	Officer	$0	$0	$0
WENDY FORSELIUS	MEMBERSHIP C	1.00	Officer	$0	$0	$0
BARBIE HULL	PUBLICITY DI	1.00	Officer	$0	$0	$0
KNUT-SIGURD KNUTESON	GREETER	1.00	Officer	$0	$0	$0
BETH KOLLE	SECRETARY	1.00	Officer	$0	$0	$0
KATHLEEN LANGE	SPORTS DIREC	1.00	Officer	$0	$0	$0
KATHLEEN LANGE	MUSICIAN	1.00	Officer	$0	$0	$0
SETH MARISTUEN	COUNSELOR	1.00	Officer	$0	$0	$0
PETER NESTINGEN	MARSHALL	1.00	Officer	$0	$0	$0
KARI VAN STANFORD	CO-YOUTH DIR	1.00	Officer	$0	$0	$0
ANDREA TORLAND	GREETER	1.00	Officer	$0	$0	$0
VACANT	SOCIAL DIREC	1.00	Officer	$0	$0	$0
VACANT	PRESIDENT	N/A	Officer	$0	$0	$0
VACANT	SOCIAL DIREC	N/A	Officer	$0	$0	$0
VACANT	FOUNDATION D	N/A	Officer	$0	$0	$0
VACANT	AUDITOR	N/A	Officer	$0	$0	$0
DOUG WARNE	NORWAY PARK	1.00	Officer	$0	$0	$0
ARIANE WESTIN-MCCAW	LIBRARIAN	1.00	Officer	$0	$0	$0
ERIK BJARNE WITZOE	NORWAY PARK	1.00	Officer	$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	$96,001	$97,398	$896,899	$-1,397
2023	$95,789	$94,090	$898,296	$1,699
2022	$96,796	$78,543	$896,597	$18,253
2021	$49,946	$55,691	$878,344	$-5,745
2020	$43,897	$43,796	$884,089	$101

LEIF ERIKSON LODGE 2-001 SONS OF NORWAY