SONS OF NORWAY

EIN: 237525702

ISELIN, NJ

Total Revenue
$686,711
Total Expenses
$43,255
Total Assets
$647,502
Net Assets
$647,502
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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
1940
Legal Domicile
NJ
Principal Officer
DIANA SYVERTSEN
Phone
3212466237
Tax Period
2023-01-01 to 2023-12-31

SONS OF NORWAY, founded in 1940, is a small nonprofit that reported $687K in total revenue in fiscal year 2023. The organization ran a surplus of $643K, a strong 94% operating margin.

Mission

THE ORGANIZATION RECEIVES FUNDS TO PROVIDE INDIVIDUALS WITH PROGRAMS AND ACTIVITIES TO LEARN OF THE NORWEIGN CULTURE AND 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $337
Program Service Revenue $1,341
Investment Income $712
Other Revenue $684,321
TOTAL REVENUE $686,711

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $43,255
TOTAL EXPENSES $43,255

Year-over-Year Comparison

2023 2022 Change
Revenue $686,711 N/A N/A
Expenses $43,255 N/A N/A
Net Income $643,456 N/A N/A
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA BENSEN PRESDIENT 0.50
Officer Director
$0 $0 $0
CHRISTINE BREMSETH VICE PRESIDE 0.50
Officer Director
$0 $0 $0
ELIZABETH SEYDELL SECRETARY 0.50
Officer Director
$0 $0 $0
DIANA SYVERTSEN TREASURER 0.50
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 $686,711 $43,255 $647,502 $643,456
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