SONS OF NORWAY

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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

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.

Program Service Accomplishments

Program 1

PROGRAMS AND ACTIVITIES TO LEARN OF THE NORWEGIAN 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%)

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

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

Total Directors

Key Employees

Highest Compensated

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