NORWEGIAN AMERICAN GENEALOGICAL CENTER (EIN 352282921) - 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

2007

Legal Domicile

Principal Officer

DANA KELLY

Phone

6082552224

Tax Period

2023-01-01 to 2023-12-31

NORWEGIAN AMERICAN GENEALOGICAL CENTER, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $472K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $84K, a strong 18% operating margin.

Mission

THE NORWEGIAN AMERICAN GENEALOGICAL CENTER IS AN EDUCATIONAL NON-PROFIT RESEARCH CENTER WITH NATIONAL AND INTERNATIONAL SCOPE. THE CENTER COLLECTS, PRESERVES, SHARES, AND INTERPRETS RESOURCES FOR THE STUDY OF NORWEGIAN 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 $240,650

Program Service Revenue $52,751

Investment Income $179,383

Other Revenue $-479

TOTAL REVENUE $472,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,911

Fundraising Expenses $30,158

Program Expenses $181,146

Other Expenses $166,574

TOTAL EXPENSES $388,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$472,305	$429,402	+0.1%
Expenses	$388,485	$346,239	+0.1%
Net Income	$83,820	$83,163	+0.0%

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

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

$66,664

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT JOHNSON	CHAIRMAN	15.00	Officer Director	$0	$0	$0
GARY SMITHBACK	VICE CHAIR	10.00	Officer Director	$0	$0	$0
KEN LARSON	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT FOSSUM	SECRETARY	2.00	Officer Director	$0	$0	$0
CRAIG GJERDE	MEMBER	1.00	Director	$0	$0	$0
ROLF KILLINGSTAD	MEMBER	1.00	Director	$0	$0	$0
ANN LEON	MEMBER	1.00	Director	$0	$0	$0
MARG LISTUG	MEMBER	1.00	Director	$0	$0	$0
CHRISTINE MILLIGAN-CHIA	MEMBER	1.00	Director	$0	$0	$0
PEDER MOREN	MEMBER	1.00	Director	$0	$0	$0
TOM SOLHEIM	MEMBER	1.00	Director	$0	$0	$0
ELLEN SMITHBACK	MEMBER	1.00	Director	$0	$0	$0
DANA KELLY	EXECUTIVE DIRECTOR	40.00	Officer	$58,573	$8,091	$66,664

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	$472,305	$388,485	$3,615,734	$83,820
2022	$429,402	$346,239	$3,326,627	$83,163
2021	$627,456	$389,501	$3,844,464	$237,955
2020	$368,358	$301,553	$3,438,561	$66,805
2019	$625,982	$312,830	$3,122,948	$313,152
2018	$366,754	$233,482	$2,452,307	$133,272

NORWEGIAN AMERICAN GENEALOGICAL CENTER