INDEPENDENT ORDER OF VIKINGS

EIN: 361260620

Lansing, MI

Total Revenue
$62,891
Total Expenses
$108,831
Total Assets
N/A
Net Assets
N/A
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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
1895
Legal Domicile
IL
Principal Officer
DOUGLAS ULRICH
Phone
2626543384
Tax Period
2022-01-01 to 2022-06-30

INDEPENDENT ORDER OF VIKINGS, founded in 1895, is a micro nonprofit that reported $63K in total revenue in fiscal year 2022. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $109K exceeded revenue, resulting in a 73% operating deficit.

Mission

THE INDEPENDENT ORDER OF VIKINGS (IOV) IS A FRATERNAL BENEFIT SOCIETY EXEMPT UNDER SECTION 501(C)(8) OF THE INTERNAL REVENUE CODE. (CONTINUED ON SCHEDULE O, STATEMENT 1)

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $52,681
Investment Income $10,210
Other Revenue $0
TOTAL REVENUE $62,891

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,000
Fundraising Expenses $0
Other Expenses $68,087
TOTAL EXPENSES $108,831

Year-over-Year Comparison

2022 2021 Change
Revenue $62,891 $82,218 -0.2%
Expenses $108,831 $262,820 -0.6%
Net Income $-45,940 $-180,602 -0.7%
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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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
N/A

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
$1,475
Total Directors
13
$2,150
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EIVOR BRITT-LOUISE HICHUE GRAND SECRETARY 0.0
Officer Director
$500 $0 $500
RODNEY WAYNE OTTUM VICE GRAND CHIEF 0.0
Officer Director
$350 $0 $350
MELINDA RAE WORDEN GRAND CHIEF 0.0
Officer Director
$300 $0 $300
THOMAS RICHARD JANDT GRAND TREASURER 0.0
Officer Director
$175 $0 $175
MARY BETH LISKEY DIRECTOR/TRUSTEE 0.0
Director
$175 $0 $175
WILLIAM HERBERT SCHAEFER JR. PAST GRAND CHIEF 0.0
Officer Director
$150 $0 $150
ROBERT HALLEY GRINNELL DIRECTOR/TRUSTEE 0.0
Director
$100 $0 $100
BRYAN RICHARD NELSON DIRECTOR/TRUSTEE 0.0
Director
$100 $0 $100
JANE BEVERLY RUSSELL FOSBERG DIRECTOR/TRUSTEE 0.0
Director
$100 $0 $100
MARGARET ANN SCHAEFER DIRECTOR/TRUSTEE 0.0
Director
$100 $0 $100
WILLIAM ARTHUR PETERSON DIRECTOR/TRUSTEE 0.0
Director
$50 $0 $50
STEVE ANTHONY KOSTHORST DIRECTOR/TRUSTEE 0.0
Director
$50 $0 $50
ROBERT DALE GREENWALD DIRECTOR/TRUSTEE 0.0
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
2022 $62,891 $108,831 No data $-45,940
2021 $82,218 $262,820 $1,374,526 $-180,602
2020 $95,155 $341,129 $1,548,098 $-245,974
2019 $112,386 $287,892 $1,754,211 $-175,506
2018 $108,803 $371,124 $1,972,378 $-262,321
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