INDEPENDENT ORDER OF VIKINGS

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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

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) OPERATES TO BENEFIT ITS MEMBERS UNDER THE LODGE SYSTEM. THE IOV COLLECTS INDIVIDUAL ASSESSMENT PREMIUMS FROM ITS MEMBERS FOR THE PURPOSE OF PAYING LIFE INSURANCE OR OTHER BENEFITS AND MAINTAINING A SOLVENT LEGAL RESERVE SYSTEM.

Program Service Accomplishments

Program 1

THE INDEPENDENT ORDER OF VIKINGS (IOV) IS A FRATERNAL BENEFIT SOCIETY EXEMPT UNDER SECTION 501(C)(8) OF THE INTERNAL REVENUE CODE. THE IOV OPERATES TO BENEFIT ITS MEMBERS UNDER THE LODGE SYSTEM. THE IOV COLLECTS INDIVIDUAL ASSESSMENT PREMIUMS FROM ITS MEMBERS FOR THE PURPOSE OF PAYING LIFE INSURANCE OR OTHER BENEFITS AND MAINTAINING A SOLVENT LEGAL RESERVE SYSTEM.

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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 (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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$1,475

Total Directors

$2,150

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
EIVOR BRITT-LOUISE HICHUE	GRAND SECRETARY	Officer Director	$500	$0	$500
RODNEY WAYNE OTTUM	VICE GRAND CHIEF	Officer Director	$350	$0	$350
MELINDA RAE WORDEN	GRAND CHIEF	Officer Director	$300	$0	$300
THOMAS RICHARD JANDT	GRAND TREASURER	Officer Director	$175	$0	$175
MARY BETH LISKEY	DIRECTOR/TRUSTEE	Director	$175	$0	$175
WILLIAM HERBERT SCHAEFER	JR. PAST GRAND CHIEF	Officer Director	$150	$0	$150
ROBERT HALLEY GRINNELL	DIRECTOR/TRUSTEE	Director	$100	$0	$100
BRYAN RICHARD NELSON	DIRECTOR/TRUSTEE	Director	$100	$0	$100
JANE BEVERLY RUSSELL FOSBERG	DIRECTOR/TRUSTEE	Director	$100	$0	$100
MARGARET ANN SCHAEFER	DIRECTOR/TRUSTEE	Director	$100	$0	$100
WILLIAM ARTHUR PETERSON	DIRECTOR/TRUSTEE	Director	$50	$0	$50
STEVE ANTHONY KOSTHORST	DIRECTOR/TRUSTEE	Director	$50	$0	$50
ROBERT DALE GREENWALD	DIRECTOR/TRUSTEE	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