SWEDISH AMERICAN MUSEUM ASSOCIATION OF CHICAGO (EIN 363107115) - 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

1977

Legal Domicile

Principal Officer

KARIN MOEN ABERCROMBIE

Phone

7737288111

Tax Period

2024-01-01 to 2024-12-31

SWEDISH AMERICAN MUSEUM ASSOCIATION OF CHICAGO, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $6.0M represent 70 months of operating reserves.

Mission

THROUGH ITS ARTS AND EDUCATIONAL PROGRAMS AND ITS PERMANENT COLLECTION, THE SWEDISH AMERICAN MUSEUM INTERPRETS THE IMMIGRANT EXPERIENCE FOR CHILDREN AND ADULTS AND PROMOTES AN APPRECIATION OF CONTEMPORARY SWEDISH-AMERICAN CULTURE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $676,946

Program Service Revenue $167,370

Investment Income $55,522

Other Revenue $126,719

TOTAL REVENUE $1,026,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $412,377

Fundraising Expenses $114,411

Program Expenses $841,594

Other Expenses $703,005

TOTAL EXPENSES $1,115,382

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,026,557	$1,336,575	-0.2%
Expenses	$1,115,382	$995,347	+0.1%
Net Income	$-88,825	$341,228	-1.3%

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

160

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

$113,616

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAMS KEVIN	BOARD VICE-CHAIR (THRU APR 24)	2.00	Officer Director	$0	$0	$0
JOHNSON BRIAN	BOARD VICE-CHAIR (BEGAN APR 24)	2.00	Officer Director	$0	$0	$0
ENGSTROM PATEL ANNA	TREASURER	2.00	Officer Director	$0	$0	$0
GOULDING GUNILLA	SECRETARY	2.00	Officer Director	$0	$0	$0
ARONSON CAROLYN	BOARD MEMBER	2.00	Director	$0	$0	$0
ARONSSON GORAN	BOARD MEMBER (THRU AUG 24)	2.00	Director	$0	$0	$0
CARLSON-REESE LAURALEE	BOARD MEMBER	2.00	Director	$0	$0	$0
DEBNER JENNIFER	BOARD MEMBER	2.00	Director	$0	$0	$0
GERBER ULLA-BRITT	BOARD MEMBER	2.00	Director	$0	$0	$0
KOLB JOHN	BOARD MEMBER	2.00	Director	$0	$0	$0
PIERCE MINDY	BOARD MEMBER	2.00	Director	$0	$0	$0
WEIDEMANIS MAGI ANNE	BOARD MEMBER	2.00	Director	$0	$0	$0
ABERCROMBIE KARIN	EXECUTIVE DIRECTOR	40.00	Officer	$113,616	$0	$113,616
THORBJORNSEN-COATES JOY	BOARD CHAIR	2.00	Officer	$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	$1,026,557	$1,115,382	$7,227,780	$-88,825
2023	$1,336,575	$995,347	$7,053,021	$341,228
2022	$848,783	$891,905	$6,450,840	$-43,122
2021	$1,391,909	$772,819	$6,790,597	$619,090
2020	$1,419,397	$765,115	$6,031,461	$654,282
2019	$758,964	$847,039	$5,492,120	$-88,075
2018	$848,881	$815,806	$5,473,782	$33,075

SWEDISH AMERICAN MUSEUM ASSOCIATION OF CHICAGO