Norway-Vulcan Senior Citizens Center Inc (EIN 382011284) - 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

1968

Legal Domicile

Principal Officer

Nancy Haferkorn

Phone

9065638716

Tax Period

2024-01-01 to 2024-12-31

Norway-Vulcan Senior Citizens Center Inc, founded in 1968, is a small nonprofit that reported $233K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $42K, a strong 18% operating margin.

Mission

Coordinating programs which promote and safeguard the independence and well being of the senior cititzens of Dickinson County

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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 $2,736

Program Service Revenue $227,792

Investment Income $1,834

Other Revenue $948

TOTAL REVENUE $233,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,727

Fundraising Expenses $4

Program Expenses $189,355

Other Expenses $108,686

TOTAL EXPENSES $191,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$233,310	$215,340	+0.1%
Expenses	$191,413	$194,283	0.0%
Net Income	$41,897	$21,057	+1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jean Marcell	Chairperson	0.50	Officer	$0	$0	$0
Nancy Haferkorn	Secretary / Treasurer	2.00	Officer	$0	$0	$0
Lois Hogberg	Director	0.50	Director	$0	$0	$0
Sharon Tappy	Director	0.50	Director	$0	$0	$0
Joanne Driedric	Director	0.50	Director	$0	$0	$0
Marlea Youngs	Director	0.50	Director	$0	$0	$0
Fred Antonissen	Director	0.50	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	$233,310	$191,413	$322,396	$41,897
2023	$215,340	$194,283	$279,768	$21,057
2023	$215,340	$194,283	$279,768	$21,057
2022	$203,546	$180,988	$259,659	$22,558
2021	$205,274	$163,711	$236,665	$41,563

Norway-Vulcan Senior Citizens Center Inc