MIDWEST INSTITUTE OF SCANDINAVIAN CULTURE INC (EIN 391018191) - 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

1960

Legal Domicile

Principal Officer

TIMOTHY SIVERTSON

Phone

7158280761

Tax Period

2022-01-01 to 2022-12-31

MIDWEST INSTITUTE OF SCANDINAVIAN CULTURE INC, founded in 1960, is a small nonprofit that reported $124K in total revenue in fiscal year 2022. The organization ran a surplus of $99K, a strong 79% operating margin.

Mission

EDUCATION, PRESERVATION AND PROMOTION OF SCANDINAVIAN 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 (2022)

Revenue Breakdown

Contributions & Grants $13,110

Program Service Revenue $4,700

Investment Income $106,621

Other Revenue $0

TOTAL REVENUE $124,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,420

Other Expenses $25,732

TOTAL EXPENSES $25,732

Year-over-Year Comparison

	2022	2021	Change
Revenue	$124,431	N/A	N/A
Expenses	$25,732	N/A	N/A
Net Income	$98,699	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARV ANDERSON	BOARD	1.00	Director	$0	$0	$0
LINDA CURTIS	SECRETARY	1.00	Officer Director	$0	$0	$0
BETHANY JACOBSON-FLIEGER	BOARD	1.00	Director	$0	$0	$0
PAUL KALDJIAN	BOARD	1.00	Director	$0	$0	$0
DIANE LUND	TREASURER	1.00	Officer Director	$0	$0	$0
GARRY RUNNING	BOARD	1.00	Director	$0	$0	$0
TIMOTHY SIVERTSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN STREIF	BOARD	1.00	Director	$0	$0	$0
JANICE WNUKOWSKI	VICE PRESDIE	1.00	Officer 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	$124,431	$25,732	$452,710	$98,699

MIDWEST INSTITUTE OF SCANDINAVIAN CULTURE INC