WESTBY NORSE SCHOLARSHIP FUND (EIN 391599653) - 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

1990

Legal Domicile

Principal Officer

KARL STOKER

Phone

6086343583

Tax Period

2023-10-01 to 2024-09-30

WESTBY NORSE SCHOLARSHIP FUND, founded in 1990, is a small nonprofit in the Education sector that reported $112K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $1.5M represent 157 months of operating reserves.

Mission

GRANTING SCHOLARSHIPS FOR HIGHER EDUCATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $65,486

Program Service Revenue $0

Investment Income $46,408

Other Revenue $0

TOTAL REVENUE $111,894

Expense Breakdown

Grants Paid $95,050

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,050

Other Expenses $14,473

TOTAL EXPENSES $109,523

Year-over-Year Comparison

	2023	2022	Change
Revenue	$111,894	$102,443	+0.1%
Expenses	$109,523	$114,410	0.0%
Net Income	$2,371	$-11,967	-1.2%

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

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
KARL STOKER	PRESIDENT	5.00	Officer	$0	$0	$0
CARMEN FORTUN	VICE-PRESIDE	2.00	Officer	$0	$0	$0
ANDREA JOTHEN	TREASURER	5.00	Officer	$0	$0	$0
CHRISTY TAINTER	SECRETARY	2.00	Officer	$0	$0	$0
KADIE BRUEGGEN	DIRECTOR	2.00	Director	$0	$0	$0
RANDI STRANGSTALIEN	DIRECTOR	2.00	Director	$0	$0	$0
MONTE DUNNUM	DIRECTOR	2.00	Director	$0	$0	$0
KATIE HELSETH	DIRECTOR	2.00	Director	$0	$0	$0
SHARON MAHAN	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY IVERSON	INCOMING TRE	N/A	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	$111,894	$109,523	$1,547,070	$2,371
2023	$102,443	$114,410	$1,313,084	$-11,967
2022	$134,412	$121,702	$1,214,742	$12,710
2021	$88,946	$111,974	$1,512,013	$-23,028
2020	$65,576	$99,650	$1,266,146	$-34,074
2019	$293,078	$102,411	$1,249,285	$190,667
2018	$274,870	$98,418	$1,128,949	$176,452

WESTBY NORSE SCHOLARSHIP FUND