Danebo Inc DBA The Danish American Center

EIN: 410711589 501(c)(3) Unknown

Minneapolis, MN

Total Revenue
$246,640
Total Expenses
$261,314
Total Assets
$3,802,244
Net Assets
$3,797,896
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1924
Legal Domicile
MN
Principal Officer
Peter Gantriis
Phone
6127293800
Tax Period
2024-07-01 to 2025-06-30

Danebo Inc DBA The Danish American Center, founded in 1924, is a small nonprofit in the Unknown sector that reported $247K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $3.8M represent 185 months of operating reserves.

Mission

To promote Danish culture and to provide services to seniors. The Danish American Center supports and fosters Danish culture through education and the celebration of traditions, customs, and history.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $113,035
Program Service Revenue $65,375
Investment Income $27,023
Other Revenue $41,207
TOTAL REVENUE $246,640

Expense Breakdown

Grants Paid $0
Salaries & Benefits $48,713
Fundraising Expenses $25,698
Program Expenses $194,140
Other Expenses $212,601
TOTAL EXPENSES $261,314

Year-over-Year Comparison

2024 2023 Change
Revenue $246,640 $216,850 +0.1%
Expenses $261,314 $232,210 +0.1%
Net Income $-14,674 $-15,360 0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
3
Volunteers
257

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
4
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Peter Gantriis President 6.00
Officer Director
$0 $0 $0
John Gurley Vice president 6.00
Officer Director
$0 $0 $0
Anders Wolf Treasurer 2.00
Officer Director
$0 $0 $0
Susan Jacobsen Secretary 1.00
Officer Director
$0 $0 $0
Bill Holmquist Director 0.50
Director
$0 $0 $0
Bruce Simpson Director 0.50
Director
$0 $0 $0
Dana Bacon Director 0.50
Director
$0 $0 $0
Ginny Leppart Director 0.50
Director
$0 $0 $0
Karma Walker Director 0.50
Director
$0 $0 $0
Lisa Jensen Director 0.50
Director
$0 $0 $0
Pernille Whited Director 0.50
Director
$0 $0 $0
Pipper Berg-Madsen Director 0.50
Director
$0 $0 $0
Ryan Maki Director 0.50
Director
$0 $0 $0
Scott Thomsen Director 0.50
Director
$0 $0 $0
Susan Loschenkohl Director 0.50
Director
$0 $0 $0
Tom Peterson 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
2025 $246,640 $261,314 $3,802,244 $-14,674
2024 $216,850 $232,210 $3,741,266 $-15,360
2023 $209,401 $210,189 $3,571,898 $-788
2023 $209,401 $210,189 $3,571,898 $-788
2022 $130,041 $155,336 $3,468,857 $-25,295
2021 $66,927 $137,208 $3,680,641 $-70,281
2020 $139,383 $154,098 $3,504,429 $-14,715
2019 $189,201 $196,012 $3,505,119 $-6,811
2018 $276,011 $238,750 $3,474,568 $37,261
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