SWEDISH COUNCIL OF AMERICA

EIN: 410997853 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$117,714
Total Expenses
$147,273
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
MN
Principal Officer
CHARLES NYSTROM
Phone
6128710593
Tax Period
2020-01-01 to 2020-12-31

SWEDISH COUNCIL OF AMERICA, founded in 1972, is a small nonprofit that reported $118K in total revenue in fiscal year 2020. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $147K exceeded revenue, resulting in a 25% operating deficit.

Mission

SWEDISH COUNCIL OF AMERICA PROMOTES KNOWLEDGE AND APPRECIATION OF SWEDISH HERITAGE AND CULTURE IN NORTH AMERICAN LIFE AND STRENGTHENS CONTEMPORARY CULTURAL AND EDUCATIONAL TIES BETWEEN NORTH AMERICA AND SWEDEN.

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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 (2020)

Revenue Breakdown

Contributions & Grants $117,712
Program Service Revenue $0
Investment Income $2
Other Revenue $0
TOTAL REVENUE $117,714

Expense Breakdown

Grants Paid $40,087
Salaries & Benefits $56,644
Fundraising Expenses $18,516
Program Expenses $78,018
Other Expenses $50,542
TOTAL EXPENSES $147,273

Year-over-Year Comparison

2020 2019 Change
Revenue $117,714 $250,193 -0.5%
Expenses $147,273 $175,919 -0.2%
Net Income $-29,559 $74,274 -1.4%
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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Governance

Voting Members
24
Independent Members
24
Employees
2
Volunteers
24

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
5
$47,949
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN M HASSELBERG BOARD MEMBER / CHAIR 10.00
Officer Director
$0 $0 $0
SUZANNE K AHLSTRAND BOARD MEMBER / VICE CHAIR 4.00
Officer Director
$0 $0 $0
CHARLES NYSTROM BOARD MEMBER / TREASURER 10.00
Officer Director
$0 $0 $0
BRUCE R LARSON BOARD MEMBER / SECRETARY 4.00
Officer Director
$0 $0 $0
DR PHILIP J ANDERSON BOARD MEMBER 2.00
Director
$0 $0 $0
TRACEY BECK BOARD MEMBER 2.00
Director
$0 $0 $0
NEIL E CARLSON BOARD MEMBER 2.00
Director
$0 $0 $0
NANCY FALK BOARD MEMBER 2.00
Director
$0 $0 $0
SAMUEL W HEED BOARD MEMBER 2.00
Director
$0 $0 $0
BRUCE KARSTADT BOARD MEMBER 2.00
Director
$0 $0 $0
ASA-LENA LOOF BOARD MEMBER 2.00
Director
$0 $0 $0
REV HAROLD NILSSON BOARD MEMBER 2.00
Director
$0 $0 $0
ANNETTE SEABERG BOARD MEMBER 2.00
Director
$0 $0 $0
DR MARY ANDERSON SEEGER BOARD MEMBER 2.00
Director
$0 $0 $0
REN LINER BOARD MEMBER 2.00
Director
$0 $0 $0
KERSTIN TROWBRIDGE BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN E NORTON BOARD MEMBER 2.00
Director
$0 $0 $0
KARIN MOEN ABERCROMBIE BOARD MEMBER 2.00
Director
$0 $0 $0
SANDRA S PFAFF BOARD MEMBER 2.00
Director
$0 $0 $0
WILLOW HAGANS BOARD MEMBER 2.00
Director
$0 $0 $0
DR CHARLES PETERSON BOARD MEMBER 2.00
Director
$0 $0 $0
DR ROLF BERGMAN BOARD MEMBER 2.00
Director
$0 $0 $0
ERIC NELSON BOARD MEMBER 2.00
Director
$0 $0 $0
RICHARD BRYNTESON BOARD MEMBER 2.00
Director
$0 $0 $0
GREGG WHITE EXECUTIVE DIRECTOR 40.00
Officer
$37,455 $10,494 $47,949
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
2020 $117,714 $147,273 No data $-29,559
2019 $250,193 $175,919 $47,522 $74,274
2018 $198,254 $203,952 $21,960 $-5,698
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