SWEDISH COUNCIL OF AMERICA

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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

1972

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $78,018

SCA GRANTS: SINCE 1975, SCA PROVIDED FINANCIAL SUPPORT TO HUNDREDS OF PROJECTS ACROSS NORTH AMERICA AS THEY PROMOTED KNOWLEDGE AND APPRECIATION OF SWEDISH HERITAGE AND CULTURE. TO DATE, THESE GRANTS TOTAL OVER ONE MILLION DOLLARS.SCA SCHOLARSHIPS: ALMOST SINCE ITS INCEPTION OVER 40 YEARS AGO, SCA SCHOLARSHIPS SUPPORTED AMERICAN YOUTH WANTING TO BROADEN THEIR EDUCATIONAL EXPERIENCE IN SWEDEN AND SWEDISH STUDENTS EAGER TO STUDY IN THE UNITED STATES.SCA AWARDS: SCA AWARDS GAVE NATIONAL RECOGNITION TO HARD-WORKING INDIVIDUALS AND DEDICATED ORGANIZATIONS THAT HAVE MADE EXCEPTIONAL CONTRIBUTIONS TO SWEDISH-AMERICAN OR SWEDISH-CANADIAN LIFE.SCA COMMUNICATIONS: SCA TODAY, OUR QUARTERLY MAGAZINE LAUNCHED IN 2017, INFORMED OUR MEMBERS, SUPPORTERS AND CONSTITUENTS ABOUT THE PROJECTS WE FUNDED, THE SCHOLARS WE SUPPORTED, THE LEADERS WE RECOGNIZED, THE OPPORTUNITIES WE PRESENTED AND THE PEOPLE INVOLVED IN AN INFORMATIVE AND INTERESTING MANNER. IN ADDITION, IT CONTAINED ARTICLES ABOUT SWEDISH CULTURE AND HERITAGE OF INTEREST TO OUR READERS IN NORTH AMERICA.

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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 (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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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

$47,949

Total Directors

Key Employees

Highest Compensated

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