SALOLAMPI FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

PAAVO TAIPALE

Phone

6512105281

Tax Period

2024-01-01 to 2024-12-31

SALOLAMPI FOUNDATION, founded in 1979, is a micro nonprofit that reported $87K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $27K, a strong 32% operating margin.

Mission

MISSION STATEMENT: THE SALOLAMPI FOUNDATION IS COMMITTED TO SUSTAINING THE FINNISH LANGUAGE AND CULTURE. WE PROVIDE SCHOLARSHIPS AND PROGRAM SUPPORT TO SALOLAMPI FINNISH LANGUAGE VILLAGE, ENHANCING AND EXPANDING VILLAGERS' KNOWLEDGE OF AND PASSION FOR FINNISH LANGUAGE AND CULTURE.

Program Service Accomplishments

Program 1

Expenses: $33,193

OUR PROGRAM ACCOMPLISHMENTS INCLUDE RAISING 46K TO SUPPORT SCHOLARSHIPS FOR SALOLAMPI AND DISBURSING 33,193 IN FUNDS FOR 45 SCHOLARSHIPS. WE STAFFED TABLES AT FINN FUN DAY, FINNFEST, AND OTHER...

OUR PROGRAM ACCOMPLISHMENTS INCLUDE RAISING 46K TO SUPPORT SCHOLARSHIPS FOR SALOLAMPI AND DISBURSING 33,193 IN FUNDS FOR 45 SCHOLARSHIPS. WE STAFFED TABLES AT FINN FUN DAY, FINNFEST, AND OTHER FINNISH COMMUNITY EVENTS, AS WELL AS ORGANIZING A SALOLAMPI ALUMNI REUNION TO FOSTER COMMUNITY AND GROW SUPPORT FOR THE ORGANIZATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $46,714

Program Service Revenue $0

Investment Income $39,983

Other Revenue $0

TOTAL REVENUE $86,697

Expense Breakdown

Grants Paid $33,193

Salaries & Benefits $0

Fundraising Expenses $5,727

Program Expenses $33,193

Other Expenses $26,183

TOTAL EXPENSES $59,376

Year-over-Year Comparison

	2024	2023	Change
Revenue	$86,697	$119,225	-0.3%
Expenses	$59,376	$71,682	-0.2%
Net Income	$27,321	$47,543	-0.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
RIKU CASTRO	DIRECTOR	0.50	Director	$0	$0	$0
LINDA WARPULA DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
CERIDWEN KOSKI	DIRECTOR	0.33	Director	$0	$0	$0
STEVE TAPANI LEPPALA	DIRECTOR	0.38	Director	$0	$0	$0
KRISTI LOECK	DIRECOTOR	1.25	Director	$0	$0	$0
AILI LUND	DIRECTOR	N/A	Director	$0	$0	$0
ERIC MAKI	DIRECTOR	0.17	Director	$0	$0	$0
JEFFREY BERNARD MOON	DIRECTOR	0.36	Director	$0	$0	$0
LAURA BERNARD MOON	DIRECTOR	3.00	Director	$0	$0	$0
SUSANNA OJO	DIRECTOR	0.33	Director	$0	$0	$0
ELI LAHTI SCHLOTEC	DIRECTOR	0.75	Director	$0	$0	$0
KAISA TAIPALE	DIRECTOR	0.75	Director	$0	$0	$0
KATIE-ROSE IMBRIANO	SECRETARY	3.00	Officer	$0	$0	$0
PAAVO TAIPALE	TREASURER	2.00	Officer	$0	$0	$0
AINO WHELER	PRESIDENT	3.50	Officer	$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	$86,697	$59,376	$1,874,752	$27,321
2023	$119,225	$71,682	$1,687,630	$47,543
2022	$97,824	$52,783	$1,506,778	$45,041
2021	$134,853	$62,842	$1,694,897	$72,011
2020	$97,062	$29,742	$1,503,799	$67,320
2019	$110,435	$124,753	$1,311,772	$-14,318
2018	$62,300	$108,976	$1,167,380	$-46,676