KIERKEGAARD HOUSE FOUNDATION (EIN 411887647) - 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

1997

Legal Domicile

Principal Officer

EDWARD LANGERAK

Phone

5076454609

Tax Period

2023-01-01 to 2023-12-31

KIERKEGAARD HOUSE FOUNDATION, founded in 1997, is a micro nonprofit in the Education sector that reported $26K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $75K exceeded revenue, resulting in a 185% operating deficit.

Mission

SUPPORT THE WORK OF THE KIERKEGAARD LIBRARY, ST OLAF COLLEGE NORTHFIELD, MN 55057.

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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 $0

Program Service Revenue $0

Investment Income $26,456

Other Revenue $0

TOTAL REVENUE $26,456

Expense Breakdown

Grants Paid $36,413

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,940

Other Expenses $39,074

TOTAL EXPENSES $75,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,456	$69,001	-0.6%
Expenses	$75,487	$54,283	+0.4%
Net Income	$-49,031	$14,718	-4.3%

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

N/A

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
EDWARD LANGERAK	PRESIDENT	N/A	Officer Director	$0	$0	$0
ERIK HONG	TREASURER	N/A	Officer Director	$0	$0	$0
ANDREW BURGESS	BOARD MEMBER	N/A	Director	$0	$0	$0
ALMUT FURCHERT	BOARD MEMBER	N/A	Director	$0	$0	$0
CHRISTOPHER THOMFORDE	BOARD MEMBER	N/A	Director	$0	$0	$0
CHUCK RICHARDSON	BOARD MEMBER	N/A	Director	$0	$0	$0
AARON WIEDERSPAHN	BOARD MEMBER	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	No data	No data	No data	No data
2023	$26,456	$75,487	$952,532	$-49,031
2022	$69,001	$54,283	$960,278	$14,718
2021	$-54,497	$45,328	$945,560	$-99,825
2020	$23,647	$81,236	$947,532	$-57,589
2019	$27,908	$92,795	$1,095,383	$-64,887
2018	$38,695	$128,537	$1,127,046	$-89,842

KIERKEGAARD HOUSE FOUNDATION