THE DANISH IMMIGRANT MUSEUM

EIN: 421204613 501(c)(3) Arts, Culture & Humanities

ELK HORN, IA

Total Revenue
$2,330,795
Total Expenses
$1,940,130
Total Assets
$11,824,606
Net Assets
$11,807,099
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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
1983
Legal Domicile
IA
Principal Officer
ERIK ANDERSEN
Phone
7127647001
Tax Period
2024-09-01 to 2025-08-31

THE DANISH IMMIGRANT MUSEUM, founded in 1983, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $391K, a strong 17% operating margin.

Mission

THE MUSEUM OF DANISH AMERICA EXPLORES THE DANISH-AMERICAN EXPERIENCE, THE HISTORIC AND MODERN INFLUENCES OF DENMARK ON THE UNITED STATES, AND THE CONTINUING STORY OF HOW A NATION OF IMMIGRANTS SHAPE AMERICAN IDENTITY.

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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 $1,462,162
Program Service Revenue $12,818
Investment Income $778,307
Other Revenue $77,508
TOTAL REVENUE $2,330,795

Expense Breakdown

Grants Paid $0
Salaries & Benefits $858,788
Fundraising Expenses $278,664
Program Expenses $1,184,435
Other Expenses $1,081,342
TOTAL EXPENSES $1,940,130

Year-over-Year Comparison

2024 2023 Change
Revenue $2,330,795 $1,515,730 +0.5%
Expenses $1,940,130 $1,765,559 +0.1%
Net Income $390,665 $-249,829 -2.6%
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

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Governance

Voting Members
22
Independent Members
22
Employees
26
Volunteers
29

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
$110,306
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOVA BRANDT EXECUTIVE DIRECTOR 40.00
Officer
$106,706 $3,600 $110,306
ERIK ANDERSEN PRESIDENT 2.00
Officer Director
$0 $0 $0
PHILIP LUND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CHRIS KOFOED TREASURER 1.00
Officer Director
$0 $0 $0
DENNIS GRAY SECRETARY 1.00
Officer Director
$0 $0 $0
MARGIE BORNHOFT BOARD MEMBER 1.00
Director
$0 $0 $0
JOY CLEMSEN GAJDA BOARD MEMBER 1.00
Director
$0 $0 $0
MARCIA JANTE BOARD MEMBER 1.00
Director
$0 $0 $0
BRIDGET LOIS JENSEN BOARD MEMBER 1.00
Director
$0 $0 $0
CRAIG JENSEN BOARD MEMBER 1.00
Director
$0 $0 $0
JENS H JENSEN BOARD MEMBER 1.00
Director
$0 $0 $0
MARY ELLYN JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL KOEHLER BOARD MEMBER 1.00
Director
$0 $0 $0
LISA KRAMME BOARD MEMBER 1.00
Director
$0 $0 $0
ERIK LILLEHOJ BOARD MEMBER 1.00
Director
$0 $0 $0
ANDERS MELBERG BOARD MEMBER 1.00
Director
$0 $0 $0
ERIK NORKJAER BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN RASMUSSEN BOARD MEMBER 1.00
Director
$0 $0 $0
LYNETTE RASMUSSEN DANISH CONSULT 1.00
Director
$0 $0 $0
GREG RIERSON BOARD MEMBER 1.00
Director
$0 $0 $0
TONYA ROBSON BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY SAND BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH STEFFENSEN BOARD MEMBER 1.00
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 $2,330,795 $1,940,130 $11,824,606 $390,665
2024 $1,515,730 $1,765,559 $11,526,738 $-249,829
2023 $1,617,557 $1,815,441 $10,852,648 $-197,884
2022 $1,977,649 $1,649,940 $10,787,918 $327,709
2021 $1,668,565 $1,524,763 $11,691,535 $143,802
2020 $1,131,333 $1,462,702 $10,762,497 $-331,369
2019 $2,095,776 $1,418,569 $10,563,210 $677,207
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