AASE HAUGEN FOUNDATION INC (EIN 421425088) - 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

1994

Legal Domicile

Principal Officer

SAM BOEKE

Phone

5633823603

Tax Period

2023-01-01 to 2023-12-31

AASE HAUGEN FOUNDATION INC, founded in 1994, is a small nonprofit in the Human Services sector that reported $113K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $77K, a strong 68% operating margin.

Mission

TO ASSIST IN PROVIDING NURSING HOME CARE TO RESIDENTS OF AASE HAUGEN HOMES, INC. TO PROVIDE A STRUCTURED APPROACH TO THE DEVELOPMENT AND SUPPLEMENTAL FUNDING OF ACTIVITIES OF THE AASE HAUGEN HOMES, INC.

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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 $53,488

Program Service Revenue $0

Investment Income $59,620

Other Revenue $0

TOTAL REVENUE $113,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $36,498

TOTAL EXPENSES $36,498

Year-over-Year Comparison

	2023	2022	Change
Revenue	$113,108	$735,606	-0.8%
Expenses	$36,498	$29,480	+0.2%
Net Income	$76,610	$706,126	-0.9%

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

$268,588

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM BOEKE	EXECUTIVE DI	N/A	Officer	$0	$20,566	$268,588
STEVE LANGLAND	PRESIDENT	1.00	Officer Director	$0	$0	$0
KARI RUDE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KARI RUDE	DIRECTOR	1.00	Director	$0	$0	$0
JIM ULRING	SECRETARY	1.00	Officer 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	$113,108	$36,498	$1,352,386	$76,610
2022	$735,606	$29,480	$1,444,585	$706,126
2021	$116,213	$74,701	$810,927	$41,512
2020	$87,441	$46,455	$732,813	$40,986
2019	$77,851	$39,202	$715,668	$38,649
2018	$64,500	$28,992	$618,654	$35,508

AASE HAUGEN FOUNDATION INC