THE NORWEGIAN AMERICAN CHAMBER OF (EIN 421757267) - 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

1982

Legal Domicile

Principal Officer

BETTINA NOWAK

Phone

3055861575

Tax Period

2025-01-01 to 2025-12-31

THE NORWEGIAN AMERICAN CHAMBER OF, founded in 1982, is a small nonprofit in the Community Improvement sector that reported $222K in total revenue in fiscal year 2025. Expenses of $212K left a modest 4% surplus.

Mission

TO DEVELOP, PROMOTE, FOSTER, AND SPONSOR PERSONAL AND BUSINESS RELATIONSHIPS WITHIN AND BETWEEN THE NORWEGIAN AND THE AMERICAN SHIPPING CLUSTERS IN FLORIDA. IN ADDITION, THE ORGANIZATION WORKS TO IMPROVE TRADE, BUSINESS AND CULTURAL RELATIONS, FINANCIAL ACTIVITIES AND PROFESSION

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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 (2025)

Revenue Breakdown

Contributions & Grants $221,506

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $221,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,228

Other Expenses $212,015

TOTAL EXPENSES $212,015

Year-over-Year Comparison

	2025	2024	Change
Revenue	$221,506	N/A	N/A
Expenses	$212,015	N/A	N/A
Net Income	$9,491	N/A	N/A

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

320

Independent Members

320

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
SIMONA NOWAK	DIRECTOR	1.00	Director	$0	$0	$0
BEATE JAKOBSEN	DIRECTOR	1.00	Director	$0	$0	$0
JAN SOLUM	VICE PRESIDENT	5.00	Officer	$0	$0	$0
BETTINA NOWAK	TREASURER	5.00	Officer	$0	$0	$0
ANDERS AASEN	PRESIDENT	15.00	Officer	$0	$0	$0
PRISCILA FERNANDES	SECRETARY	5.00	Officer	$0	$0	$0
CATHRINE PRESTROENNING	GM	10.00	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
2025	$221,506	$212,015	$105,876	$9,491
2024	$224,401	$208,284	$96,385	$16,117
2023	$209,829	$189,729	$80,268	$20,100

THE NORWEGIAN AMERICAN CHAMBER OF