NORDIC FEST INC

EIN: 426121073 501(c)(3) Arts, Culture & Humanities

DECORAH, IA

Total Revenue
$155,466
Total Expenses
$129,501
Total Assets
$307,565
Net Assets
$307,565
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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
1966
Principal Officer
COLE STEFFEN
Phone
8003823378
Tax Period
2025-01-01 to 2025-12-31

NORDIC FEST INC, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $155K in total revenue in fiscal year 2025. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $26K, a strong 17% operating margin.

Mission

EDUCATE ABOUT AND CELEBRATE THE SCANDINAVIAN HERITAGE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $90,305
Program Service Revenue $0
Investment Income $7,079
Other Revenue $58,082
TOTAL REVENUE $155,466

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $129,501
Other Expenses $129,501
TOTAL EXPENSES $129,501

Year-over-Year Comparison

2025 2024 Change
Revenue $155,466 $170,383 -0.1%
Expenses $129,501 $133,137 0.0%
Net Income $25,965 $37,246 -0.3%
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

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Governance

Voting Members
23
Independent Members
23
Employees
N/A
Volunteers
100

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
7
$0
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLE STEFFEN PRESIDENT 2.50
Officer Director
$0 $0 $0
SARAH BRANDT VICE PRESIDE 2.50
Officer Director
$0 $0 $0
ARIANA CERVANTES PAST PRESIDE 2.50
Officer Director
$0 $0 $0
COLE PHILLIPS TREASURER 2.50
Officer Director
$0 $0 $0
ALYSSA RITTER SECRETARY 2.50
Officer Director
$0 $0 $0
CHRIS HICK MEMBER 1.00
Director
$0 $0 $0
LINDA WOLFS MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER FASSBENDER MEMBER 1.00
Director
$0 $0 $0
MICHAEL THOMPSON MEMBER 1.00
Director
$0 $0 $0
TRICIA THEIN MEMBER 1.00
Director
$0 $0 $0
SIMON CROPP MEMBER 1.00
Director
$0 $0 $0
STEVE WILKE MEMBER 1.00
Director
$0 $0 $0
SOPHIE NALL MEMBER 1.00
Director
$0 $0 $0
IVY RIGGS MEMBER 1.00
Director
$0 $0 $0
MARCIE DODD MEMBER 1.00
Director
$0 $0 $0
DAVID ANDERSON MEMBER 1.00
Director
$0 $0 $0
BRIAN SOLBERG MEMBER 1.00
Director
$0 $0 $0
NATHAN TODD MEMBER 1.00
Director
$0 $0 $0
ANDI HEMESATH MEMBER 1.00
Director
$0 $0 $0
SAM BOEKE MEMBER 1.00
Director
$0 $0 $0
CHIVONNE MARLOW MEMBER 1.00
Director
$0 $0 $0
KORY COURTNEY TREASURER - 2.50
Officer Director
$0 $0 $0
ROGER HUINKER TREASURER - 2.50
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
2025 $155,466 $129,501 $307,565 $25,965
2024 No data No data No data No data
2023 $144,450 $110,091 $262,763 $34,359
2022 $311,107 $391,060 $228,404 $-79,953
2021 $141,572 $87,535 $339,457 $54,037
2020 $27,528 $19,348 $254,320 $8,180
2019 $113,140 $88,494 $246,140 $24,646
2018 $115,447 $101,036 $222,131 $14,411
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