NORDIC FEST INC

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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.

Program Service Accomplishments

Program 1

Expenses: $127,328

TO PLAN AND STAGE AN ANNUAL NORDIC FEST IN JULY OF EACH YEAR IN DECORAH, IA TO PROMOTE GOODWILL.

Program 2

Expenses: $2,173

NORDIC DANCERS HELPS CELEBRATE NORDIC FEST IN JULY OF EACH YEAR IN DECORAH, IA BY PROMOTING NORWEGIAN/SCANDINAVIAN HERITAGE THROUGH TRADITIONAL FOLK DANCES OF NORWAY.

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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 $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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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