NORSK HOSTFEST ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

JOHN MACKNER

Phone

7018522368

Tax Period

2025-01-01 to 2025-12-31

NORSK HOSTFEST ASSOCIATION, founded in 1978, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2025. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE AND ENHANCE AN APPRECIATION OF SCANDINAVIAN HERITAGE AND CULTURAL EXCHANGES WITH THE SCANDINAVIAN COUNTRIES.

Program Service Accomplishments

Program 1

Expenses: $908,451 Revenue: $598,492

NORSK HOSTFEST FALL FESTIVAL ATTENDED BY PEOPLE WORLDWIDE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $551,581

Program Service Revenue $598,492

Investment Income $0

Other Revenue $440

TOTAL REVENUE $1,150,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,988

Fundraising Expenses $0

Program Expenses $908,451

Other Expenses $1,072,285

TOTAL EXPENSES $1,279,273

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,150,513	$3,465,986	-0.7%
Expenses	$1,279,273	$2,154,313	-0.4%
Net Income	$-128,760	$1,311,673	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

650

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

$80,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM MIHALICK	DIRECTOR	40.00	Director	$0	$0	$0
CLINT SEVERSON	DIRECTOR	40.00	Director	$0	$0	$0
DUANE BREKKE	DIRECTOR	40.00	Director	$0	$0	$0
HARRISON REITEN-HRUBY	DIRECTOR	40.00	Director	$0	$0	$0
KAREN RASMUSSEN	DIRECTOR	40.00	Director	$0	$0	$0
KAREN KREBSBACH	DIRECTOR	40.00	Director	$0	$0	$0
TONIA VITKO	DIRECTOR	40.00	Director	$0	$0	$0
JOHN MACKNER	PRESIDENT, SECRETARY	40.00	Officer Director	$0	$0	$0
DEB BURGER-PERRY	DIRECTOR	40.00	Director	$0	$0	$0
LIZ WEEKS	DIRECTOR	40.00	Director	$0	$0	$0
ELLEN SIMMONS	DIRECTOR	40.00	Director	$0	$0	$0
SEARLE SWEDLUND	EXECUTIVE DIRECTOR	40.00	Officer	$80,000	$0	$80,000

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	$1,150,513	$1,279,273	$69,933	$-128,760
2024	$3,465,986	$2,154,313	$199,863	$1,311,673
2023	$2,689,914	$2,515,777	$141,987	$174,137
2022	$1,925,890	$3,027,712	$679,386	$-1,101,822
2021	$291,120	$408,976	$501,346	$-117,856
2020	$225,254	$379,524	$744,123	$-154,270
2019	$4,113,046	$4,035,465	$874,035	$77,581
2018	$3,604,276	$3,753,591	$1,464,307	$-149,315