MINOT, ND
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SCANDINAVIAN HERITAGE ASSOCIATION INC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $128K in total revenue in fiscal year 2025. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26K, a strong 20% operating margin.
To maintain a public park that displays and promotes the study and appreciation of the Scandinavian heritage and culture.
Scandinavian replicas and original structures in the park are enjoyed by the public as an attraction promoting heritage. the park is also a setting for special events that highlight culture.
Educational materials are printed regarding park features and for distribution to visitors. Promotional tours are arranged and information is mailed as requested.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $127,770 | $75,562 | +0.7% |
| Expenses | $102,142 | $110,189 | -0.1% |
| Net Income | $25,628 | $-34,627 | -1.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Elizabeth Gjellstad | President | 5.00 |
Officer
|
$0 | $0 | $0 |
| Kev Davick | Vice President | 7.00 |
Officer
|
$0 | $0 | $0 |
| Kae Watson | Secretary | 4.00 |
Officer
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$0 | $0 | $0 |
| Susan Weston | Treasurer | 8.00 |
Officer
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $127,770 | $102,142 | $594,924 | $25,628 |
| 2024 | No data | No data | No data | No data |
| 2023 | $83,315 | $124,039 | $603,923 | $-40,724 |
| 2022 | $64,656 | $135,650 | $644,638 | $-70,994 |
| 2021 | $116,688 | $77,122 | $715,967 | $39,566 |
| 2020 | $252,419 | $86,113 | $674,370 | $166,306 |
| 2019 | $112,295 | $107,151 | $508,744 | $5,144 |
Compare SCANDINAVIAN HERITAGE ASSOCIATION INC with other nonprofits in North Dakota and across the country.