SCANDINAVIAN HERITAGE ASSOCIATION INC (EIN 450407390) - 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

1988

Legal Domicile

Principal Officer

Elizabeth Gjellstad

Phone

7013401141

Tax Period

2025-01-01 to 2025-12-31

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.

Mission

To maintain a public park that displays and promotes the study and appreciation of the Scandinavian heritage and culture.

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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 $96,167

Program Service Revenue $0

Investment Income $12,718

Other Revenue $18,885

TOTAL REVENUE $127,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,623

Fundraising Expenses $0

Program Expenses $83,661

Other Expenses $85,519

TOTAL EXPENSES $102,142

Year-over-Year Comparison

	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%

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

Volunteers

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
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	$0	$0	$0
Susan Weston	Treasurer	8.00	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	$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

SCANDINAVIAN HERITAGE ASSOCIATION INC