ASTORIA SCANDINAVIAN HERITAGE ASSO… - Form 990 Financial Data

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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

2011

Legal Domicile

Phone

5033250542

Tax Period

2022-01-01 to 2022-12-31

ASTORIA SCANDINAVIAN HERITAGE ASSOCIATION, founded in 2011, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $62K in total revenue in fiscal year 2022. Revenue fell 89% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15K, a strong 24% operating margin.

Mission

TO PRESERVE TRADITIONAL SCANDINAVIAN CULTURE AND HERITAGE THROUGH EDUCATIONAL OPPORTUNITIES IN AREAS OF CUSTOMS, LANGUAGE, FOOD AND THE ARTS. TO EDUCATE THE CITIZENS OF CLATSOP COUNTY AND SURROUNDING AREAS ABOUT THE CULTURE AND HERITAGE OF THE SCANDINAVIAN COUNTRIES.

Program Service Accomplishments

Program 1

Expenses: $34,368 Revenue: $9,150

DONATION TO SCANDINAVIAN MIDSUMMER FESTIVAL ASSOCIATION WHICH HAS BEEN A TRADITION ON THE NORTH OREGON COAST FOR OVER 50 YEARS. THIS ANNUAL FESTIVAL SHOWCASES THE RICH CULTURAL HERITAGE OF THE...

DONATION TO SCANDINAVIAN MIDSUMMER FESTIVAL ASSOCIATION WHICH HAS BEEN A TRADITION ON THE NORTH OREGON COAST FOR OVER 50 YEARS. THIS ANNUAL FESTIVAL SHOWCASES THE RICH CULTURAL HERITAGE OF THE SCANDINAVIAN COUNTRIES. THE FESTIVAL INCLUDES SCANDINAVIAN MUSIC, DANCE, THEATER, FOOD, TROLL RUN, PARADE OF NATIVE WEAR AND HANDCRAFTED TRADITIONAL CRAFTS.

Program 2

Expenses: $11,325 Revenue: $52,803

THE ORGANIZATION FINISHED DESIGNING A SCANDINAVIAN PARK TO PRESERVE AND FURTHER EDUCATE THE LOCAL AREA ON THE CULTURE AND HERITAGE OF THE SCANDINAVIAN COUNTRIES

Program 3

Expenses: $1,075

DONATION TO ASTORIA HIGH SCHOOL SCHOLARSHIPS INC TO AWARD SCHOLARSHIPS TO GRADUATING SENIORS OF SCANDANAVIAN HERITAGE WHO ARE INVOLVED IN COMMUNITY SERVICE IN THE LOCAL AREA

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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 (2022)

Revenue Breakdown

Contributions & Grants $60,731

Program Service Revenue $0

Investment Income $0

Other Revenue $1,222

TOTAL REVENUE $61,953

Expense Breakdown

Grants Paid $31,150

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,768

Other Expenses $16,011

TOTAL EXPENSES $47,161

Year-over-Year Comparison

	2022	2021	Change
Revenue	$61,953	$588,785	-0.9%
Expenses	$47,161	$52,511	-0.1%
Net Income	$14,792	$536,274	-1.0%

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

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
JUDITH LAMPI	Director	1.00	Director	$0	$0	$0
JUDITH DREYER	Director	1.00	Director	$0	$0	$0
BERIT MADSEN	Director	1.00	Director	$0	$0	$0
NETTIE BLAIR	Director	1.00	Director	$0	$0	$0
JANET BOWLER	Director	1.00	Director	$0	$0	$0
LORAN MATHEWS	President	1.00	Officer	$0	$0	$0
BONNIE FISHER	Secretary	1.00	Officer	$0	$0	$0
CAROLE LYNGSTAD	Treasurer	1.00	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
2022	$61,953	$47,161	$1,387,143	$14,792
2021	$588,785	$52,511	$1,372,351	$536,274
2020	$256,585	$27,663	$836,077	$228,922
2019	$476,662	$105,818	$607,155	$370,844
2018	$294,206	$84,042	$236,311	$210,164

ASTORIA SCANDINAVIAN HERITAGE ASSOCIATION