The Society for the Advancement of Scandinavian Study (EIN 486108157) - 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

1977

Legal Domicile

Principal Officer

Andrew Nestingen

Phone

8012079800

Tax Period

2023-01-01 to 2023-12-31

The Society for the Advancement of Scandinavian Study, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $301K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $257K left a modest 15% surplus.

Mission

Promote research and publication in Scandinavian languages, literatures, history, culture, and society.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,478

Program Service Revenue $61,748

Investment Income $202,519

Other Revenue $33,269

TOTAL REVENUE $301,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,542

Fundraising Expenses $0

Program Expenses $151,592

Other Expenses $116,432

TOTAL EXPENSES $256,974

Year-over-Year Comparison

	2023	2022	Change
Revenue	$301,014	$198,962	+0.5%
Expenses	$256,974	$271,487	-0.1%
Net Income	$44,040	$-72,525	-1.6%

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

N/A

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
Scott Mellor	President	10.00	Officer Director	$0	$0	$0
Kimberly J La Palm	Executive Dir.	10.00	Officer Director	$0	$0	$0
Olivia Gunn	Vice President	10.00	Officer Director	$0	$0	$0
Andrew Nestingen	Treasurer	10.00	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
2024	No data	No data	No data	No data
2023	$301,014	$256,974	$1,617,565	$44,040
2022	$198,962	$271,487	$1,573,735	$-72,525
2021	$92,659	$162,856	$1,997,362	$-70,197
2020	$188,567	$186,699	$1,865,856	$1,868
2019	$331,020	$159,096	$1,697,330	$171,924
2018	$246,836	$210,881	$1,429,716	$35,955

The Society for the Advancement of Scandinavian Study