SONS OF NORWAY

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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

1943

Legal Domicile

Principal Officer

Gregpry Ovrebo

Phone

2404704383

Tax Period

2025-01-01 to 2025-12-31

SONS OF NORWAY, founded in 1943, is a micro nonprofit in the Mutual Benefit sector that reported $73K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $42K, a strong 57% operating margin.

Mission

Preserve and promote Norwegian culture.

Program Service Accomplishments

Program 1

Expenses: $9,601

Cultural programs at lodge meetings (30-60 persons/month), Norwegian heritage programs: genealogy group, Norwegian history group, language classes, book club, arts and crafts, cooking and sewing...

Cultural programs at lodge meetings (30-60 persons/month), Norwegian heritage programs: genealogy group, Norwegian history group, language classes, book club, arts and crafts, cooking and sewing demonstrations.

Program 2

Expenses: $3,850

Community involvement - donations to local charities serving 500 or more persons (estimate)

Program 3

Donations to Norwegian cultural groups - 8-10 persons in need (estimate)

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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 $9,466

Program Service Revenue $0

Investment Income $0

Other Revenue $63,173

TOTAL REVENUE $72,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,451

Other Expenses $31,136

TOTAL EXPENSES $31,136

Year-over-Year Comparison

	2025	2024	Change
Revenue	$72,639	$64,652	+0.1%
Expenses	$31,136	$29,957	+0.0%
Net Income	$41,503	$34,695	+0.2%

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
Keith Aleckson	Vice President	6.00	Officer	$0	$0	$0
Beth Slingerland	Secretary	6.00	Officer	$0	$0	$0
Linda Hestvik	President	8.00	Officer	$0	$0	$0
Greg Ovrebo	Treasurer	6.00	Officer	$0	$0	$0
Bill Deroche	Program director	6.00	Officer	$0	$0	$0
Henry Hansen	Financial Secretary	6.00	Officer	$0	$0	$0
Kari Sprecher	Foundation director	4.00	Officer	$0	$0	$0
Detty Reed	Trustee	4.00	Officer	$0	$0	$0
Carolyn Smith	Librarian	4.00	Officer	$0	$0	$0
Paul Rood	Hospitality	4.00	Officer	$0	$0	$0
Denise Bowden	Festival Committee co-chair	8.00	Officer	$0	$0	$0
Michelle Berg-Mitchell	Festival Committee co-chair	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	$72,639	$31,136	$891,997	$41,503
2024	No data	No data	No data	No data
2023	$85,288	$31,524	$668,389	$53,764
2022	$58,964	$80,042	$494,825	$-21,078
2021	$33,923	$22,328	$656,023	$11,595
2020	$19,348	$24,471	$524,033	$-5,123