Norway Hall Foundation (EIN 550836314) - 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

2003

Legal Domicile

Principal Officer

James Jerpseth

Phone

8584426762

Tax Period

2023-06-01 to 2024-05-31

Norway Hall Foundation, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $419K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $82K, a strong 20% operating margin.

Mission

To promote Scandinavian culture, both modern & viking era, through social events, educational events, handicrafts and other events. Norway Hall Foundation is also responsible for the care and maintenance of Norway Hall where most of the events take place.

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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 $0

Program Service Revenue $419,075

Investment Income $0

Other Revenue $0

TOTAL REVENUE $419,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $301,926

Other Expenses $336,609

TOTAL EXPENSES $336,609

Year-over-Year Comparison

	2023	2022	Change
Revenue	$419,075	$329,930	+0.3%
Expenses	$336,609	$308,206	+0.1%
Net Income	$82,466	$21,724	+2.8%

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

300

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
James Jerpseth	President	5.00	Officer Director	$0	$0	$0
William J Hill	Vice President	5.00	Officer Director	$0	$0	$0
Diana Hamilton	Secretary	5.00	Officer Director	$0	$0	$0
Tobias Darby-Richmond	Director	2.00	Director	$0	$0	$0
Jeremy Foote	Director	2.00	Director	$0	$0	$0
Claudia Hill	Director	2.00	Director	$0	$0	$0
Erik Pfeiffer	Director	2.00	Director	$0	$0	$0
Ray Reifel	Director	2.00	Director	$0	$0	$0
Kim Tinsley	Treasurer	5.00	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	$419,075	$336,609	$177,696	$82,466
2024	$396,456	$269,955	$304,059	$126,501
2023	$329,930	$308,206	$94,360	$21,724
2023	$419,233	$365,254	$207,011	$53,979
2022	$370,764	$259,269	$176,908	$111,495

Norway Hall Foundation