SOLVANG HERITAGE ASSOCIATES INC

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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

1990

Legal Domicile

Principal Officer

GABRIELLE ROBBINS

Phone

8056861211

Tax Period

2024-07-01 to 2025-06-30

SOLVANG HERITAGE ASSOCIATES INC, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $398K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $2.8M represent 84 months of operating reserves.

Mission

TO COLLECT, PRESERVE, AND EXHIBIT THE HISTORY AND DANISH CULTURE OF SOLVANG AND TO PROMOTE THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $293,857 Revenue: $39,774

OPERATION OF CULTURAL MUSEUM OPEN TO THE GENERAL PUBLIC

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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 (2024)

Revenue Breakdown

Contributions & Grants $290,259

Program Service Revenue $22,614

Investment Income $115,198

Other Revenue $-30,475

TOTAL REVENUE $397,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,265

Fundraising Expenses $0

Program Expenses $293,857

Other Expenses $167,721

TOTAL EXPENSES $411,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$397,596	$350,673	+0.1%
Expenses	$411,986	$364,494	+0.1%
Net Income	$-14,390	$-13,821	+0.0%

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

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

$96,565

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS BALES	DIRECTOR	2.00	Director	$0	$0	$0
GAY INFANTI	TREASURER	4.00	Officer Director	$0	$0	$0
ERIK GREGERSEN	DIRECTOR	2.00	Director	$0	$0	$0
MEIGHAN DIETENHOFER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LISA W PEDERSEN	SECRETARY	2.00	Officer Director	$0	$0	$0
GABRIELLE ROBBINS	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL ELLIOT	DIRECTOR	2.00	Director	$0	$0	$0
BRENDAN DOHERTY	DIRECTOR	2.00	Director	$0	$0	$0
SVEND BRANDT-ERICHSEN	DIRECTOR	2.00	Director	$0	$0	$0
PHYLLIS MARTINA	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE SMITHSON	DIRECTOR	2.00	Director	$0	$0	$0
TARA UHRIG	DIRECTOR	2.00	Director	$0	$0	$0
SANDIE MULLIN	EXECUTIVE DIRECTOR	55.00	Officer	$96,565	$0	$96,565

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	$397,596	$411,986	$2,801,358	$-14,390
2024	No data	No data	No data	No data
2023	$408,728	$381,466	$2,849,993	$27,262
2022	$533,587	$514,311	$2,810,268	$19,276
2021	$563,337	$261,175	$2,831,389	$302,162
2020	$568,125	$387,194	$2,524,552	$180,931
2019	$362,334	$383,508	$2,308,991	$-21,174
2018	$348,485	$340,320	$2,330,652	$8,165