FRIENDS OF THE NORSK INC (EIN 811454296) - 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

2015

Legal Domicile

Principal Officer

MARC SCHELLPFEFFER

Phone

6084372265

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE NORSK INC, founded in 2015, is a small nonprofit in the Recreation & Sports sector that reported $952K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $883K left a modest 7% surplus.

Mission

THE CORPORATION SHALL BE TO, FOR THE BENEFIT OF THE COMMUNITY IN AND AROUND THE VILLAGE OF MT. HOREB, WI, MANAGE AND OPERATE A GOLF COURSE AND CLUBHOUSE FOR THE VILLAGE.

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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 $27,950

Program Service Revenue $911,570

Investment Income $3,403

Other Revenue $8,918

TOTAL REVENUE $951,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $284,938

Fundraising Expenses $0

Program Expenses $839,854

Other Expenses $597,809

TOTAL EXPENSES $882,747

Year-over-Year Comparison

	2023	2022	Change
Revenue	$951,841	$861,872	+0.1%
Expenses	$882,747	$801,255	+0.1%
Net Income	$69,094	$60,617	+0.1%

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
MATT ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
ANDY BABER	DIRECTOR	2.00	Director	$0	$0	$0
CURT GARRITY	DIRECTOR	2.00	Director	$0	$0	$0
CINDY JENSON	SECRETARY	2.00	Officer Director	$0	$0	$0
DAN ROBERTS	DIRECTOR	2.00	Director	$0	$0	$0
MARC SCHELLPFEFFER	PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL WITTMAN	TREASURER	2.00	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	$951,841	$882,747	$780,825	$69,094
2022	$861,872	$801,255	$717,944	$60,617
2021	$828,883	$634,225	$614,339	$194,658
2020	$745,640	$606,341	$410,061	$139,299
2019	$788,124	$781,237	$297,660	$6,887
2018	$724,731	$706,925	$266,302	$17,806

FRIENDS OF THE NORSK INC