FRIENDS OF SUOMI HALL (EIN 843791424) - 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

2019

Legal Domicile

Principal Officer

FAITH SWANSON

Phone

5419125586

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF SUOMI HALL, founded in 2019, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $44K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Net assets of $982K represent 270 months of operating reserves.

Mission

SHARING AND CELEBRATING FINNISH HERITAGE AND CONTRIBUTIONS AND CULTURE BY PROVIDING EDUCATION, ARTS AND CRAFT ACTIVITIES IN THE LOCAL COMMUNITY. THE ORGANIZATION ALSO PROVIDES A WELCOME TO ALL AT ITS HISTORIC SUOMI HALL.

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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 $19,937

Program Service Revenue $1,722

Investment Income $7

Other Revenue $21,951

TOTAL REVENUE $43,617

Expense Breakdown

Grants Paid $1,150

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,980

Other Expenses $41,279

TOTAL EXPENSES $43,533

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,617	$34,995	+0.2%
Expenses	$43,533	$41,412	+0.1%
Net Income	$84	$-6,417	-1.0%

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

209

Employees

N/A

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
KAREN VANCLEAVE	PRESIDENT	8.00	Director	$0	$0	$0
MARGARET NIKKILA	DIRECTOR	1.00	Officer Director	$0	$0	$0
JANE HILL	SECRETARY	2.00	Officer Director	$0	$0	$0
FAITH SWANSON	TREASURER	4.00	Officer Director	$0	$0	$0
KATIE RYDING	FINANCIAL SECRETARY	4.00	Officer Director	$0	$0	$0
MARVIN HAUTALA	DIRECTOR	1.00	Director	$0	$0	$0
CAROLE LYNGSTAD	DIRECTOR	1.00	Director	$0	$0	$0
JULIE LEONHART-OVERBY	DIRECTOR	1.00	Director	$0	$0	$0
ERIC WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
HELEN PITIKANEN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WAGENBLAST	DIRECTOR	1.00	Director	$0	$0	$0
LEILA COLLIER	VICE PRESIDENT	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	$43,617	$43,533	$981,544	$84
2022	$34,995	$41,412	$981,460	$-6,417
2021	$996,928	$11,055	$987,877	$985,873

FRIENDS OF SUOMI HALL