ARCTIC CIRCLE FOUNDATION INC US C/O KRISTA AMASON (EIN 853363104) - 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

2020

Legal Domicile

Principal Officer

KRISTA AMASON

Phone

7038553608

Tax Period

2023-01-01 to 2023-12-31

ARCTIC CIRCLE FOUNDATION INC US C/O KRISTA AMASON, founded in 2020, is a small nonprofit in the Environment sector that reported $194K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $352K exceeded revenue, resulting in a 82% operating deficit.

Mission

PROMOTE & SUPPORT INTERNATIONAL DIALOGUE & COLLABORATION REGARDING THE FUTURE OF THE ARCTIC

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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 $193,656

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $193,656

Expense Breakdown

Grants Paid $320,000

Salaries & Benefits $25,000

Fundraising Expenses $12,500

Program Expenses $326,250

Other Expenses $7,333

TOTAL EXPENSES $352,333

Year-over-Year Comparison

	2023	2022	Change
Revenue	$193,656	$920,000	-0.8%
Expenses	$352,333	$442,925	-0.2%
Net Income	$-158,677	$477,075	-1.3%

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

$25,000

Total Directors

$25,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTA AMASON	PRESIDENT/DIRECTOR	1.00	Officer Director	$25,000	$0	$25,000
FREDERIK PAULSEN	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
PETER SELIGMANN	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
OLAFUR GRIMSSON	DIRECTOR	1.00	Director	$0	$0	$0
WARREN AMASON	DIRECTOR	1.00	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
2023	$193,656	$352,333	$590,217	$-158,677
2022	$920,000	$442,925	$748,894	$477,075
2021	$450,000	$178,181	$272,319	$271,819

ARCTIC CIRCLE FOUNDATION INC US C/O KRISTA AMASON