SONS OF NORWAY Normanna Lodge 3 (EIN 910338306) - 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

1904

Legal Domicile

Phone

4252520291

Tax Period

2024-01-01 to 2024-12-31

SONS OF NORWAY Normanna Lodge 3, founded in 1904, is a small nonprofit that reported $157K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48K, a strong 31% operating margin.

Mission

TO PROMOTE UNDERSTANDING OF NORWEGIAN HERITAGE.

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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 $20,055

Program Service Revenue $0

Investment Income $754

Other Revenue $136,491

TOTAL REVENUE $157,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,548

Fundraising Expenses $0

Other Expenses $68,299

TOTAL EXPENSES $108,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$157,300	$118,115	+0.3%
Expenses	$108,847	$143,712	-0.2%
Net Income	$48,453	$-25,597	-2.9%

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

N/A

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
Steve Landro	President	2.00	Officer Director	$0	$0	$0
Brian Ramey	Vice President	2.00	Director	$0	$0	$0
Janis Ahern	Counselor	4.00	Director	$0	$0	$0
Lee Brevik	Treasurer	5.00	Officer Director	$0	$0	$0
Iva Henry	Finan Secretary	5.00	Director	$0	$0	$0
Mary Albertine	Secretary	3.00	Director	$0	$0	$0
April Mills	Cultural Dir	3.00	Director	$0	$0	$0
Theresa Ramey	Social Dir	20.00	Director	$0	$0	$0
Krieg Jamieson	Sports Director	2.00	Director	$0	$0	$0
Gloria Gunderson	Marshall	6.00	Officer Director	$0	$0	$0
Mary Custer	Outer Greeter	10.00	Officer Director	$0	$0	$0
Mike Dyal	Foundation Dir	2.00	Director	$0	$0	$0
Lisa Maher	Editor	2.00	Director	$0	$0	$0
Lori Shadoff	Boutique	2.00	Director	$0	$0	$0
Sharon Skurlock	Trustee	2.00	Director	$0	$0	$0
Aaron Byrne	Trustee	2.00	Director	$0	$0	$0
Joe Richards	Trustee	2.00	Director	$0	$0	$0
Jaime Martinez	Trustee	2.00	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
2024	$157,300	$108,847	$386,103	$48,453
2023	$118,115	$143,712	$289,556	$-25,597
2022	$126,412	$107,525	$311,870	$18,887
2019	$125,080	$128,638	$370,614	$-3,558
2018	$140,153	$131,849	$370,640	$8,304

SONS OF NORWAY Normanna Lodge 3