SWEDISH CULTURAL CENTER INC (EIN 910433730) - 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

1892

Legal Domicile

Principal Officer

LANGDON MILLER

Phone

2062831090

Tax Period

2024-01-01 to 2024-12-31

SWEDISH CULTURAL CENTER INC, founded in 1892, is a small nonprofit in the Arts, Culture & Humanities sector that reported $825K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $929K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE SWEDISH CLUB STRIVES TO FOSTER AN INCLUSIVE NORDIC COMMUNITY IN THE GREATER SEATTLE REGION WITH A SPECIAL EMPHASIS ON SWEDISH CULTURE AND HERITAGE. WE FURTHER INTEREST IN NORDIC TRADITIONS THROUGH CULTURAL EVENTS, EDUCATION, AND SOCIAL INITIATIVES BY CELEBRATING AND PRESERVING OUR DISTINCT HISTORY.

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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 $936,487

Program Service Revenue $114,713

Investment Income $17,942

Other Revenue $-243,736

TOTAL REVENUE $825,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $536,219

Fundraising Expenses $0

Program Expenses $621,811

Other Expenses $392,994

TOTAL EXPENSES $929,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$825,406	$1,005,402	-0.2%
Expenses	$929,213	$1,098,425	-0.2%
Net Income	$-103,807	$-93,023	+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

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

$175,375

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANGDON MILLER	PRESIDENT START APRIL	1.00	Officer Director	$0	$0	$0
KRIS JOHANSSON	VP START DECEMBER	1.00	Officer Director	$0	$0	$0
KIM JACOBS	TREASURER START DECEMBER	1.00	Officer Director	$0	$0	$0
MALIN JONSSON	SECRETARY START DECEMBER	1.00	Officer Director	$0	$0	$0
MOLLY OLSON SMITH	PRES. APRIL ONLY; VP END MARCH	1.00	Officer Director	$0	$0	$0
SHAMA ALBRIGHT	PRESIDENT END MARCH	1.00	Officer Director	$0	$0	$0
GARY SUND	PAST PRESIDENT END APRIL	1.00	Officer Director	$0	$0	$0
ANNA FAINO	VP & TREASURER SEPT, OCT, NOV	1.00	Officer Director	$0	$0	$0
MARY EMERSON	SECRETARY END NOV; VP APRIL ONLY	1.00	Officer Director	$0	$0	$0
IB R ODDERSON	BOARD MEM. END NOV; TREAS. APR:AUG	1.00	Officer Director	$0	$0	$0
PATRICK DOLAN	BOARD MEMBER START APRIL	1.00	Director	$0	$0	$0
MARK OLSEN	BOARD MEMBER START MAY	1.00	Director	$0	$0	$0
BRIAN RUNBERG	BOARD MEMBER START JULY	1.00	Director	$0	$0	$0
ECKHARD SCHIPULL	BOARD MEMBER START JULY	1.00	Director	$0	$0	$0
REBECCA COENNING	BOARD MEMBER START JULY	1.00	Director	$0	$0	$0
MEGAN PENHOET	BOARD MEMBER START DECEMBER	1.00	Director	$0	$0	$0
LYDIA LOUIE	BOARD MEMBER START DECEMBER	1.00	Director	$0	$0	$0
JUDITH PETERICK	BOARD MEMBER END APRIL	1.00	Director	$0	$0	$0
NEIL SNYDER	BOARD MEMBER END MARCH	1.00	Director	$0	$0	$0
MARTIN JOHANSSON	BOARD MEMBER END MARCH	1.00	Director	$0	$0	$0
ELIZABETH NORGREN	EXECUTIVE DIRECTOR END NOVEMBER	40.00	Officer	$137,831	$10,376	$148,207
KRISTINA COWAN	INTERIM EXECUTIVE DIR. START NOV	40.00	Officer	$27,168	$0	$27,168
JOEL CAMBERN	FACILITIES DIRECTOR END NOVEMBER	40.00	Highest	$165,332	$10,376	$175,708

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	$825,406	$929,213	$7,160,125	$-103,807
2023	$872,236	$897,668	$7,424,136	$-25,432
2023	No data	No data	No data	No data
2022	$417,917	$741,525	$7,735,681	$-323,608
2021	$1,587,233	$928,179	$8,451,832	$659,054
2020	$2,732,332	$952,263	$8,107,467	$1,780,069
2019	$967,495	$838,477	$2,890,091	$129,018
2018	$641,706	$655,513	$2,717,338	$-13,807

SWEDISH CULTURAL CENTER INC