Vasa Home Association of Washington (EIN 910453305) - 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

1926

Legal Domicile

Principal Officer

Eric Norelius

Phone

4257463260

Tax Period

2024-01-01 to 2024-12-31

Vasa Home Association of Washington, founded in 1926, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2024. The organization ran a surplus of $1.7M, a strong 86% operating margin.

Mission

Organized to promote benevolent, cultural, social and recreational opportunity for and among the members of local lodges of the Vasa Order of America and the community at large.

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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 $390

Program Service Revenue $157,052

Investment Income $2,013,532

Other Revenue $-168,384

TOTAL REVENUE $2,002,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,930

Fundraising Expenses $0

Other Expenses $154,311

TOTAL EXPENSES $282,241

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,002,590	$-197,638	-11.1%
Expenses	$282,241	$88,224	+2.2%
Net Income	$1,720,349	$-285,862	-7.0%

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

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

$29,675

Total Directors

$29,675

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jensen Norelius	Executive Dir.	40.00	Officer Director	$25,650	$0	$25,650
Julie Hansen	Treasurer	5.00	Officer Director	$4,025	$0	$4,025
Ginger Grette	Chair	5.00	Officer Director	$0	$0	$0
Troy Larsson	Vice Chair	5.00	Officer Director	$0	$0	$0
Raini Jackson	Secretary	5.00	Officer Director	$0	$0	$0
Craig Boyd	Director	5.00	Director	$0	$0	$0
Don Carlson	Director	5.00	Director	$0	$0	$0
Adamm Norgren	Director	5.00	Director	$0	$0	$0
Janice Dobbs	Director	5.00	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	$2,002,590	$282,241	$2,389,791	$1,720,349
2023	$-197,638	$88,224	$942,249	$-285,862
2022	$801,506	$840,690	$863,737	$-39,184
2021	$846,964	$678,000	$935,468	$168,964
2020	$590,138	$592,116	$840,143	$-1,978
2019	$662,417	$655,523	$785,848	$6,894
2018	$670,612	$647,779	$644,527	$22,833

Vasa Home Association of Washington