NORTHWEST DANISH ASSOCIATION

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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

1923

Legal Domicile

Principal Officer

EDITH E CHRISTENSEN

Phone

2065233263

Tax Period

2022-07-01 to 2023-06-30

NORTHWEST DANISH ASSOCIATION, founded in 1923, is a small nonprofit in the Arts, Culture & Humanities sector that reported $203K in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $53K, a strong 26% operating margin.

Mission

ENRICHING, PRESERVING, AND SHARING WITH OTHERS THE DANISH CULTURE, TRADITIONS, AND VALUES

Program Service Accomplishments

Program 1

Expenses: $103,105 Revenue: $62,640

ENCOURAGE CULTURAL AWARENESS; PROVIDE INFORMATION, ASSISTANCE AND RECREATION FOR THE NW DANISH COMMUNITY AND THE GENERAL PUBLIC. CONFERENCES WITH CULTURAL ACTIVITIES (YOUTH CAMP, DAY CAMP, AND ADULT...

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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 (2022)

Revenue Breakdown

Contributions & Grants $53,764

Program Service Revenue $62,640

Investment Income $1,232

Other Revenue $85,199

TOTAL REVENUE $202,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,500

Fundraising Expenses $25,280

Program Expenses $103,105

Other Expenses $127,324

TOTAL EXPENSES $149,824

Year-over-Year Comparison

	2022	2021	Change
Revenue	$202,835	$242,472	-0.2%
Expenses	$149,824	$150,564	0.0%
Net Income	$53,011	$91,908	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDITH CHRISTENSEN	PRESIDENT	40.00	Officer Director	$0	$0	$0
GARY KORSGAARD	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
SONJA KROMANN	SECRETARY	5.00	Officer Director	$0	$0	$0
PREBEN PEDERSEN	TREASURER	20.00	Officer Director	$0	$0	$0
K BRITT PFAFF-DUNTON	DIRECTOR	3.00	Director	$0	$0	$0
KARLA CRAIG	DIRECTOR	3.00	Director	$0	$0	$0
NILS JENSEN	DIRECTOR	3.00	Director	$0	$0	$0
ERIK LAUERSEN	DIRECTOR	3.00	Director	$0	$0	$0
ERIK PFAFF	DIRECTOR	3.00	Director	$0	$0	$0
LOIS TOFTEMARK	DIRECTOR	3.00	Director	$0	$0	$0
HANNE WAGNER	DIRECTOR	3.00	Director	$0	$0	$0
CLAUS WINDELEV	DIRECTOR	3.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$202,835	$149,824	$1,503,578	$53,011
2022	$242,472	$150,564	$1,373,567	$91,908
2021	$157,113	$171,753	$1,245,911	$-14,640
2020	$200,764	$180,582	$1,365,370	$20,182
2019	$240,665	$141,876	$1,353,666	$98,789