National Nordic Museum

EIN: 911107537 501(c)(3) Arts, Culture & Humanities

SeattlE, WA

Total Revenue
$5,739,004
Total Expenses
$6,674,552
Total Assets
$48,618,018
Net Assets
$48,185,192
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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
1980
Legal Domicile
WA
Principal Officer
Lath Carlson
Phone
2067895707
Tax Period
2023-01-01 to 2023-12-31

National Nordic Museum, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.7M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $6.7M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE NATIONAL NORDIC MUSEUM SHARES NORDIC CULTURE WITH PEOPLE OF ALL AGES AND BACKGROUNDS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,511,776
Program Service Revenue $1,360,637
Investment Income $313,358
Other Revenue $553,233
TOTAL REVENUE $5,739,004

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,935,824
Fundraising Expenses $850,432
Program Expenses $4,918,652
Other Expenses $3,738,728
TOTAL EXPENSES $6,674,552

Year-over-Year Comparison

2023 2022 Change
Revenue $5,739,004 $7,294,452 -0.2%
Expenses $6,674,552 $6,552,140 +0.0%
Net Income $-935,548 $742,312 -2.3%
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

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Governance

Voting Members
31
Independent Members
31
Employees
46
Volunteers
522

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
7
$689,387
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC NELSON CEO 60.0
Officer
$412,724 $0 $412,724
ANDREA MILLIKAN COO 40.0
Officer
$170,492 $0 $170,492
ERIK PIHL DIRECTOR OF DEVELOPMENT 50.0
Highest
$111,060 $0 $111,060
PAMELA BROOKS DIRECTOR OF FINANCE AND HR 50.0
Officer
$106,171 $0 $106,171
LESLIE ANDERSON CHIEF CURATOR 50.0
Highest
$102,746 $0 $102,746
HANS AARHUS PRESIDENT 15.0
Officer Director
$0 $0 $0
JAY BRUNS III VICE PRESIDENT 10.0
Officer Director
$0 $0 $0
MONICA LANGFELDT SECRETARY 10.0
Officer Director
$0 $0 $0
EARL ECKLUND TREASURER 10.0
Officer Director
$0 $0 $0
ANN-CHARLOTTE GAVEL ADAMS TRUSTEE 2.0
Director
$0 $0 $0
TOR TOLLESSENALEX ALGARD TRUSTEE 2.0
Director
$0 $0 $0
ELECTA ANDERSON TRUSTEE 2.0
Director
$0 $0 $0
ANNE-LISE BERGER TRUSTEE 2.0
Director
$0 $0 $0
LAURIE BLACK TRUSTEE 2.0
Director
$0 $0 $0
JANN BLACKBOURN TRUSTEE 2.0
Director
$0 $0 $0
ELISABETH BODAL TRUSTEE 2.0
Director
$0 $0 $0
RAY BRANDSTROM TRUSTEE 2.0
Director
$0 $0 $0
ULF EWALDSSON TRUSTEE 2.0
Director
$0 $0 $0
MIKE HLASTALA TRUSTEE 2.0
Director
$0 $0 $0
JONAS JONSSON TRUSTEE 2.0
Director
$0 $0 $0
JANE KLAUSEN TRUSTEE 2.0
Director
$0 $0 $0
TERJE LEIREN TRUSTEE 2.0
Director
$0 $0 $0
OUTI MAKINIEMI TRUSTEE 2.0
Director
$0 $0 $0
KURT MANCHESTER TRUSTEE 2.0
Director
$0 $0 $0
JENS MOLBAK TRUSTEE 2.0
Director
$0 $0 $0
TIMO NAALISVAARA TRUSTEE 2.0
Director
$0 $0 $0
DAVID NELSON TRUSTEE 2.0
Director
$0 $0 $0
KRYSTN NESSELQUIST TRUSTEE 2.0
Director
$0 $0 $0
PER NOREN TRUSTEE 2.0
Director
$0 $0 $0
AARON OVERLAND TRUSTEE 2.0
Director
$0 $0 $0
TUULA RYTTILA TRUSTEE 2.0
Director
$0 $0 $0
HENRIK STRABO TRUSTEE 2.0
Director
$0 $0 $0
JOHAN STRAND TRUSTEE 2.0
Director
$0 $0 $0
HELI SUOKKO TRUSTEE 2.0
Director
$0 $0 $0
LISA TOFTEMARK TRUSTEE 2.0
Director
$0 $0 $0
TOR TOLLESSEN TRUSTEE 2.0
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 No data No data No data No data
2023 $5,739,004 $6,674,552 $48,618,018 $-935,548
2022 $7,294,452 $6,552,140 $48,833,669 $742,312
2021 $3,740,373 $5,154,273 $49,217,466 $-1,413,900
2020 $3,149,448 $4,935,122 $50,444,558 $-1,785,674
2018 $13,373,743 $5,156,122 $58,701,901 $8,217,621
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