LEIF ERIKSON BUILDING ASSOCIATION (EIN 911298322) - 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

1985

Legal Domicile

Principal Officer

DAN NYE

Phone

2067831274

Tax Period

2024-01-01 to 2024-12-31

LEIF ERIKSON BUILDING ASSOCIATION, founded in 1985, is a small nonprofit that reported $148K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $197K exceeded revenue, resulting in a 33% operating deficit.

Mission

FOR THE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES TO AN ORGANIZATION WHICH ITSELF IS TAX-EXEMPT UNDER THIS SECTION.

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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 $9,385

Program Service Revenue $138,591

Investment Income $4

Other Revenue $0

TOTAL REVENUE $147,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,363

Fundraising Expenses $0

Program Expenses $197,097

Other Expenses $172,734

TOTAL EXPENSES $197,097

Year-over-Year Comparison

	2024	2023	Change
Revenue	$147,980	$232,475	-0.4%
Expenses	$197,097	$147,340	+0.3%
Net Income	$-49,117	$85,135	-1.6%

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

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

$1,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA NILSEN	TREASURER	1.00	Officer	$1,200	$0	$1,200
DANIEL BAINES	TRUSTEE	1.00	Director	$0	$0	$0
LISA GREENOUGH	TRUSTEE	1.00	Director	$0	$0	$0
LISA SJONG	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS WARNE	TRUSTEE	1.00	Director	$0	$0	$0
RYAN BORNEMEIER	V.PRESIDENT	1.00	Officer	$0	$0	$0
VICTORIA SANGREY HUNTER	SECRETARY	1.00	Officer	$0	$0	$0
DAN NYE	PRESIDENT	1.00	Officer	$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	$147,980	$197,097	$676,980	$-49,117
2023	$232,475	$147,340	$726,097	$85,135
2022	$220,125	$151,188	$640,962	$68,937
2021	$119,172	$123,934	$572,025	$-4,762
2020	$164,199	$122,057	$576,787	$42,142

LEIF ERIKSON BUILDING ASSOCIATION