THE SWEDISH FINN HISTORICAL SOCIETY

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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

1991

Legal Domicile

Principal Officer

Nancy Nygard

Phone

2067060738

Tax Period

2025-01-01 to 2025-12-31

THE SWEDISH FINN HISTORICAL SOCIETY, founded in 1991, is a small nonprofit in the Unknown sector that reported $100K in total revenue in fiscal year 2025. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $143K exceeded revenue, resulting in a 42% operating deficit.

Mission

To honor our cultural heritage by collecting safeguarding and sharing the cultural and emigration history of Swedish Finns globally and by fostering connections between Swedish Finns and their ancestral roots in Finland.

Program Service Accomplishments

Program 1

Expenses: $45,659 Revenue: $0

Digital Archive and Technology Services: Maintain a robust website of Swedish Finn activities and historical information for members and interested public; make historical and genealogical...

Digital Archive and Technology Services: Maintain a robust website of Swedish Finn activities and historical information for members and interested public; make historical and genealogical information available digitally; develop technology that enhances member services.

Program 2

Expenses: $35,175 Revenue: $0

Member Services: Publish and distribute communications e.g. Kusiner; Occasional Dispatch; Parish Coffee hours across the globe; sponsor and coordinate periodic heritage tours to Finland; sponsor...

Member Services: Publish and distribute communications e.g. Kusiner; Occasional Dispatch; Parish Coffee hours across the globe; sponsor and coordinate periodic heritage tours to Finland; sponsor cultural exchanges; maintain active communications with SFHS members e.g. podcasts; book club webinars; meetings etc.; maintain active archive of unique materials.

Program 3

Expenses: $331 Revenue: $0

Genealogy: Maintain an active archive of all Swedish Finn immigrants to North America DEE; record where Swedish Finns emigrated from and where they resided; maintain office and archival storage...

Genealogy: Maintain an active archive of all Swedish Finn immigrants to North America DEE; record where Swedish Finns emigrated from and where they resided; maintain office and archival storage space; catalog donated materials; conduct genealogy and information transfer and research. Heavily driven by volunteer time.

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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 (2025)

Revenue Breakdown

Contributions & Grants $63,450

Program Service Revenue $0

Investment Income $36,677

Other Revenue $0

TOTAL REVENUE $100,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,196

Fundraising Expenses $0

Program Expenses $81,165

Other Expenses $100,325

TOTAL EXPENSES $142,521

Year-over-Year Comparison

	2025	2024	Change
Revenue	$100,127	$73,835	+0.4%
Expenses	$142,521	$160,876	-0.1%
Net Income	$-42,394	$-87,041	-0.5%

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
Nancy Nygard	President and Board Member	12.00	Officer Director	$0	$0	$0
Ulf Wallendahl	Vice President and Board Member	3.00	Officer Director	$0	$0	$0
Richard Erickson	Treasurer and Board Member	11.00	Officer Director	$0	$0	$0
Dale Hjort	Secretary and Board Member	1.00	Officer Director	$0	$0	$0
Michael Bell	Board Member	2.00	Director	$0	$0	$0
Karen Lundgren	Board Member	10.00	Director	$0	$0	$0
Steve Westmark	Board Member	1.00	Director	$0	$0	$0
Carl Lillvik	Board Member	6.00	Director	$0	$0	$0
Cassie Chronic	Board Member and Editor	7.00	Director	$0	$0	$0
Eric Jenkins	Board Member	1.00	Director	$0	$0	$0
Dave Carlson	Board Member	1.00	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	$100,127	$142,521	$1,269,925	$-42,394
2024	$73,835	$160,876	$1,171,725	$-87,041
2023	$71,505	$127,244	$1,193,999	$-55,739
2022	$74,346	$143,853	$1,125,058	$-69,507
2021	$59,720	$144,725	$1,434,139	$-85,005
2020	$62,215	$147,205	$1,388,445	$-84,990