NORWEGIAN COMMERCIAL CLUB SCHOLARSHIP FUND (EIN 911676907) - 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

1995

Legal Domicile

Principal Officer

ANNE-LISE BERGER

Phone

4258020679

Tax Period

2023-09-01 to 2024-08-31

NORWEGIAN COMMERCIAL CLUB SCHOLARSHIP FUND, founded in 1995, is a micro nonprofit in the Education sector that reported $8K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7K, a strong 88% operating margin.

Mission

THE PRIMARY ACTIVITY OF THE ORGANIZATION IS TO PROMOTE EDUCATION AND AWARD SCHOLARSHIPS BASED ON THE NEED AND/OR SCHOLARLY CAPABILITY OF THE INDIVIDUAL APPLICANT TO FURTHER THE EDUCATION OF AMERICANS OF NORWEGIAN DESCENT, NORWEGIANS, AND OTHERS INTERESTED IN PROMOTING CULTURAL TIES BETWEEN SCANDINAVIAN COUNTRIES AND THE UNITED STATES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,000

Program Service Revenue $0

Investment Income $2,672

Other Revenue $0

TOTAL REVENUE $7,672

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $900

Other Expenses $900

TOTAL EXPENSES $900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,672	$14,975	-0.5%
Expenses	$900	$20,845	-1.0%
Net Income	$6,772	$-5,870	-2.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL ERIK	MEMBER	1.00	Director	$0	$0	$0
DOUG WARNE	MEMBER	1.00	Director	$0	$0	$0
ANNE-LISE BERGER	PRESIDENT	1.00	Officer	$0	$0	$0
DEBBI LARSON	TREASURER	1.00	Officer	$0	$0	$0
IVAN SVASAND	SECRETARY	1.00	Officer	$0	$0	$0
KATRINA SVASAND	V. 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	$7,672	$900	$143,858	$6,772
2023	$14,975	$20,845	$137,086	$-5,870
2022	$902	$20,000	$142,956	$-19,098

NORWEGIAN COMMERCIAL CLUB SCHOLARSHIP FUND