SEATTLE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORWEGIAN COMMERCIAL CLUB SCHOLARSHIP FUND, founded in 1995, is a micro nonprofit in the Education sector that reported $20K in total revenue in fiscal year 2024. Revenue surged 158% from the prior year, signaling strong growth momentum. Net assets of $143K represent 87 months of operating reserves.
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.
SCHOLARSHIP AWARD(S) TO DESERVING STUDENT(S); THE PRIME MISSION OF THE ORGANIZATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $19,798 | $7,672 | +1.6% |
| Expenses | $20,900 | $900 | +22.2% |
| Net Income | $-1,102 | $6,772 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KRIS HANSSEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KNUT LANDBOE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT LOE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIK PHIL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| VICTORIA SANGREY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| IVAN SVASAND | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| INGRID HAUGAARD | V. PRESIDENT | 1.00 |
Officer
|
$0 | $0 | $0 |
| DEBBI LARSON | TREASURER | 1.00 |
Officer
|
$0 | $0 | $0 |
| DAVID RICE | MEMBERSHIP S | 1.00 |
Officer
|
$0 | $0 | $0 |
| LISA SJONG-WILSON | SECRETARY | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $19,798 | $20,900 | $142,756 | $-1,102 |
| 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 |
Compare NORWEGIAN COMMERCIAL CLUB SCHOLARSHIP FUND with other nonprofits in Washington and across the country.