SONS OF NORWAY

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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

1940

Legal Domicile

Principal Officer

Paul Anunson

Phone

3607795209

Tax Period

2023-01-01 to 2023-12-31

SONS OF NORWAY, founded in 1940, is a small nonprofit that reported $363K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

Fraternal Organization providing cultural and social activities as well as insurance for its members.

Program Service Accomplishments

Program 1

The lodge celebrates and honors its Nordic heritage and sponsors many activities that promote, preserve and increase appreciation of Nordic culture. Classes are held to teach the Norwegian language, rosemaling and food preparation. The lodge sponsors the annual Poulsbo Viking Fest which is a community event.

Program 2

The lodge sponsors meals and social events for its members. The Lodge operates a private clube for the service of adult beverages for members and their guest. Volunteers prepare and serve dinners on...

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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 $24,340

Program Service Revenue $124,627

Investment Income $1,142

Other Revenue $213,141

TOTAL REVENUE $363,250

Expense Breakdown

Grants Paid $7,152

Salaries & Benefits $136,746

Fundraising Expenses $0

Program Expenses $0

Other Expenses $240,344

TOTAL EXPENSES $384,242

Year-over-Year Comparison

	2023	2022	Change
Revenue	$363,250	$326,944	+0.1%
Expenses	$384,242	$304,930	+0.3%
Net Income	$-20,992	$22,014	-2.0%

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

500

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

$53,399

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kolleen Kelly	Bar Manager	20	Key Emp	$53,399	$0	$53,399
Tim Larson	Trustee	2	Director	$0	$0	$0
Paul Anunson	President	4	Director	$0	$0	$0
Helen Wytko	Assistant Secretary	2	Director	$0	$0	$0
Curtis Vincent	Vice President	5	Director	$0	$0	$0
Mary Gerstel	Membership Secretary	2	Director	$0	$0	$0
Tony SmallBeck	Counselor	2	Director	$0	$0	$0
Karen Zabinskey	Marshall	2	Director	$0	$0	$0
Amy Swenson	Auditor	2	Director	$0	$0	$0
Andrew Belschner	Cultural Director	3	Director	$0	$0	$0
Jason Scott	Publicity Director	2	Director	$0	$0	$0
Ashley Singer	Social Director	2	Director	$0	$0	$0
Ruby Patterson	Sports Director	2	Director	$0	$0	$0
Alicia Anunson	Youth Director	2	Director	$0	$0	$0
Joanne Graves	Foundation Director	3	Director	$0	$0	$0
Kathy Haug	Musician	2	Director	$0	$0	$0
Jamie Cizek	Secretary	2	Director	$0	$0	$0
May Matheison	Greeter	2	Director	$0	$0	$0
Keri Kankovsky	Greeter	2	Director	$0	$0	$0
Michelle Meng	Trolls Den Advisory Chair	2	Director	$0	$0	$0
Jason Scott	Webmaster	2	Director	$0	$0	$0
Ingrid Simms	Treasurer	5	Director	$0	$0	$0
Lorena Maxwell	Historian	2	Director	$0	$0	$0
Rob Kodalen	Trustee	3	Director	$0	$0	$0
Laura McDonough	Auditor	3	Director	$0	$0	$0
Susan Omeara	Editor	2	Director	$0	$0	$0
Robyn Collins	Marshall	2	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	$363,250	$384,242	$235,990	$-20,992
2022	$326,944	$304,930	$257,865	$22,014
2021	$293,141	$238,460	$233,107	$54,681
2020	$271,530	$243,997	$194,473	$27,533