SEATTLE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORWEGIAN COMMERCIAL CLUB, founded in 1932, is a micro nonprofit in the Community Improvement sector that reported $53K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $47K left a modest 11% surplus.
TO PROMOTE AND ENCOURAGE CIVIC AND COMMERCIAL ACTIVITY TO THE END THAT BENEFITS THEREFROM MAY ACCURE TO THE STATE OF WASHINGTON, CITY OF SEATTLE, AND THE PACIFIC NORTHWEST; TO FOSTER TRADE AND COMMERCE AMONG ITS MEMBERS; TO PROMOTE AND ELEVATE BUSINESS STANDARDS AND PROFESSIONAL ETHICS; TO OFFER INVITATIONS FOR OTHERS TO SEEK THIS STATE AND COMMUNITY AS THEIR FIELD OF COMMERCIAL ENDEAVOR AND TO EXTEND HOSPITALITY TO VISTORS AND NEW ARRIVALS; TO ASSIST IN AND ENCOURAGE THE BUILDING OF NEW INDUSTRIES AND THE EXPANSION OF OLD; TO ADVOCATE GOOD CITIZENSHIP AND TO ENCOURAGE INTEREST AND ACTIVE PARTICIPATION BY ITS MEMBERS IN PUBLIC AFFAIRS; TO PROVIDE FACILITIES AND ACCOMMODATIONS FOR BUSINESS MEETINGS AND SOCIAL GATHERINGS; TO ESTABLISH AND MAINTAIN A SOCIAL AND BUSINESS CLUB FOR NORWEGIANS, NORWEGIAN AMERICANS AND OTHERS, TO PROVIDE SUCH QUARTERS, MEETING PLACES AND FACILITIES AS WILL SERVE THE PURPOSES FOR WHICH THIS NORWEGIAN COMMERCIAL CLUB IS ORGANIZED.
- ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES.
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 | $53,321 | $59,208 | -0.1% |
| Expenses | $47,262 | $61,128 | -0.2% |
| Net Income | $6,059 | $-1,920 | -4.2% |
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 | $53,321 | $47,262 | $28,864 | $6,059 |
| 2024 | $59,208 | $61,128 | $22,805 | $-1,920 |
Compare NORWEGIAN COMMERCIAL CLUB with other nonprofits in Washington and across the country.