NORDIC NORTHWEST

EIN: 930901132 501(c)(3) Arts, Culture & Humanities

PORTLAND, OR

Total Revenue
$1,504,983
Total Expenses
$1,645,941
Total Assets
$8,286,881
Net Assets
$8,060,275
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
OR
Principal Officer
PETER LOOP
Phone
5039770275
Tax Period
2024-04-01 to 2025-03-31

NORDIC NORTHWEST, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Net assets of $8.1M represent 64 months of operating reserves.

Mission

NORDIC NORTHWEST IS A NON-PROFIT CORPORATION FOCUSED ON THE FIVE NORDIC NATIONS OF DENMARK, FINLAND, ICELAND, NORWAY, AND SWEDEN. NORDIC NORTHWEST IS THE HOME FOR DISCOVERING AND SHARING NORDIC CULTURE FOR THE ENJOYMENT AND ENRICHMENT OF THE PACIFIC NORTHWEST COMMUNITY. WE INSPIRE PEOPLE TO CREATE A BETTER FUTURE THROUGH EXPERIENCING NORDIC WAYS OF LIVING. OUR VALUES ARE SOCIAL EQUITY AND FAIRNESS, ENVIRONMENTAL SUSTAINABILITY, TRUST AND ETHICAL BEHAVIOR, STEWARDSHIP, AND INNOVATION AND CREATIVITY.

Program Service Accomplishments

Program 1
Expenses: $509,864 Revenue: $253,545

OUR CULTURAL CENTER AND FOUR-ACRE CAMPUS WAS A THRIVING HUB WITH 192,146 PARTICIPANTS (DUPLICATED) AND VISITORS ENGAGED IN OUR EXHIBITS, PROGRAMS, FESTIVALS AND ENJOYING NORDIC CUISINE. NORDIC...

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OUR CULTURAL CENTER AND FOUR-ACRE CAMPUS WAS A THRIVING HUB WITH 192,146 PARTICIPANTS (DUPLICATED) AND VISITORS ENGAGED IN OUR EXHIBITS, PROGRAMS, FESTIVALS AND ENJOYING NORDIC CUISINE. NORDIC NORTHWEST PRESENTED A RANGE OF PROGRAMMING WITH 246 CULTURAL PROGRAMS AND 60 PROGRAM PARTNERSHIPS. PROGRAMMING INCLUDED FILMS, PERFORMANCE, LECTURES, CLASSES, AND WORKSHOPS FOCUSED ON ARTS AND CULTURE, HERITAGE AND ANCESTRY, FOOD AND BEVERAGE, WELLNESS AND SLOW LIVING, OUTDOOR LIVING AND NATURE, AND CULTURAL EXCHANGE FOR THE FIVE NORDIC COUNTRIES: DENMARK, FINLAND, ICELAND, NORWAY, AND SWEDEN.

Program 2
Expenses: $98,728 Revenue: $170,054

SCANFAIR WAS ENJOYED BY A RECORD BREAKING 6,000 PLUS GUESTS AT THE OREGON CONVENTION CENTER WHERE THEY EXPERIENCED THE SIGHTS, SOUNDS, TASTES AND TRADITIONS OF A NORDIC CHRISTMAS MARKET.

Program 3
Expenses: $97,089

NORDIC NORTHWEST ADDED 430 NEW MEMEBERS FOR A TOTAL MEMBERSHIP BASE OF 1,661. 458 VOLUNTEERS CONTRIBUTED 15,598 VOLUNTEER HOURS, WITH A VALUE OF $542,467. 109,878 VISITORS VISITED OLE BOLLE, THE...

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NORDIC NORTHWEST ADDED 430 NEW MEMEBERS FOR A TOTAL MEMBERSHIP BASE OF 1,661. 458 VOLUNTEERS CONTRIBUTED 15,598 VOLUNTEER HOURS, WITH A VALUE OF $542,467. 109,878 VISITORS VISITED OLE BOLLE, THE TROLL. 9,929 ATTENDED FESTIVAL EVENTS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $526,387
Program Service Revenue $423,599
Investment Income $119,825
Other Revenue $435,172
TOTAL REVENUE $1,504,983

Expense Breakdown

Grants Paid $0
Salaries & Benefits $863,963
Fundraising Expenses $182,939
Program Expenses $1,263,079
Other Expenses $781,978
TOTAL EXPENSES $1,645,941

Year-over-Year Comparison

2024 2023 Change
Revenue $1,504,983 $1,807,524 -0.2%
Expenses $1,645,941 $1,616,387 +0.0%
Net Income $-140,958 $191,137 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
15
Volunteers
458

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
6
$167,257
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER H LOOP PRESIDENT 8.00
Officer Director
$0 $0 $0
JOHN A NELSON IMMEDIATE PAST PRESIDENT 8.00
Officer Director
$0 $0 $0
GRETHE A LARSON SECRETARY 8.00
Officer Director
$0 $0 $0
SONJA L HAUGEN TREASURER 8.00
Officer Director
$0 $0 $0
BRADY JENSEN VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
ERIC TAXER MEMBER AT LARGE 5.00
Director
$0 $0 $0
THERMAN MILLER MEMBER AT LARGE 5.00
Director
$0 $0 $0
ANTON AKERVALL MEMBER AT LARGE 5.00
Director
$0 $0 $0
KIRSTEN LEONARD MEMBER AT LARGE 5.00
Director
$0 $0 $0
MICHAEL E NELSON MEMBER AT LARGE 5.00
Director
$0 $0 $0
ERIK KAIER MEMBER AT LARGE 5.00
Director
$0 $0 $0
ROBERT S EVENSON MEMBER AT LARGE 5.00
Director
$0 $0 $0
ERIK BRAKSTAD MEMBER AT LARGE 5.00
Director
$0 $0 $0
DAVID GREGERSON MEMBER AT LARGE 5.00
Director
$0 $0 $0
KATHI KETCHESON MEMBER AT LARGE 5.00
Director
$0 $0 $0
CHRISTIANA SMITH SHI MEMBER AT LARGE 5.00
Director
$0 $0 $0
EDWARD RUNNING MEMBER AT LARGE 5.00
Director
$0 $0 $0
PAUL TUOMI MEMBER AT LARGE 5.00
Director
$0 $0 $0
LAURA ANDERSEN MEMBER AT LARGE 5.00
Director
$0 $0 $0
JODI LIPPERT EXECUTIVE DIRECTOR 40.00
Officer
$151,252 $16,005 $167,257
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 $1,504,983 $1,645,941 $8,286,881 $-140,958
2024 $1,807,524 $1,616,387 $8,441,572 $191,137
2023 $1,401,696 $1,279,956 $8,157,343 $121,740
2022 $33,882 $71,756 $8,064,903 $-37,874
2022 $1,220,453 $927,910 $8,046,520 $292,543
2021 $2,628,320 $777,758 $7,521,177 $1,850,562
2020 $1,330,599 $889,805 $5,648,111 $440,794
2019 $2,356,437 $1,012,334 $5,669,547 $1,344,103
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