HENRIK IBSEN LODGE 7 SONS OF NORWA INCLUDING PEDER P JOHNSEN EDUC FUND (EIN 940880325) - 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

1908

Legal Domicile

Principal Officer

LAURIE MITTELSTADT

Phone

6502489636

Tax Period

2024-01-01 to 2024-12-31

HENRIK IBSEN LODGE 7 SONS OF NORWA INCLUDING PEDER P JOHNSEN EDUC FUND, founded in 1908, is a small nonprofit that reported $266K in total revenue in fiscal year 2024. Revenue surged 144% from the prior year, signaling strong growth momentum. Expenses of $323K exceeded revenue, resulting in a 21% operating deficit.

Mission

FRATERNAL ORGANIZATION OF NORWEGIAN DESCENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $16,086

Program Service Revenue $13,226

Investment Income $237,125

Other Revenue $0

TOTAL REVENUE $266,437

Expense Breakdown

Grants Paid $61,250

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $261,688

TOTAL EXPENSES $322,938

Year-over-Year Comparison

	2024	2023	Change
Revenue	$266,437	$109,058	+1.4%
Expenses	$322,938	$134,114	+1.4%
Net Income	$-56,501	$-25,056	+1.3%

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
LAURIE MITTELSTADT	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOY ANNE GUNDERSEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ERDMANN HARMUT ROGGE	SECRETARY	1.00	Officer Director	$0	$0	$0
JAN E STIGGINS	FINANCIAL SE	1.00	Officer Director	$0	$0	$0
VICKI RUNNING	TREASURER	3.00	Officer 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
2025	No data	No data	No data	No data
2024	$266,437	$322,938	$1,842,676	$-56,501
2023	$109,058	$134,114	$2,007,470	$-25,056
2022	$65,071	$137,655	$2,010,882	$-72,584
2021	$106,417	$91,095	$2,230,410	$15,322
2021	$106,417	$91,095	$2,230,410	$15,322
2020	$67,509	$94,327	$2,117,056	$-26,818
2019	$77,613	$100,361	$2,045,493	$-22,748
2018	$48,302	$73,035	$1,837,134	$-24,733

HENRIK IBSEN LODGE 7 SONS OF NORWA INCLUDING PEDER P JOHNSEN EDUC FUND