THE NORWEGIAN CLUB OF SAN FRANCISCO

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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

1936

Legal Domicile

Principal Officer

IDAR MATHIESEN

Phone

4155194577

Tax Period

2024-01-01 to 2024-12-31

THE NORWEGIAN CLUB OF SAN FRANCISCO, founded in 1936, is a small nonprofit that reported $161K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $143K left a modest 11% surplus.

Mission

FURTHERANCE OF CULTURAL ACTIVITIES AND PROMOTING FELLOWSHIP AMONG THE NORWEGIAN AMERICAN COMMUNITY IN THE SAN FRANCISCO BAY AREA.

Program Service Accomplishments

Program 1

CULTURAL ACTIVITIES FOR THE BENEFIT OF THE CLUB'S MEMBERS.

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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 $56,233

Program Service Revenue $94,696

Investment Income $9,763

Other Revenue $0

TOTAL REVENUE $160,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,991

Fundraising Expenses $0

Other Expenses $127,450

TOTAL EXPENSES $143,441

Year-over-Year Comparison

	2024	2023	Change
Revenue	$160,692	$173,385	-0.1%
Expenses	$143,441	$163,856	-0.1%
Net Income	$17,251	$9,529	+0.8%

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

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
ANDREW DUNBAR	DIRECTOR - F	5.00	Director	$0	$0	$0
JAN OLAF GAUDESTAD	TREASURER	5.00	Officer Director	$0	$0	$0
RUNE HANSEN	DIRECTOR - R	1.00	Director	$0	$0	$0
FREDRIK KALSTVEIT	DIRECTOR - M	1.00	Director	$0	$0	$0
IDAR MATHIESEN	PRESIDENT	15.00	Officer Director	$0	$0	$0
ALFONSO MYHRER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MIKAEL NYBERG	SECRETARY	2.00	Officer Director	$0	$0	$0
STEIN OVE SANDVIK	DIRECTOR - B	5.00	Director	$0	$0	$0
JAN SKOGLUND	DIRECTOR - T	1.00	Director	$0	$0	$0
ROBERT TREBESCH	DIRECTOR - M	1.00	Director	$0	$0	$0
MARIUS WINGER	DIRECTOR - F	1.00	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	$160,692	$143,441	$434,898	$17,251
2023	$173,385	$163,856	$410,325	$9,529
2022	$206,461	$200,349	$401,788	$6,112
2021	$126,032	$172,429	$396,032	$-46,397
2020	$186,664	$124,524	$457,050	$62,140