HENRIK IBSEN PARK INC

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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

JOANNA SCHULL

Phone

6502748520

Tax Period

2023-01-01 to 2023-12-31

HENRIK IBSEN PARK INC, founded in 1908, is a small nonprofit that reported $235K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $226K left a modest 4% surplus.

Mission

MAINTAIN AND MANAGE SITE FOR AFFILIATES.

Program Service Accomplishments

Program 1

AS AN IRC SEC 501(C)(7) ORGANIZATION, ITS EXEMPT PURPOSE IS TO HOLD TITLE TO, MAINTAIN, AND MANAGE A SITE FOR HENRIK IBSEN LODGE 7. ALL PROGRAM RECEIPTS AND DISBURSEMENTS HAVE BEEN APPLIED TOWARD...

AS AN IRC SEC 501(C)(7) ORGANIZATION, ITS EXEMPT PURPOSE IS TO HOLD TITLE TO, MAINTAIN, AND MANAGE A SITE FOR HENRIK IBSEN LODGE 7. ALL PROGRAM RECEIPTS AND DISBURSEMENTS HAVE BEEN APPLIED TOWARD THIS PURPOSE.

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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 $131,250

Program Service Revenue $67,807

Investment Income $8

Other Revenue $36,033

TOTAL REVENUE $235,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $226,142

TOTAL EXPENSES $226,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$235,098	$180,521	+0.3%
Expenses	$226,142	$187,356	+0.2%
Net Income	$8,956	$-6,835	-2.3%

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

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
ROGER FEE	MEMBER	1.00	Director	$0	$0	$0
JENS FRANCIS	MEMEBER	1.00	Director	$0	$0	$0
CHARLES LUNDQUIST	MEMBER	1.00	Director	$0	$0	$0
JOHANNA MACCORMACK	TREASURER	1.00	Director	$0	$0	$0
NORA NAYLOR	SECRETARY	1.00	Director	$0	$0	$0
MIKE PETERSON	MEMEBER	1.00	Director	$0	$0	$0
JOHN RONNEBERG	VICE PRESIDE	1.00	Director	$0	$0	$0
JOANNA SCHULL	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVE TENSFELDT	MEMBER	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	No data	No data	No data	No data
2023	$235,098	$226,142	$1,954,284	$8,956
2022	$180,521	$187,356	$1,945,328	$-6,835
2021	$148,366	$139,280	$1,952,163	$9,086
2020	$123,817	$130,338	$1,948,618	$-6,521
2019	$134,059	$140,055	$1,955,139	$-5,996
2018	$138,792	$121,757	$1,956,334	$17,035