VIKING CHARITIES INC (EIN 953542227) - 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

1980

Legal Domicile

Principal Officer

RICHARD KROST

Phone

8052451613

Tax Period

2023-01-01 to 2023-12-31

VIKING CHARITIES INC, founded in 1980, is a small nonprofit in the Diseases & Disorders sector that reported $299K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $58K, a strong 20% operating margin.

Mission

PROVIDE FINANCIAL ASSISTANCE FOR MEDICALLY RELATED NEEDS OF QUALIFIED INDIVIDUALS & HEALTH CARE ORGS.

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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 $151,470

Program Service Revenue $0

Investment Income $35,940

Other Revenue $111,592

TOTAL REVENUE $299,002

Expense Breakdown

Grants Paid $88,367

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,226

Other Expenses $152,209

TOTAL EXPENSES $240,576

Year-over-Year Comparison

	2023	2022	Change
Revenue	$299,002	$332,502	-0.1%
Expenses	$240,576	$205,030	+0.2%
Net Income	$58,426	$127,472	-0.5%

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
LARRY HUMBURGER	CHIEF	5.00	Officer	$0	$0	$0
JOSEPH TYSON	VICE CHIEF	5.00	Officer	$0	$0	$0
RICHARD KROST	TREASURER	5.00	Officer	$0	$0	$0
MICHAEL PETERSON	SECRETARY	5.00	Officer	$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
2024	No data	No data	No data	No data
2023	$299,002	$240,576	$2,389,305	$58,426
2022	$332,502	$205,030	$2,144,099	$127,472
2021	$497,343	$184,794	$2,460,952	$312,549
2020	$201,058	$121,501	$2,190,546	$79,557
2019	$328,527	$186,346	$2,004,914	$142,181
2018	$268,587	$213,901	$1,739,908	$54,686

VIKING CHARITIES INC