SONS OF NORWAY RECREATION CENTER (EIN 956047929) - 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

1940

Legal Domicile

Principal Officer

ALFRED HYMANS

Phone

5303892508

Tax Period

2024-01-01 to 2024-12-31

SONS OF NORWAY RECREATION CENTER, founded in 1940, is a small nonprofit that reported $232K in total revenue in fiscal year 2024. Revenue surged 159% from the prior year, signaling strong growth momentum. Expenses of $212K left a modest 9% surplus.

Mission

THE SONS OF NORWAY RECREATION CENTER IS A RECREATIONAL PROPERTY AND MEETING FACILITY HELD SOLELY FOR THE PURPOSE OF DISTRICT 6 OF SONS OF NORWAY, A FRATERNAL ORGANIZATION FOR PEOPLE OF NORWEGIAN DESCENT. EACH YEAR, MEMBERS WITH THEIR FAMILIES AND GUESTS ATTEND THE RECREATIONAL CENTER FOR SOCIAL, RECREATIONAL, CULTURAL AND EDUCATIONAL PROGRAMS, YOUTH CAMPS, NORWEGIAN FESTIVALS, AND OTHER FRATERNAL EVENTS.

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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 $181,402

Program Service Revenue $0

Investment Income $43

Other Revenue $50,955

TOTAL REVENUE $232,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $211,996

TOTAL EXPENSES $211,996

Year-over-Year Comparison

	2024	2023	Change
Revenue	$232,400	$89,709	+1.6%
Expenses	$211,996	$125,717	+0.7%
Net Income	$20,404	$-36,008	-1.6%

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
ALFRED HYMANS	PRESIDENT	1.00	Officer Director	$0	$0	$0
LYNN SKRUKRUD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
VICKI RUNNING	TREASURER	1.00	Officer Director	$0	$0	$0
JOHANNA LOURY	SECRETARY	1.00	Officer Director	$0	$0	$0
SUSAN WINJE	DIRECTOR	1.00	Director	$0	$0	$0
TOM GUNDERSHAUG	DIRECTOR	1.00	Director	$0	$0	$0
JASON MORKEN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN CODY	DIRECTOR	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
2024	$232,400	$211,996	$709,465	$20,404
2023	$89,709	$125,717	$689,061	$-36,008
2022	$236,043	$99,670	$725,067	$136,373
2021	$131,116	$109,710	$588,726	$21,406
2020	$41,226	$80,475	$567,320	$-39,249
2019	$96,967	$112,487	$606,569	$-15,520
2018	$121,344	$146,028	$622,089	$-24,684

SONS OF NORWAY RECREATION CENTER