Independent Order of Vikings

Nonprofit profile at a glance

EIN
361260620
IRS 990 coverage
2015–2022
Forms available
Form 990 2022, Form 990-N 2014
Location
Lansing, MI, USA
Phone
2626543384
Rating
47
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$62,891
Expenses
$108,831
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

13 people listed

Highest reported compensation

  • EIVOR BRITT-LOUISE HICHUE (GRAND SECRETARY): $500 total reported compensation
  • RODNEY WAYNE OTTUM (VICE GRAND CHIEF): $350 total reported compensation
  • MELINDA RAE WORDEN (GRAND CHIEF): $300 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The independent order of vikings (iov) operates to benefit its members under the lodge system. The iov collects individual assessment premiums from its members for the purpose of paying life insurance or other benefits and maintaining a solvent legal reserve system.

What it reported doing in 2022

The independent order of vikings (iov) is a fraternal benefit society exempt under section 501(c)(8) of the internal revenue code. The iov operates to benefit its members under the lodge system. The iov collects individual assessment premiums from its members for the purpose of paying life insurance or other benefits and maintaining a solvent legal reserve system.

Operating model

Revenue model
Earned-program. 84% of the money available for current operations came from fees and other program revenue.
Distribution model
Member-benefit provider. The nonprofit used 100% of its reported program spending for member benefits.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 11
  • Transparency & Controls: 75
  • Accountability: 84
  • Sustainability: 17
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 14.3%; rating input score 14
  • Program expense ratio: 9.9%; rating input score 10
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 83.3%; rating input score 83; 4th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Limited
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -73%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 2%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 14.7% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: -17.8% per year; rating input score 0; 23rd percentile among comparable filings
  • Asset growth: -19.4% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 14.3% of revenue deployed · 9.9% of spending went to programs
  • Governance: 13 of 13 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $500 · 13 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2015 to 2022
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 14/100.
  • High — Financial Efficiency: Program expense ratio scored 10/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 20/100.