Vasa Order of America 8 Lake Michigan Dist Lodge
Nonprofit profile at a glance
- EIN
- 237181309
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-N 2019
- Location
- Carmel, IN, USA
- Phone
- 3175067900
- Rating confidence
- Limited
Reported finances
- Revenue
- $160,018
- Expenses
- $82,118
- Assets
- $1,317,903
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Highest reported compensation
- LOIS KLUBENS (DISTRICT SECRETARY): $599 total reported compensation
- LINDA CHRISTENSEN (DISTRICT TREASURER): $599 total reported compensation
- LINNEA OGRENTZ (VICE DISTRICT SECRETARY): $300 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission is to perpetuate the noble heritage of our forefathers and foster nordic cultural activities by encouragement and reputation of its people. We are a district lodge of the vasa order of america, a fraternal society originally established for the benefit of swedish immigrants more than a century ago, but now dedicated to preserving and sharing our swedish and nordic culture and heritage.
What it reported doing in 2024
Dues and assessments are used to pay benefits to members and promote social andintellectual activities in order to preserve the ethnic heritage of the members. Activities of the organization include assisting younger generations in the aims and purposes of the order by supporting the institution and progress of children and youth clubs within the order. The organization creates and maintains funds for financial relief to members in need, those actively engaged in pursuit of higher education, and for uses towards causes for the betterment of human life and existence. The organization helps to maintain the national archives. The purpose of the national archives is for educational, historical and research; to preserve and display and make available records, documents, works of art, science, inventions and manufacture by persons of swedish ancestry and to promote public knowledge of an interest in the history of persons of scandinavian and particularly swedish ancestry. The main purpose is to preserve the records of the vasa order of america and its members. There is a family register where all vasa members and their families are chronicled. The completion of the register will be an important phase of our archive activity. It will serve future generations in their search for ancestry. Records, manuscripts and literature are not particularly exciting to view if a person is not directly interested in researching such material. As of the convention, the orgainzation had 732 members. 67 of these members were delegates and officers from the family register.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 93
- Accountability: 82
- Sustainability: 84
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 48.7%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 16.05; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 2.6%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: -0.7% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 10 of 10 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $599 · 10 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules · includes grants
- Filing history: 11 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 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.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.