Vasa Order of America the Grand Lodge
Nonprofit profile at a glance
- EIN
- 046050224
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-N 2009
- Location
- Hackettstown, NJ, USA
- Phone
- 4082687250
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $129,321
- Expenses
- $269,497
- Assets
- $10,933,098
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Highest reported compensation
- MARLENE PATIENT (GRAND SECRET): $7,800 total reported compensation
- KEVIN DEFEO (GRAND TREASU): $7,800 total reported compensation
- LILLIAN MOORE (VICE GRAND S): $1,800 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 of the grand lodge vasa order of america is to to render aid and assistance to sick members of the corporation, whether such sickness be temporary or incurable, and to render pecuniary aid toward defraying the funeral expenses of members, and to promote social and intellectual intercourse among its members. The objectives of the grand lodge vasa order of america comprise the following: 1. To perpetuate the noble heritage of our forefathers and to foster nordic cultural activities by encouragement and example to its members. 2. With our motto generosity, truth and unity as a foundation, endeavor to perpetuate the moral and social standards of its members in order to strengthen the high ideals and reputation of its people. 3. To interest and assist the younger generations in the aims and purposes of the order by supporting the institution and progress of children and youth clubs within the order. 4. To create and maintain funds for financial relief to its members in need of s
What it reported doing in 2024
Old age and needy benefit fund provides assistance to members in need. Benefits were paid to 20 sick and needy members of the vasa order of america in the past fiscal year. In july 2022, vasa members from sweden, canada, and the united states gathered in philadelphia to attend the 40th quadrennial convention of the grand lodge - vasa order of america. The grand lodge delegates spent many hours in committee meetings and then, gathering with all the voting members - making decisions that will affect the future of the vasa order of america.
Operating model
- Revenue model
- Membership-supported. 86% of the money available for current operations came from membership dues.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 45% for direct work, 44% for grants, and 12% for member benefits.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 93
- Accountability: 90
- Sustainability: 43
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 84.8%; rating input score 85
- 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: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -108.4%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 40.57; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 6.5%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: 0.7% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: -8.7% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 5.2% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 84.8% of spending went to programs
- Governance: 10 of 10 board members independent · 6 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $228K in reported program spending
- Leadership: top reported pay $8K · 10 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 3 filed schedules · includes grants
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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 — Sustainability: Operating margin scored 2/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.