AArts, Culture & HumanitiesEIN: 426081638· Ruling Year: 1965

Vesterheim Norwegian American Museum

Decorah, Iowa

B+Health Score
73B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 2 peers in Arts, Culture & Humanities with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org6.57×
Peer Median210.95×
💰
$5.0M
Total Revenue
📊
$3.8M
Total Expenses
🏦
$25.2M
Net Assets
📋
$5.8M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-9.4%
Year-over-year change (2022 → 2023)
Net Margin
+23.7%
Revenue minus expenses as % of revenue
Working Capital Ratio
6.57
Net assets divided by total expenses
Liabilities-to-Assets
18.7%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$5,032,8679%$3,841,10115%$31,026,30318%
2022$5,553,55123%$3,340,22018%$26,285,6975%
2021$7,187,886234%$2,823,0524%$24,953,27224%
2020$2,153,03230%$2,933,3398%$20,072,5255%
2019$3,077,29541%$3,198,84315%$19,170,70813%
2018$5,247,85396%$2,772,5616%$16,920,5212%
2017$2,678,5298%$2,626,77516%$16,634,5118%
2016$2,915,32838%$2,258,4276%$15,415,90216%
2015$4,721,83643%$2,413,81611%$13,336,34615%
2014$3,292,51630%$2,182,03310%$11,631,09813%
2013$2,534,23329%$1,978,80317%$10,306,02615%
2012$1,971,03628%$1,685,25516%$8,929,6402%
2011$1,534,497$1,447,897$8,713,291

Frequently Asked Questions

What does Vesterheim Norwegian American Museum do?

Vesterheim Norwegian American Museum is a arts, culture & humanities nonprofit organization based in Iowa. It is classified under NTEE code A500 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Vesterheim Norwegian American Museum financially healthy?

Based on our 9-metric Financial Health Score model, Vesterheim Norwegian American Museum has a score of 73/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Vesterheim Norwegian American Museum generate?

Vesterheim Norwegian American Museum reports $4.7M in annual revenue and holds $30.7M in total assets, based on IRS filings.

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Vesterheim Norwegian American Museum — Decorah, IA | GiveScope