AArts, Culture & HumanitiesEIN: 450353644· Ruling Year: 1979

Norsk Hostfest Association

Minot, North Dakota

B-Health Score
48B-

Financial Health Score

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

Average

How This Organization Compares

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

Working Capital Ratio (net assets ÷ expenses)

This Org-0.44×
Peer Median210.95×
💰
$2.7M
Total Revenue
📊
$2.5M
Total Expenses
🏦
-$1.1M
Net Assets
📋
$1.3M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+39.7%
Year-over-year change (2022 → 2023)
Net Margin
+6.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
-0.44
Net assets divided by total expenses
Liabilities-to-Assets
884.0%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$2,689,91440%$2,515,77717%$141,98779%
2022$1,925,890562%$3,027,712640%$679,38636%
2021$291,12029%$408,9768%$501,34633%
2020$225,25495%$379,52491%$744,12315%
2019$4,113,04614%$4,035,4658%$874,03540%
2018$3,604,27612%$3,753,59117%$1,464,3077%
2017$3,208,7101%$3,200,0922%$1,369,78720%
2016$3,227,3019%$3,260,8043%$1,145,9401%
2015$2,953,08915%$3,153,31311%$1,131,09719%
2014$3,461,63512%$3,532,707$1,391,0527%
2013$3,081,9145%$3,535,2905%$1,492,74923%
2012$3,261,22515%$3,705,6841%$1,935,39416%
2011$2,842,335$3,663,121$1,663,116

Frequently Asked Questions

What does Norsk Hostfest Association do?

Norsk Hostfest Association is a arts, culture & humanities nonprofit organization based in North Dakota. It is classified under NTEE code A230 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Norsk Hostfest Association financially healthy?

Based on our 9-metric Financial Health Score model, Norsk Hostfest Association has a score of 48/100 (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 Norsk Hostfest Association generate?

Norsk Hostfest Association reports $3.5M in annual revenue and holds $200K in total assets, based on IRS filings.

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