Nordlys Foundation

Nordlys Foundation maintains strong asset reserves and zero officer compensation amidst fluctuating revenues.

EIN: 146205088 · Saratoga Spgs, NY · NTEE: T22 · Updated: 2026-03-28

$8.0MRevenue

$6.5MAssets

95/100Mission Score (Excellent)

T22

About Nordlys Foundation

Nordlys Foundation (EIN: 146205088) is a nonprofit organization based in Saratoga Spgs, NY, classified under NTEE code T22. The organization reported total revenue of $8.0M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nordlys Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Nordlys Foundation demonstrates consistent financial stability with a healthy asset base relative to its annual expenses. In the latest filing (202312), the organization reported assets of $1,094,677 against expenses of $251,452, indicating a strong reserve. Revenue has fluctuated over the years, with a notable increase in 202212 ($364,206) and 202312 ($349,783) compared to earlier periods like 201912 ($26,448). The foundation consistently reports zero officer compensation, which is a strong indicator of efficient use of funds and a commitment to its mission, as it suggests a volunteer or very low-cost leadership structure. The minimal liabilities across all reported periods further underscore its sound financial management.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Nordlys Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Nordlys Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Nordlys Foundation:

Consistent zero officer compensation, indicating high efficiency and dedication.
Strong asset base relative to annual expenses, providing financial stability (e.g., $1,094,677 assets vs. $251,452 expenses in 202312).
Minimal liabilities across all filing periods, reflecting sound financial management.
Recent increase in revenue in 202212 and 202312, suggesting growing support or successful fundraising efforts.

Frequently Asked Questions about Nordlys Foundation

Is Nordlys Foundation a good charity?

Based on the available IRS 990 data, Nordlys Foundation appears to be a very good charity. It demonstrates strong financial health with significant assets relative to expenses, consistently reports zero officer compensation, and maintains minimal liabilities, all of which point to efficient and responsible financial management.

How has Nordlys Foundation's revenue trended over time?

Nordlys Foundation's revenue has fluctuated significantly. It saw lower revenues in periods like 201912 ($26,448) and 201512 ($19,533), but experienced higher revenues in 202212 ($364,206) and 202312 ($349,783), indicating a recent upward trend in its financial intake.

What is the organization's approach to executive compensation?

The organization has consistently reported 0% for officer compensation in all available filings, suggesting a highly efficient model where executive leadership is either volunteer or compensated through other means not categorized as officer compensation, which is a positive indicator for donor funds.

Does Nordlys Foundation have sufficient assets to cover its operations?

Yes, Nordlys Foundation appears to have more than sufficient assets to cover its operations. In 202312, assets were $1,094,677 against expenses of $251,452, representing over four years of operating expenses in reserves, indicating strong financial stability.

Filing History

IRS 990 filing history for Nordlys Foundation showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2011–2023), Nordlys Foundation's revenue has grown by 1459.1%, moving from $22K to $350K. Total assets decreased by 3.9% over the same period, from $1.1M to $1.1M. Total functional expenses rose by 91.6%, from $131K to $251K. In its most recent filing year (2023), Nordlys Foundation reported a surplus of $98K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$350K	$251K	$1.1M	$1	—	—
2022	$364K	$287K	$996K	$1	—	View 990
2021	$188K	$268K	$902K	$1	—	View 990
2020	$199K	$237K	$982K	$1	—	—
2019	$26K	$273K	$832K	$1	—	View 990
2015	$20K	$47K	$1.3M	$0	—	View 990
2015	$95K	$163K	$1.4M	$1	—	View 990
2014	$673K	$153K	$1.4M	$1	—	View 990
2013	$41K	$139K	$910K	$250	—	View 990
2012	$68K	$199K	$1.0M	$1K	—	View 990
2011	$22K	$131K	$1.1M	$250	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $350K, expenses of $251K, and assets of $1.1M (revenue -4.0% year-over-year).
2022: Revenue of $364K, expenses of $287K, and assets of $996K (revenue +93.2% year-over-year).
2021: Revenue of $188K, expenses of $268K, and assets of $902K (revenue -5.1% year-over-year).
2020: Revenue of $199K, expenses of $237K, and assets of $982K (revenue +650.9% year-over-year).
2019: Revenue of $26K, expenses of $273K, and assets of $832K (revenue +35.4% year-over-year).
2015: Revenue of $20K, expenses of $47K, and assets of $1.3M (revenue -79.5% year-over-year).
2015: Revenue of $95K, expenses of $163K, and assets of $1.4M (revenue -85.8% year-over-year).
2014: Revenue of $673K, expenses of $153K, and assets of $1.4M (revenue +1556.6% year-over-year).
2013: Revenue of $41K, expenses of $139K, and assets of $910K (revenue -40.6% year-over-year).
2012: Revenue of $68K, expenses of $199K, and assets of $1.0M (revenue +205.1% year-over-year).
2011: Revenue of $22K, expenses of $131K, and assets of $1.1M.

Data Sources and Methodology

This transparency report for Nordlys Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.