Liabilities / Assets
78th percentile
Higher debt load relative to assets than 78% of similar nonprofits.
The Valhalla Fund
EIN 92-1700871 • 501(c)3 • Monroe, WA
Profile
See Schedule O Supplemental Information
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.09x
Liabilities / Revenue
81st percentile
Higher debt load relative to revenue than 81% of similar nonprofits.
Net Margin
30th percentile
Higher net margin than 30% of similar nonprofits.
Top Officer Pay
91st percentile
Higher top officer pay than 91% of similar nonprofits.
Top officer pay equals 15.3% of source-year revenue.
Asset Growth
40th percentile
Faster asset growth than 40% of similar nonprofits.
Revenue Growth
23rd percentile
Faster revenue growth than 23% of similar nonprofits.
Balance Sheet
Assets
Down$104,025
Down $9,439 (-8.3%) from 2023
Liabilities
Up$9,306
Up $2,740 (+42%) from 2023
Net Assets
Down$94,719
Down $12,179 (-11%) from 2023
Revenue
Down$119,578
Down $61,021 (-34%) from 2023
Expenses
Up$131,757
Up $58,056 (+79%) from 2023
Net Income
Down-$12,179
Down $119,077 (-111%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $104,025
- Liabilities
- $9,306
- Net assets
- $94,719
- Revenue
- $119,578
- Expenses
- $131,757
- Net income
- -$12,179
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2024Facts available. Structured filing facts are available, but richer extracted sections are limited. | $1.04 | $0.09 | $0.95 | $1.20 | $1.32 | $0.12 |
| 2023Detailed filing. Detailed filing data is available for this year. | $1.13 | $0.07 | $1.07 | $1.81 | $0.74 | $1.07 |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 3, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $119,578
Mission and Program Overview
Mission
See Schedule O Supplemental Information
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $109,691 | $102,256 | ▼ $7,435 |
| Rtn Earn Endowment Incm Other Fnds | $106,898 | $94,719 | ▼ $12,179 |
| Cash and Non-Interest-Bearing Accounts | $3,773 | $1,769 | ▼ $2,004 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $113,464 | $104,025 | ▼ $9,439 |
| Liabilities | |||
| Other Liabilities | $6,566 | $9,306 | ▲ $2,740 |
| Total Liabilities | $6,566 | $9,306 | ▲ $2,740 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $106,898 | $94,719 | ▼ $12,179 |
| Total Liabilities and Net Assets / Fund Balance | $113,464 | $104,025 | ▼ $9,439 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Christian Johanneson | CEO | PT | $18,342 | $18,342 |
Board Members and Trustees
| Name | Title |
|---|---|
| Alice Johanneson | Board Member |
| Connie Young | Board Member |
| Greg Hunter | Board Member |
| Regina Sperry | Board Member |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $113,593
- Program Service Revenue
- $0
- Investment Income
- $5,985
- Other Revenue
- $0
- All Other Contributions
- $113,593
- Change in Net Assets
- $-12,179
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $93,875 |
| Salaries, Compensation, and Employee Benefits | $22,882 |
| Grants and Similar Amounts Paid | $15,000 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Employee Benefits | $11,440 | $11,442 | - | $22,882 |
| Fees for Services Other | $18,129 | $180 | - | $18,309 |
| Grants to Domestic Orgs | $15,000 | - | - | $15,000 |
| Office Expenses | $6,879 | $6,879 | - | $13,758 |
| Fees for Services Accounting | $9,057 | $1,006 | - | $10,063 |
| All Other Expenses | $9,168 | $32 | - | $9,200 |
| Travel | $7,753 | - | - | $7,753 |
| Other Expenses | $4,396 | $488 | - | $4,884 |
| Information Technology | $2,181 | $190 | - | $2,371 |
| Advertising | $1,015 | $208 | - | $1,223 |
| Fees for Services Legal | $672 | $75 | - | $747 |
| Interest | $37 | - | - | $37 |
| Total Functional Expenses | $109,762 | $21,995 | $0 | $131,757 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| The Cleveland Clinic Foundation | Independence, OH | - | Idiopathic Pulmonary Fibrosis Medical Research | $15,000 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Credit Card Payable | $9,306 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- No
- Backup withholding compliance
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, line 2
“John "Jack" Johanneson (Research Volunteer) is the son of Christian Johanneson (CEO). Alice Johanneson is the wife of Christian Johanneson.”
Form 990, Part VI, Section B, line 11B
“The organization's governing documents and financial statements are available upon request.”
Form 990, Part VI, Section B, line 12C
“The purpose of The Valhalla Fund Conflict of Interest Policy is to protect the tax-exempt organization when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the organization or might result in a possible excess benefit transaction. To ensure The Valhalla Fund operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. Whether partnerships, joint ventures, and arrangements with management organizations conform to The Valhalla Fund's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit, or in an excess benefit transaction.”
Form 990, Part VI, Section C, line 19
“The organization's governing documents and financial statements are available upon request.”
Filing and Contact Details
Filer
- Filer Name
- The Valhalla Fund
- EIN
- 92-1700871
- Phone
- 4254453507
- Address
- 22220 HIGH BRIDGE RD, MONROE, WA 98272
Signing Officer
- Name
- Christian Johanneson
- Title
- CEO
- Phone
- 4254453507
- Signed
- 2025-11-03
Organization Details
- Principal Officer
- Christian Johanneson
- Formed
- 2023
- Legal Domicile
- Wa
- Voting Board Members
- 5
- Independent Board Members
- 3
- Employees
- 0
- Volunteers
- 0
Preparer
- Firm
- AMG National Trust Bank
- Address
- 6295 Greenwood Plaza Blvd, Greenwood Village, CO 80111-4908
- Preparer
- Sheri Sexton CPA
- Phone
- 3036942190
Supplemental Narrative
Additional Explanations
Form 990 Part I Line 1
“The Valhalla Fund's mission is to provide hope and support to individuals and families affected by Pulmonary Fibrosis while promoting awareness and advancing research toward finding a cure.”
Form 990, Part III, Line 1
“The Valhalla Fund's mission is to provide hope and support to individuals and families affected by Pulmonary Fibrosis while promoting awareness and advancing research toward finding a cure. Through compassionate care, education, and advocacy, they strive to improve the quality of life for those affected by this disease and work towards a future where Pulmonary Fibrosis is no longer a threat.”
Form 990, Part IX, line 11G
“FUNDRAISING FEES: Program service expenses 319. Management and general expenses 0. Fundraising expenses 0. Total expenses 319. PROFESSIONAL FEES: Program service expenses 17,810. Management and general expenses 180. Fundraising expenses 0. Total expenses 17,990.”
Form 990 Part XI Line 8
“Prior Period Adjustment of ($45,495)”
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 291742 |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | CREDIT CARD PAYABLE |
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| IRS990ScheduleD/TotalLiabilityAmt | 0 | 9306 |
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| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 0 | 0 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | IDIOPATHIC PULMONARY FIBROSIS MEDICAL RESEARCH |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | THE CLEVELAND CLINIC FOUNDATION |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 912153073 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 6801 BRECKSVILLE RD RK1-85 |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | INDEPENDENCE |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | OH |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The Valhalla Fund's mission is to provide hope and support to individuals and families affected by Pulmonary Fibrosis while promoting awareness and advancing research toward finding a cure. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The Valhalla Fund's mission is to provide hope and support to individuals and families affected by Pulmonary Fibrosis while promoting awareness and advancing research toward finding a cure. Through compassionate care, education, and advocacy, they strive to improve the quality of life for those affected by this disease and work towards a future where Pulmonary Fibrosis is no longer a threat. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | John "Jack" Johanneson (Research Volunteer) is the son of Christian Johanneson (CEO). Alice Johanneson is the wife of Christian Johanneson. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The organization's governing documents and financial statements are available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | The purpose of The Valhalla Fund Conflict of Interest Policy is to protect the tax-exempt organization when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the organization or might result in a possible excess benefit transaction. To ensure The Valhalla Fund operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. Whether partnerships, joint ventures, and arrangements with management organizations conform to The Valhalla Fund's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit, or in an excess benefit transaction. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | The organization's governing documents and financial statements are available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | FUNDRAISING FEES: Program service expenses 319. Management and general expenses 0. Fundraising expenses 0. Total expenses 319. PROFESSIONAL FEES: Program service expenses 17,810. Management and general expenses 180. Fundraising expenses 0. Total expenses 17,990. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Prior Period Adjustment of ($45,495) |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990 Part I Line 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part III, Line 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section A, line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part IX, line 11g |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990 Part XI Line 8 |
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| IRS990/USAddress/AddressLine1Txt | 0 | 22220 HIGH BRIDGE RD |
| IRS990/USAddress/CityNm | 0 | MONROE |
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| IRS990/VotingMembersIndependentCnt | 0 | 3 |
| IRS990/WebsiteAddressTxt | 0 | thevalhallafund.org |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHRISTIAN JOHANNESON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4254453507 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-03 |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | AMG National Trust Bank |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 6295 Greenwood Plaza Blvd |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Greenwood Village |
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| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3036942190 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Sheri Sexton CPA |
| ReturnHeader/ReturnTs | 0 | 2025-11-03T08:15:01-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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