POLISH NATIONAL HOME OF HARTFORD INC (EIN 060496830) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1917

Legal Domicile

Principal Officer

JOHN MAJDAN

Phone

8602471784

Tax Period

2019-01-01 to 2019-12-31

POLISH NATIONAL HOME OF HARTFORD INC, founded in 1917, is a small nonprofit that reported $377K in total revenue in fiscal year 2019. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $465K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO FOSTER AND PROMOTE THE COMMON WELFARE OF THE POLISH-AMERICAN COMMUNITY IN THE HARTFORD AREA; TO SEEK AND ENCOURAGE ACTIVE PARTICIPATION BY THE YOUTH OF THE POLISH-AMERICAN COMMUNITY IN SOCIAL, CIVIC AND PATRIOTIC ACTIVITIES; TO MAKE AVAILABLE TO THE POLISH-AMERICAN COMMUNITY THE FACILITIES OF THE POLISH HOME;TO MAINTAIN A CENTER FOR THE USE AND BENEFIT OF THE COMMUNITY AND ITS VARIOUS BENEVOLENT, CHARITABLE, CIVIC, CULTURAL, RELIGIOUS AND SOCIAL ORGANIZATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $28,597

Program Service Revenue $0

Investment Income $0

Other Revenue $348,750

TOTAL REVENUE $377,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,578

Fundraising Expenses $0

Program Expenses $227,076

Other Expenses $207,505

TOTAL EXPENSES $465,083

Year-over-Year Comparison

	2019	2018	Change
Revenue	$377,347	$565,659	-0.3%
Expenses	$465,083	$652,104	-0.3%
Net Income	$-87,736	$-86,445	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACKIE BORKOWSKI	VICE PRESIDENT	5.00	Officer	$0	$0	$0
ROBERT KWASNICKI	PRESIDENT	5.00	Officer	$0	$0	$0
IRENE SYP UNDERWOOD	RECORDING SECRETARY	5.00	Officer	$0	$0	$0
MARK BRUKS	TREASURER	5.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2019	$377,347	$465,083	$193,025	$-87,736
2018	$565,659	$652,104	$217,318	$-86,445

POLISH NATIONAL HOME OF HARTFORD INC