POLISH-AMERICAN FOUNDATION OF CONNECTICUT INC (EIN 061466812) - 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

1996

Legal Domicile

Principal Officer

ADAM FORMUS CPA

Phone

8608286991

Tax Period

2024-07-01 to 2025-06-30

POLISH-AMERICAN FOUNDATION OF CONNECTICUT INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $498K in total revenue in fiscal year 2024. Revenue surged 1971% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 16% operating margin.

Mission

THE POLISH-AMERICAN FOUNDATION OF CT, INC. SEEKS TO ENHANCE THE CULTURAL AND ECONOMIC DEVELOPMENT OF THE COMMUNITY BY SPONSORING CULTURAL AND EDUCATIONAL PROGRAMS, ACTIVITIES, IMPROVING ACCESS TO AND PROVIDING SOCIAL AND WORKFORCE DEVELOPMENT SERVICE, PROMOTING OPPORTUNITIES, PRESERVING AND PROMOTING CULTURAL AND IMMIGRANT HERITAGE, FOSTERING INTER-ETHNIC UNDERSTANDING AND INTERNATIONAL EXCHANGE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $288,307

Program Service Revenue $207,624

Investment Income $1,857

Other Revenue $0

TOTAL REVENUE $497,788

Expense Breakdown

Grants Paid $93,468

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $390,714

Other Expenses $325,867

TOTAL EXPENSES $419,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$497,788	$24,031	+19.7%
Expenses	$419,335	$459,568	-0.1%
Net Income	$78,453	$-435,537	-1.2%

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

Employees

N/A

Volunteers

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
ANDRE BLASZCZYNSKI	PRESIDENT	10.00	Officer Director	$0	$0	$0
ASHA LASSEN	FIRST VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KAZIMIERA KOZLOWSKI	SECRETARY	5.00	Director	$0	$0	$0
JOANNA GORSKI	DIRECTOR	1.00	Officer Director	$0	$0	$0
DEMETRIOS GIANNAROS	DIRECTOR	1.00	Director	$0	$0	$0
ADRIAN BARON	DIRECTOR	1.00	Director	$0	$0	$0
ADAM M FORMUS	TREASURER	10.00	Officer Director	$0	$0	$0
ANNA SIELAWKO	DIRECTOR	1.00	Director	$0	$0	$0
ADAM GORSKI	2ND VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DEBRA BRODACKI	DIRECTOR	1.00	Director	$0	$0	$0
BOGUMILA GLADYSZ	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GWARA	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET MALINOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
DORENA WASIK	DIRECTOR	1.00	Director	$0	$0	$0
IGNACY GAYDAMOVICH	DIRECTOR	1.00	Director	$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
2025	$497,788	$419,335	$451,118	$78,453
2024	No data	No data	No data	No data
2023	$457,365	$421,769	$961,472	$35,596
2022	$425,069	$394,956	$851,182	$30,113
2021	$158,628	$141,954	$749,828	$16,674
2020	$309,341	$295,493	$725,044	$13,848
2019	$333,926	$311,249	$647,851	$22,677
2018	$325,588	$341,073	$591,944	$-15,485

POLISH-AMERICAN FOUNDATION OF CONNECTICUT INC