POLISH AND SLAVIC CENTER INC

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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

1972

Legal Domicile

Principal Officer

AGNIESZKA GRANATOWSKA

Phone

7183835290

Tax Period

2023-07-01 to 2024-06-30

POLISH AND SLAVIC CENTER INC, founded in 1972, is a community nonprofit in the Human Services sector that reported $3.1M in total revenue in fiscal year 2023. Expenses of $2.9M left a modest 5% surplus.

Mission

TO SERVE THE POLISH & SLAVIC COMMUNITIES OF GREATER NEW YORK THROUGH PROGRAMS THAT INCLUDE MEALS, SOCIAL SERVICES, NATURALIZATION, ENGLISH CLASSES, LEGAL SEVICES AND POLISH & SLAVIC MEDIA COMMUNICATIONS.

Program Service Accomplishments

Program 1

Expenses: $1,722,661

SENIOR MEALS - PROVIDE CONGREGATE AND HOMEBOUND MEALS DAILY TO SENIORS. PSC ALSO PROVIDES EDUCATIONAL AND RECREATIONAL ACTIVITIES FOR OLDER PEOPLE SUCH AS: BINGO, DOMINOES, EXERCISES, DANCE LESSONS, MOVIES, DISCUSSION GROUPS, ETC. FULL-TIME SOCIAL WORKERS HELP SENIORS WITH CASE ASSISTANCE IN VARIOUS MATTERS (SOCIAL SECURITY BENEFITS, MEDICARE, HOUSING, HEALTH INSURANCE)

Program 2

Expenses: $196,266

EXTENDED SOCIAL SERVICES - OFFER INFORMATION, HELP AND ASSISTANCE IN OBTAINING BENEFITS IN THE FOLLOWING AREAS: SSA BENEFITS, MEDICARE, MEDICAID, PUBLIC ASSISTANCE, FOOD STAMPS, UNEMPLOYMENT BENEFIT, HOUSING, AND ACCESS-A-RIDE. PSC'S WORK CONSISTS OF GIVING COMPLETE INFORMATION ABOUT ALL BENEFITS, FILLING OUT APPLICATIONS, PRESCREENING FOR ELIGIBILITY, TRANSLATING DOCUMENTS, EXPLAINING LAWS AND REGULATIONS, AND UTILIZING PSC PHONE CONTACTS TO DIFFERENT AGENCIES OR SERVICES TO SOLVE PROBLEMS PROMPTLY.

Program 3

Expenses: $91,044 Revenue: $23,282

LEGAL AND IMMIGRATION SERVICES - PROVIDE LEGAL SERVICES MOSTLY IN THE AREA OF IMMIGRATION. PSC'S MAIN SERVICE IS THE ADJUSTMENT OF STATUS AND FAMILY SPONSORING PETITIONS. PSC ALSO ASSISTS IN...

LEGAL AND IMMIGRATION SERVICES - PROVIDE LEGAL SERVICES MOSTLY IN THE AREA OF IMMIGRATION. PSC'S MAIN SERVICE IS THE ADJUSTMENT OF STATUS AND FAMILY SPONSORING PETITIONS. PSC ALSO ASSISTS IN NATURALIZATION PROCEEDINGS, INCLUDING FILLING OUT APPLICATIONS AND ORGANIZING PREPARATION COURSES. PSC'S ATTORNEY PROVIDES LEGAL ADVICE AND PERSONAL ASSISTANCE IN IMMIGRATION MATTERS, LANDLORD/TENANT DISPUTES, CHILD SUPPORT AND DIVORCE MATTERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,751,906

Program Service Revenue $172,552

Investment Income $0

Other Revenue $126,000

TOTAL REVENUE $3,050,458

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $1,332,389

Fundraising Expenses $0

Program Expenses $2,018,971

Other Expenses $1,558,955

TOTAL EXPENSES $2,900,344

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,050,458	$3,197,831	0.0%
Expenses	$2,900,344	$3,008,271	0.0%
Net Income	$150,114	$189,560	-0.2%

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

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

$78,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIAN ZAK	PRESIDENT	5.000		$0	$0	$0
JOSEPH SZPILSKI	VICE PRESIDENT	2.000	Director	$0	$0	$0
PAUL PACHACZ	2ND VICE PRESIDET	5.000	Officer Director	$0	$0	$0
ZBIGNIEW SOLARZ	TREASURER	5.000	Officer Director	$0	$0	$0
BOZENA KONKIEL	SECRETARY	5.000	Officer Director	$0	$0	$0
ISABELLA KOLBUS SALKIN	DIRECTOR	2.000	Officer Director	$0	$0	$0
ARTUR DYBANOWSKI	DIRECTOR	2.000	Officer Director	$0	$0	$0
BOZENA PIEKARZ-LESICZKA	DIRECTOR	2.000	Officer Director	$0	$0	$0
ROMUALD MAGDA	DIRECTOR	2.000	Officer Director	$0	$0	$0
AGNIESZKA GRANATOWSKA	EXECUTIVE DIRECTOR	35.00	Officer	$78,600	$0	$78,600

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	No data	No data	No data	No data
2024	$3,050,458	$2,900,344	$1,759,412	$150,114
2023	$3,197,831	$3,008,271	$1,508,203	$189,560
2022	$3,280,909	$2,998,881	$1,002,121	$282,028
2021	$1,882,076	$1,956,731	$971,823	$-74,655
2020	$2,157,741	$2,102,506	$836,142	$55,235
2019	$2,137,674	$2,230,036	$429,260	$-92,362