UKRAINIAN INSTITUTE OF AMERICA 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

1948

Legal Domicile

Principal Officer

KATHY L NALYWAJKO

Phone

2122888660

Tax Period

2023-07-01 to 2024-06-30

UKRAINIAN INSTITUTE OF AMERICA INC, founded in 1948, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 4% surplus.

Mission

TO HELP AND PROMOTE CULTURAL, SOCIAL AND EDUCATIONAL EVENTS AND ACTIVITIES SHOWCASING UKRAINIAN ART, CULTURE AND HISTORY TO THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $67,696 Revenue: $27,776

MUSIC AT THE INSTITUTE:FROM JULY 2023- JUNE 2024, THE UIA HELD 8 MATI CONCERTS. EACH CONCERT HAD A UKRAINIAN THEME FEATURING UKRAINIAN MUSIC, COMPOSER, OR PERFORMER. ATTENDANCE PER CONCERT RANGED...

MUSIC AT THE INSTITUTE:FROM JULY 2023- JUNE 2024, THE UIA HELD 8 MATI CONCERTS. EACH CONCERT HAD A UKRAINIAN THEME FEATURING UKRAINIAN MUSIC, COMPOSER, OR PERFORMER. ATTENDANCE PER CONCERT RANGED FROM 33 TO 120 PEOPLE PER CONCERT, DRAWING FROM THE LOCAL NYC COMMUNITY AND THE UKRAINIAN COMMUNITY OF THE GREATER TRI-STATE AREA. 1. CELEBRATING THE PAST, PRESENT AND FUTURE2. MEET DMYTRO CHONI 3. A BENEFIT WITH FRIENDS OF UKRAINE4. IMPRESSIONS AND SILENT AUCTION TO BENEFIT UKRAINE5. UKRAINIAN MASTERS - NEW ALBUM ON NAXOS 6. UKRAINE IN THE EYES OF OTHERS 7. YAKYMENKO AND STEPOVY - TWO BROTHERS, TWO DIFFERENT FATES 8. MATI - 35TH SEASON FINALE

Program 2

Expenses: $14,140 Revenue: $8,568

ART AT THE INSTITUTE:FROM JULY 2023 - JUNE 2024, ART AT THE INSTITUTE PRESENTED 5 EXHIBITIONS AND 3 ARTIST TALKS BY CONTEMPORARY UKRAINIAN, UKRAINIAN-AMERICAN AND LITHUANIAN ARTISTS.1. NELLY FEDCHUN: A TRIBUTE TO SIGNIFICANT FORM 2. CLASSIC.RELEVANT 3. ARMINE BOZHKO: IN THE PRESENCE OF TIME PASSING4. NOT ALL OF THEM 5. EUGENY KOTLYAR: THE LIGHT OF REVIVAL - STAINED GLASS DESIGN FOR RESTITUTED SYNAGOGUES OF UKRAINE6. IN CONVERSATION: LITHUANIAN PHOTOGRAPHER ARTRAS MOROZOVAS 7. ARMINE BOZHKO ARTIST TALK AND EXHIBITION WALK-THROUGH8. AN EVENING WITH ARMINE BOZHKO AND VASYL MAKHNO

Program 3

Expenses: $3,263 Revenue: $3,222

FILM AT THE INSTITUTE: 5 SCREENINGS 1. 20 DAYS IN MARIUPOL2. '20 DAYS IN MARIUPOL' SCREENING & CONVERSATION3. BUCHA 4. FREEDOM ON FIRE5. SCREENING OF SAVING OF THE ANIMALS OF UKRAINE

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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 $310,118

Program Service Revenue $273,309

Investment Income $98,549

Other Revenue $600,890

TOTAL REVENUE $1,282,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $353,963

Fundraising Expenses $57,288

Program Expenses $879,100

Other Expenses $872,680

TOTAL EXPENSES $1,226,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,282,866	$1,181,673	+0.1%
Expenses	$1,226,643	$1,106,317	+0.1%
Net Income	$56,223	$75,356	-0.3%

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

$120,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY NALYWAJKO	PRESIDENT	8.00	Officer Director	$0	$0	$0
ARTUR HRYHOROWYCH	FIRST VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
STAN FEDIUK	TREASURER	4.00	Officer Director	$0	$0	$0
ADRIANNA MELNYK	SECRETARY	4.00	Officer Director	$0	$0	$0
ZENON CHERNYK	DIRECTOR	3.00	Director	$0	$0	$0
GEORGE CHOPIVSKY	DIRECTOR	3.00	Director	$0	$0	$0
ZWEN GOY	DIRECTOR	3.00	Director	$0	$0	$0
ANDREI HARASYMIAK	DIRECTOR	3.00	Director	$0	$0	$0
ANDREW HORODYSKY	DIRECTOR	3.00	Director	$0	$0	$0
WALTER HOYDYSH	DIRECTOR	3.00	Director	$0	$0	$0
SOLOMIYA IVAKHIV	DIRECTOR	3.00	Director	$0	$0	$0
GEORGE KIHICZAK	DIRECTOR	3.00	Director	$0	$0	$0
TAISA MARKUS	DIRECTOR	3.00	Director	$0	$0	$0
CHARLIE PODPIRKA	DIRECTOR	3.00	Director	$0	$0	$0
NATALIE TROJAN	DIRECTOR	3.00	Director	$0	$0	$0
LYDIA ZAININGER	EXECUTIVE DIRECTOR	40.00	Officer	$120,000	$0	$120,000

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	$1,282,866	$1,226,643	$6,390,705	$56,223
2023	$1,181,673	$1,106,317	$5,965,927	$75,356
2022	$1,579,756	$896,639	$5,656,458	$683,117
2021	$775,862	$656,663	$5,746,312	$119,199
2020	$860,250	$795,066	$5,083,371	$65,184
2019	$768,990	$765,653	$4,981,004	$3,337
2018	$983,635	$853,637	$4,983,578	$129,998