FIRST HUNGARIAN LITERARY SOCIETY I… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

KARL BARDOSH

Phone

2128733097

Tax Period

2023-01-01 to 2023-12-31

FIRST HUNGARIAN LITERARY SOCIETY INC, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $173K in total revenue in fiscal year 2023. Revenue surged 794% from the prior year, signaling strong growth momentum. Net assets of $12.1M represent 836 months of operating reserves.

Mission

TO FOSTER CULTURE, TO CULTIVATE LITERATURE, THE ARTS AND SCIENCES OF HUNGARY THROUGH MEETINGS, CONFERENCES AND SIMILAR ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $153,344

EDUCATIONAL LECTURES AS WELL AS VIDEOS AND CONCERTS RELATED TO THE HISTORY OF HUNGARY, AS WELL AS HUNGARIAN CURRENT LIFE, FOLK MUSIC AND POETRY.

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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 $0

Program Service Revenue $0

Investment Income $170,871

Other Revenue $2,293

TOTAL REVENUE $173,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $153,344

Other Expenses $180,190

TOTAL EXPENSES $180,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$173,164	$19,362	+7.9%
Expenses	$180,190	$146,718	+0.2%
Net Income	$-7,026	$-127,356	-0.9%

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
FRED LEVINE	Treasurer	20.00	Director	$0	$0	$0
KARL BARDOSH	President	20.00	Director	$0	$0	$0
JULIET GLUCK	CFO	20.00	Director	$0	$0	$0
AGNES CHESE	Trustee	20.00	Director	$0	$0	$0
DAVID GLUCK	Trustee	20.00	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
2023	$173,164	$180,190	$12,059,341	$-7,026
2022	$19,362	$146,718	$12,037,838	$-127,356
2021	$8,361	$37,961	$12,229,653	$-29,600
2020	$44,060	$102,215	$12,286,239	$-58,155
2019	$145,317	$53,306	$12,343,945	$92,011
2018	$171,342	$645,055	$12,224,383	$-473,713

FIRST HUNGARIAN LITERARY SOCIETY INC