THE UKRAINIAN NATIONAL FOUNDATION INC

EIN: 222224442 501(c)(3) International Affairs

PARSIPPANY, NJ

Total Revenue
$2,767,517
Total Expenses
$2,571,779
Total Assets
$22,911,371
Net Assets
$22,710,972
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NJ
Principal Officer
ROMAN HIRNIAK
Phone
9732929800
Tax Period
2024-01-01 to 2024-12-31

THE UKRAINIAN NATIONAL FOUNDATION INC, founded in 1992, is a community nonprofit in the International Affairs sector that reported $2.8M in total revenue in fiscal year 2024. Expenses of $2.6M left a modest 7% surplus.

Mission

THE UKRAINIAN NATIONAL FOUNDATION, INC. IS COMMITTED TO THE CREATION AND PRESERVATION OF A SELF-SUSTAINING, CULTURAL, EDUCATIONAL, AND SPORTS/RECREATIONAL CENTER FOR THE UKRAINIAN-AMERICAN COMMUNITY THROUGH ITS OWNERSHIP OF THE SOYUZIVKA CULTURAL CENTER ("SCC"). THE ORGANIZATION ALSO ADMINISTERS VARIOUS PROGRAMS FOR EDUCATIONAL SCHOLARSHIPS, CHARITABLE THIRD PARTY ORGANIZATION FUNDS, AND RELIGIOUS PURPOSES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $397,275
Program Service Revenue $1,450,500
Investment Income $919,742
Other Revenue $0
TOTAL REVENUE $2,767,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $894,975
Fundraising Expenses $0
Program Expenses $2,391,426
Other Expenses $1,676,804
TOTAL EXPENSES $2,571,779

Year-over-Year Comparison

2024 2023 Change
Revenue $2,767,517 $2,805,453 0.0%
Expenses $2,571,779 $2,232,461 +0.2%
Net Income $195,738 $572,992 -0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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

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Governance

Voting Members
7
Independent Members
3
Employees
56
Volunteers
20

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
3
$222,080
Total Directors
7
$222,080
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROMAN HIRNIAK PRESIDENT 2.00
Officer Director
$0 $2,390 $222,080
GERALD TYSIAK TREASURER 11.00
Officer Director
$0 $0 $0
BOHDANA PUZYK SECRETARY 2.00
Officer Director
$0 $0 $0
ANDRIJ CADE MEMBER 1.00
Director
$0 $0 $0
VOLODYA KRUL MEMBER 1.00
Director
$0 $0 $0
ARIANA BABCZENKO MEMBER 1.00
Director
$0 $0 $0
VALENTYNA TABAKA MEMBER 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
2024 No data No data No data No data
2024 $2,767,517 $2,571,779 $22,911,371 $195,738
2023 $1,917,908 $2,075,418 $19,864,488 $-157,510
2023 $2,805,453 $2,232,461 $21,500,714 $572,992
2022 $1,974,638 $2,056,958 $19,642,754 $-82,320
2022 $1,640,746 $1,841,313 $19,875,367 $-200,567
2021 $720,505 $861,199 $20,038,030 $-140,694
2020 $15,034,622 $1,021,045 $20,169,747 $14,013,577
2019 $1,339,294 $2,127,720 $6,221,835 $-788,426
2018 $1,246,494 $2,318,401 $6,970,252 $-1,071,907
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