CROATIAN CULTURAL CENTER OF CHICAGO

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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

1974

Legal Domicile

Tax Period

2023-02-01 to 2024-01-31

CROATIAN CULTURAL CENTER OF CHICAGO, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $631K in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $586K left a modest 7% surplus.

Mission

PRESERVE THE CROATIAN HISTORY CULTURE AND HERITAGE FROM GENERATION TO GENERATION BY OFFERING CLASSES TO ALL WHO WISH TO ATTEND

Program Service Accomplishments

Program 1

Expenses: $457,856 Revenue: $322,436

PROMOTE THE CULTURE AND HERITAGE IN THE CROATIAN COMMUNITY BY HAVING MEMBERS-ONLY COMMUNITY EVENTS AND SERVICES THAT MAINTAIN THE CULTURAL ASPECT OF CROATIA

Program 2

Expenses: $113,197 Revenue: $179,048

CROATIAN LANGUAGE EDUCATION

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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 $32,600

Program Service Revenue $598,440

Investment Income $0

Other Revenue $0

TOTAL REVENUE $631,040

Expense Breakdown

Grants Paid $14,722

Salaries & Benefits $57,513

Fundraising Expenses $0

Program Expenses $571,053

Other Expenses $513,477

TOTAL EXPENSES $585,712

Year-over-Year Comparison

	2023	2022	Change
Revenue	$631,040	$396,898	+0.6%
Expenses	$585,712	$384,157	+0.5%
Net Income	$45,328	$12,741	+2.6%

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
NADA VASILJ	DIRECTOR	40.00	Officer	$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	$631,040	$585,712	$674,490	$45,328
2023	$396,898	$384,157	$515,686	$12,741
2022	$363,756	$359,996	$504,094	$3,760
2021	$127,083	$118,056	$572,967	$9,027
2020	$534,333	$525,182	$571,692	$9,151
2019	$421,291	$433,202	$693,022	$-11,911