NATIONAL SLOVAK SOCIETY OF THE USA

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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

1890

Legal Domicile

Principal Officer

JOSEPH STEFKA JR

Phone

7247310094

Tax Period

2024-01-01 to 2024-12-31

NATIONAL SLOVAK SOCIETY OF THE USA, founded in 1890, is a major nonprofit that reported $325.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE OUR FRATERNAL FAMILY MEMBERS' FINANCIAL SECURITY VIA LIFE AND ANNUITY PRODUCTS, WHILE OFFERING CHARITABLE, CULTURAL, SOCIAL, AND EDUCATIONAL OPPORTUNITIES THAT BENEFIT THEM AND THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $317,683,705

THE PURPOSE OF THE SOCIETY SHALL BE TO OPERATE FOR THE BENEFIT OF ITS MEMBERS AND THEIR BENEFICIARIES BY PROVIDING CONTRACTUAL BENEFITS TO ITS MEMBERS THROUGH LIFE AND ANNUITY PRODUCTS AND OPERATING FOR ONE OR MORE SOCIAL, INTELLECTUAL, EDUCATIONAL, CHARITABLE, BENEVOLANT, FRATERNAL, OR PATRIOTIC PURPOSES FOR THE BENEFIT OF ITS MEMBERS, WHICH MAY ALSO BE EXTENDED TO OTHERS ACQUAINTED WITH ITS MEMBERS. LIFE INSURANCE ACTIVITIES AND BENEFITS (26,938 CERTIFICATES IN FORCE: $680,006,881 AMOUNT OF INSURANCE IN FORCE).

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $232,544,262

Investment Income $92,655,455

Other Revenue $0

TOTAL REVENUE $325,199,717

Expense Breakdown

Grants Paid $121,818

Salaries & Benefits $5,383,472

Fundraising Expenses $0

Program Expenses $317,683,705

Other Expenses $43,134,694

TOTAL EXPENSES $317,683,705

Year-over-Year Comparison

	2024	2023	Change
Revenue	$325,199,717	$334,743,715	0.0%
Expenses	$317,683,705	$328,150,446	0.0%
Net Income	$7,516,012	$6,593,269	+0.1%

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

N/A

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

$996,852

Total Directors

$354,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABIGAIL GROSS	BOARD MEMBER	2.00	Director	$34,500	$0	$34,500
ANDREA GARBON	BOARD MEMBER	2.00	Director	$30,500	$0	$30,500
ANDREW WESNAK	BOARD MEMBER	2.00	Director	$31,500	$0	$31,500
KEITH A KUCHERAWY	BOARD MEMBER	2.00	Director	$29,750	$0	$29,750
LAUREN FOX	BOARD MEMBER	2.00	Director	$32,950	$0	$32,950
MICHAEL CZARNEY	BOARD MEMBER	2.00	Director	$40,600	$0	$40,600
ROBERT KATRICAK	CHAIRMAN OF THE BOARD	10.00	Director	$77,500	$0	$77,500
SUSAN ONDREJCO	BOARD MEMBER	5.00	Director	$46,725	$0	$46,725
THERESA M ZEMELMAN	BOARD MEMBER	2.00	Director	$30,350	$0	$30,350
JOHN PAYERCHINAS OF 123124	SECRETARY-TREASURER/CFO-DESIGNATE	40.00	Officer	$166,103	$19,994	$186,097
JOSEPH STEFKA JR	PRESIDENT/CEO	40.00	Officer	$347,189	$67,899	$415,088
LINDA STROM THRU 123124	SECRETARY/TREASURER/CFO	40.00	Officer	$340,379	$55,288	$395,667
DONNA TENNEY	CONTROLLER	40.00	Highest	$208,977	$43,755	$252,732
GREG FELTON	SALES DIRECTOR	40.00	Highest	$229,072	$42,176	$271,248
JEFFREY DE SANTES	FIELD DEVELOPMENT MANAGER	40.00	Highest	$222,272	$58,629	$280,901
JOSEPH ELLIOTT	HOME OFFICE SALES REPRESENTATIVE	40.00	Highest	$337,710	$61,667	$399,377
LISA SHRIVER	MODEL OFFICE MANAGER	40.00	Highest	$182,671	$53,088	$235,759

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	$325,199,717	$317,683,705	$1,836,093,001	$7,516,012
2023	$334,743,715	$328,150,446	$1,806,044,969	$6,593,269
2022	$303,495,511	$285,526,458	$1,762,019,273	$17,969,053
2021	$343,047,984	$331,398,788	$1,648,444,321	$11,649,196
2020	$253,301,754	$245,461,528	$1,450,739,940	$7,840,226
2019	$235,393,544	$226,503,075	$1,317,899,478	$8,890,469
2018	$206,639,531	$199,505,421	$1,211,903,955	$7,134,110