SLAVONIC AMERICAN HOME ASSOCIATION

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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

1941

Legal Domicile

Principal Officer

RONALD FIRMENT

Phone

7244244269

Tax Period

2024-01-01 to 2024-12-31

SLAVONIC AMERICAN HOME ASSOCIATION, founded in 1941, is a micro nonprofit in the Human Services sector that reported $82K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $152K exceeded revenue, resulting in a 85% operating deficit.

Mission

THE ASSOCIATION PROVIDES SOCIAL SERVICES THAT PRESERVE AND PROMOTE THE SOCIAL WELFARE, CUSTOMS AND TRADITIONS OF THE SLAVONIC COMMUNITY. THE ORGANIZATION ALSO PROVIDES FINANCIAL SUPPORT TO CHARITABLE EVENTS IN THE COMMUNITY AND ALSO PROVIDES SCHOLARSHIPS TO LOCAL STUDENTS TO ASSIST THEM IN PAYMENT OF HIGHER EDUCATION TUITION EXPENSES.

Program Service Accomplishments

Program 1

Expenses: $126,083

THE ASSOCIATION PROVIDES SOCIAL SERVICES THAT PRESERVE AND PROMOTE THE SOCIAL WELFARE, CUSTOMS, AND TRADITIONS OF THE SLAVONIC COMMUNITY BY PROVIDING A VENUE FOR VARIOUS ACTIVITIES FOR THE SOCIAL...

THE ASSOCIATION PROVIDES SOCIAL SERVICES THAT PRESERVE AND PROMOTE THE SOCIAL WELFARE, CUSTOMS, AND TRADITIONS OF THE SLAVONIC COMMUNITY BY PROVIDING A VENUE FOR VARIOUS ACTIVITIES FOR THE SOCIAL INTERACTION OF ITS MEMBERS. IT ALSO PROVIDES ILLNESS AND BEREAVEMENT BENEFITS TO MEMBERS AND THEIR FAMILIES.

Program 2

Expenses: $3,750

THE ASSOCIATION PROVIDES SOCIAL SERVICES BY GRANTING FINANCIAL SUPPORT AND ASSISTANCE TO AT LEAST 26 COMMUNITY ORGANIZATIONS THAT PROMOTE CHARITABLE, EDUCATIONAL, AND RECREATIONAL PROGRAMS AND...

THE ASSOCIATION PROVIDES SOCIAL SERVICES BY GRANTING FINANCIAL SUPPORT AND ASSISTANCE TO AT LEAST 26 COMMUNITY ORGANIZATIONS THAT PROMOTE CHARITABLE, EDUCATIONAL, AND RECREATIONAL PROGRAMS AND SERVICES; INCLUDING VOLUNTEER FIRE DEPARTMENTS, COMMUNITY FOOD BANKS, CHURCHES, SCHOOLS, AND YOUTH SPORT TEAMS.

Program 3

Expenses: $3,600

THE ASSOCIATION GRANTS SCHOLARSHIPS TO LOCAL STUDENTS TO ASSIST THEM IN PAYMENT OF THEIR HIGHER EDUCATION TUITION EXPENSES.

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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 $0

Investment Income $33,015

Other Revenue $49,169

TOTAL REVENUE $82,184

Expense Breakdown

Grants Paid $7,350

Salaries & Benefits $50,344

Fundraising Expenses $0

Program Expenses $133,433

Other Expenses $94,592

TOTAL EXPENSES $152,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,184	$64,493	+0.3%
Expenses	$152,286	$151,376	+0.0%
Net Income	$-70,102	$-86,883	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STANLEY MACZKA	PRESIDENT	12.00	Officer Director	$0	$0	$0
DONALD MULL	VICE PRESIDE	8.00	Officer Director	$0	$0	$0
JESSE BUNGARD	SECRETARY	8.00	Officer Director	$0	$0	$0
GREG LEECHALK	FINANCIAL SE	10.00	Officer Director	$0	$0	$0
RONALD FIRMENT	TREASURER	12.00	Officer Director	$0	$0	$0
BERNARD HOMULKA	TRUSTEE	4.00	Director	$0	$0	$0
RAY WOLFE	TRUSTEE	4.00	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
2025	No data	No data	No data	No data
2024	$82,184	$152,286	$1,061,440	$-70,102
2023	$64,493	$151,376	$1,105,224	$-86,883
2022	$44,024	$157,763	$1,129,746	$-113,739
2021	$98,559	$119,270	$1,266,033	$-20,711
2020	$75,028	$91,045	$1,303,236	$-16,017
2019	$105,436	$146,851	$1,290,555	$-41,415
2018	$121,719	$162,627	$1,304,873	$-40,908