LITTLE BULGARIAN SCHOOL IN CHICAGO (EIN 273040834) - Form 990 Financial Analysis & Trantor Score

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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

2010

Legal Domicile

Phone

2246590617

Tax Period

2024-01-01 to 2024-12-31

LITTLE BULGARIAN SCHOOL IN CHICAGO, founded in 2010, is a small nonprofit in the Education sector that reported $942K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $145K, a strong 15% operating margin.

Mission

TEACH BULGARIAN LANGUAGE AND HISTORY

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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 $303,616

Program Service Revenue $546,075

Investment Income $50

Other Revenue $91,832

TOTAL REVENUE $941,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $55,728

Program Expenses $480,867

Other Expenses $796,701

TOTAL EXPENSES $796,701

Year-over-Year Comparison

	2024	2023	Change
Revenue	$941,573	$837,118	+0.1%
Expenses	$796,701	$747,776	+0.1%
Net Income	$144,872	$89,342	+0.6%

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

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

$21,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
SIMONA SCHIOPU	DIRECTOR EDUCATIONAL PROGRAMS	Officer	$11,550	$0	$11,550
JIVKA BUBALOVA-PETROVA	DIRECTOR AND PRINCIPAL	Officer	$9,750	$0	$9,750
GEORGI BOSHNAKOV	DIRECTOR AND EVENTS MANAGER	Director	$0	$0	$0
IVAN KIRCHEV	DIRECTOR AND LEGAL ADVISOR	Director	$0	$0	$0
IVAN KIRCHEV	DIRECTOR OF FUNDRAISING	Director	$0	$0	$0
DANIEL ATANASSOV	DIRECTOR OF BUSINESS DEVELOPMENT	Director	$0	$0	$0
KONSTANTIN MARININOV	ART DIRECTOR	Director	$0	$0	$0
LUBOMIR KROULEV	TREASURER AND CFO	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	$941,573	$796,701	$2,317,983	$144,872
2023	$837,118	$747,776	$2,260,372	$89,342
2022	$695,542	$695,394	$2,080,912	$148
2021	$732,444	$555,246	$2,109,939	$177,198
2020	$561,381	$520,817	$1,938,881	$40,564
2019	$706,263	$657,129	$1,749,241	$49,134
2018	$540,653	$381,665	$537,140	$158,988

LITTLE BULGARIAN SCHOOL IN CHICAGO