GLOBAL VILLAGE ACADEMY INC

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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

2011

Legal Domicile

Principal Officer

OLEH HOLOWATYJ

Phone

2167675956

Tax Period

2024-07-01 to 2025-06-30

GLOBAL VILLAGE ACADEMY INC, founded in 2011, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $1.2M, a strong 32% operating margin.

Mission

THE GLOBAL VILLAGE ACADEMY MISSION IS TO FOSTER A CROSS-CULTURAL UNDERSTANDING THAT WILL ENABLE OUR STUDENTS TO ACTIVELY PARTICIPATE AS CITIZENS OF A GLOBAL, AS WELL AS, LOCAL COMMUNITY. WE WILL ENCOURAGE OUR STUDENTS TO BECOME KNOWLEDGEABLE, SELF-MOTIVATED, CRITICALLY

Program Service Accomplishments

Program 1

Expenses: $1,963,657 Revenue: $3,330,780

GLOBAL VILLAGE ACADEMY (GVA) IS A PUBLIC COMMUNITY SCHOOL IN PARMA, OHIO. AS A COMMUNITY SCHOOL IT IS PART OF THE STATE SYSTEM OF PUBLIC EDUCATION AND OPERATES UNDER ITS CHARTER CONTRACT WITH ITS...

GLOBAL VILLAGE ACADEMY (GVA) IS A PUBLIC COMMUNITY SCHOOL IN PARMA, OHIO. AS A COMMUNITY SCHOOL IT IS PART OF THE STATE SYSTEM OF PUBLIC EDUCATION AND OPERATES UNDER ITS CHARTER CONTRACT WITH ITS SPONSOR PORTAGE COUNTY EDUCATIONAL SERVICE CENTER. GVA OPENED ITS DOORS FOR THE 2011-2012 SCHOOL YEAR. WE CURRENTLY OFFER TWO LANGUAGES STARTING IN KINDERGARTEN THROUGH THE 6TH GRADE IN ADDITION TO THE STATE MANDATED CORE CURRICULUM. 132 STUDENTS RECEIVE ONE HOUR OF LANGUAGE INSTRUCTION PER DAY IN UKRAINIAN AND SPANISH.

Program 2

Expenses: $74,289 Revenue: $81,321

GVA RECEIVES FEDERAL TITLE I FUNDING FOR SOME OF ITS STUDENTS. TITLE I IS SUPPLEMENTAL FUNDING TO LOCAL SCHOOL DISTRICTS TO HELP MEET THE NEEDS OF AT RISK AND LOW INCOME STUDENTS. THE GRANT FUNDING WAS LOW DUE TO SLOW START UP ACTIVITY FOR THE NEWLY FORMED SCHOOOL. ENROLLMENT WAS LOW (58) FOR THE FIRST YEAR. THE NEXT YEAR THE ENROLLMENT MORE THAN DOUBLED IN SIZE FOR THIS ACTIVITY. MANY MORE THAN CHILDREN WILL BE ELIGIBLE FOR TITLE I FUNDING.

Program 3

Expenses: $33,703 Revenue: $48,676

GVA IS COMMITTED TO EXPANDING ITS LANGUAGE PROGRAMS TO ALL WHO MAY BE INTERESTED. GVA HAS JUST STARTED TO RECEIVE FEDERAL ESSER 11,111 FEDERAL GRANT MONEY TO IMPROVE EDUCATION IN THE FORM OF LANGUAGE INSTRUCTION FOR LIMITED ENGLISH PROFICIENCY AND IMMIGRANT STUDENTS. THERE IS A GREAT NEED FOR ENGLISH AS A SECOND LANGUAGE INSTRUCTION (ESL)SINCE THE COMMUNITY IN WHICH THE SCHOOL IS LOCATED HAS A HEAVY IMMIGRANT POPULATION WHICH IS COMPRISED OF MANY NEW IMMIGRANTS FROM MEXICO AND EASTERN EUROPE. THE SCHOOL POPULATION IS EXPECTED TO DOUBLE IN THE NEXT SCHOOL YEAR.

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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 $3,316,501

Program Service Revenue $247,276

Investment Income $154,917

Other Revenue $0

TOTAL REVENUE $3,718,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,729,559

Fundraising Expenses $0

Program Expenses $2,095,055

Other Expenses $815,308

TOTAL EXPENSES $2,544,867

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,718,694	$3,918,559	-0.1%
Expenses	$2,544,867	$2,890,348	-0.1%
Net Income	$1,173,827	$1,028,211	+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

N/A

Employees

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

$7,250

Key Employees

$161,861

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROMAN FEDKIV	VICE PRESIDENT	2.00	Director	$1,375	$0	$1,375
EDWARD MUFFET	DIRECTOR	2.00	Director	$1,625	$0	$1,625
RUSSELL WHITE II	PRESIDENT	2.00	Director	$1,500	$0	$1,500
DR GEORGE JASKIW	DIRECTOR	2.00	Director	$1,250	$0	$1,250
CATHLEEN NYCH	DIRECTOR	2.00	Director	$1,500	$0	$1,500
OLEH HOLOWATYJ	OPERATIONS MANAGER	40.00	Highest	$99,290	$0	$99,290
NATALIA P OKUNZZI	SUPERINTENDENT	40.00	Key Emp	$87,219	$0	$87,219
NATALIIA GUNCHAK	PRINCIPAL	40.00	Key Emp	$74,642	$0	$74,642

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	$3,718,694	$2,544,867	$4,376,028	$1,173,827
2024	No data	No data	No data	No data
2023	$2,959,228	$2,480,864	$2,214,915	$478,364
2022	$2,628,424	$2,012,710	$1,681,042	$615,714
2021	$2,124,338	$1,879,680	$1,080,191	$244,658
2020	No data	No data	No data	No data
2019	$1,644,420	$1,578,928	$526,340	$65,492
2018	$1,442,537	$1,449,456	$460,847	$-6,919