GLOBAL VILLAGE ACADEMY INC

EIN: 275192761 501(c)(3) Education

PARMA, OH

Total Revenue
$3,718,694
Total Expenses
$2,544,867
Total Assets
$4,376,028
Net Assets
$4,360,944
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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
OH
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

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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%)

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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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
N/A
Employees
42
Volunteers
10

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
0
$0
Total Directors
5
$7,250
Key Employees
2
$161,861
Highest Compensated
1
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
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