FIRST CATHOLIC SLOVAK LADIES ASSOC… - Form 990 Financial Data

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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

1899

Legal Domicile

Principal Officer

MICHAEL J AGAN

Phone

2164648015

Tax Period

2024-01-01 to 2024-12-31

FIRST CATHOLIC SLOVAK LADIES ASSOCIATION OF THE UNITED STATES OF AMERICA, founded in 1899, is a mid-sized nonprofit that reported $71.0M in total revenue in fiscal year 2024.

Mission

ESTABLISHED IN 1892, THE FIRST CATHOLIC SLOVAK LADIES ASSOCIATION PROVIDES FINANCIAL SECURITY TO ITS MEMBERS NATIONWIDE THROUGH ITS PREMIER LIFE INSURANCE AND ANNUITY PRODUCTS. SALES OF THESE PRODUCTS ALLOW THE FIRST CATHOLIC SLOVAK LADIES ASSOCIATION TO SERVE BOTH ITS MEMBERS AND THE COMMUNITY WITH FRATERNAL AND CHARITABLE OPPORTUNITIES THAT PROMOTE CATHOLIC VALUES AND SLAVIC TRADITIONS.

Program Service Accomplishments

Program 1

LIFE INSURANCE ACTIVITIES AND BENEFITS (128,173 CERTIFICATES IN FORCE: $1,076,037,000 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 $20,549,159

Investment Income $50,377,663

Other Revenue $25,337

TOTAL REVENUE $70,952,159

Expense Breakdown

Grants Paid $362,000

Salaries & Benefits $4,376,243

Fundraising Expenses $0

Other Expenses $-21,026,863

TOTAL EXPENSES $71,476,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$70,952,159	$71,704,080	0.0%
Expenses	$71,476,944	$72,675,614	0.0%
Net Income	$-524,785	$-971,534	-0.5%

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

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

$604,916

Total Directors

$808,052

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA MARIA MALESKI	NATIONAL,PRESIDENT/CEO	50.00	Officer Director	$345,805	$35,720	$381,525
MSGR PETER M POLANDO	NATIONAL CHAPLAIN	10.00	Director	$23,890	$0	$23,890
BARBARA A SEKERAK	NATIONAL AUDITOR	10.00	Director	$24,353	$0	$24,353
JOANN SKVAREK BANVICH	NTL DIRECTOR-PASSED AWAY IN AUG '24	10.00	Director	$15,221	$0	$15,221
DENNIS L POVONDRA	NATIONAL AUDITOR	10.00	Director	$24,353	$0	$24,353
JEANETTE E PALANCA	NATIONAL DIRECTOR	10.00	Director	$22,850	$0	$22,850
FRANK RANDO	INTERIM NATIONAL TREASURER	40.00	Director	$172,428	$25,500	$197,928
KRISTINA MENKE AS OF 1124	NATIONAL DIRECTOR	10.00	Director	$22,473	$0	$22,473
LORRAINE GIBAS AS OF 1124	NATIONAL TRUSTEE	10.00	Director	$24,353	$0	$24,353
MARY B ANDREANO AS OF 1124	NATIONAL AUDITOR	10.00	Director	$24,353	$0	$24,353
JOSEPH SENKO AS OF 1124	NATIONAL TRUSTEE	10.00	Director	$24,353	$0	$24,353
KRISTINE MIDCAP AS OF 1124	NATIONAL DIRECTOR	10.00	Director	$22,400	$0	$22,400
KIMBERLY GRAHAM	NATIONAL SECRETARY	40.00	Officer	$197,481	$25,910	$223,391
JAMES DEAK	PROGRAMMER/ANALYST	40.00	Highest	$120,567	$22,424	$142,991
PAULA DALPIAZ	INSURANCE/IT MGR	40.00	Highest	$119,345	$23,134	$142,479
PAUL S SMITHERS	NATIONAL SALES MANAGER	40.00	Highest	$168,424	$26,223	$194,647
KAREN MCHUGH	HEAD OF HUMAN RESOURCES	40.00	Highest	$109,202	$21,694	$130,896
JOHN GONSIOREK	REGIONAL SALES MANAGER	40.00	Highest	$111,943	$21,495	$133,438
DOROTHY L URBANOWICZ	FORMER NATIONAL AUDITOR/RECOMMENDER	10.00		$19,146	$0	$19,146

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	$70,952,159	$71,476,944	$1,079,616,886	$-524,785
2023	$71,704,080	$72,675,614	$1,103,676,515	$-971,534
2022	$87,396,346	$86,228,050	$1,127,543,562	$1,168,296
2021	$118,651,885	$116,888,547	$1,116,473,671	$1,763,338
2020	$92,476,155	$89,783,017	$1,062,995,352	$2,693,138
2019	$101,017,104	$98,991,385	$1,029,596,800	$2,025,719
2018	$84,680,053	$82,028,544	$990,543,945	$2,651,509
2017	$87,511,640	$83,248,317	$963,986,858	$4,263,323

FIRST CATHOLIC SLOVAK LADIES ASSOCIATION OF THE UNITED STATES OF AMERICA