CLEVELAND HUNGARIAN HERITAGE SOCIETY (EIN 341488375) - 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

1985

Legal Domicile

Principal Officer

Janos Szigeti

Phone

3154811144

Tax Period

2023-01-01 to 2023-12-31

CLEVELAND HUNGARIAN HERITAGE SOCIETY, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $119K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $104K left a modest 12% surplus.

Mission

TO PRESERVE AND PRESENT HUNGARIAN CULTURE IN GENERAL AND IN SPECIFIC WITHIN NORTHEAST OHIO REGION

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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 (2023)

Revenue Breakdown

Contributions & Grants $84,455

Program Service Revenue $3,358

Investment Income $25,775

Other Revenue $5,072

TOTAL REVENUE $118,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $13,708

Program Expenses $11,351

Other Expenses $104,400

TOTAL EXPENSES $104,400

Year-over-Year Comparison

	2023	2022	Change
Revenue	$118,660	$90,981	+0.3%
Expenses	$104,400	$99,827	+0.0%
Net Income	$14,260	$-8,846	-2.6%

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

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
Janos Szigeti	President	5.00	Officer	$0	$0	$0
Alex Kezdi	Vice-president	3.00	Officer	$0	$0	$0
Hajnalka Kezdi	Treasurer	5.00	Officer	$0	$0	$0
Marian Gandolfo	Secretary	1.00	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	No data	No data	No data	No data
2023	$118,660	$104,400	$649,530	$14,260
2022	$90,981	$99,827	$635,220	$-8,846
2021	$93,982	$92,487	$644,154	$1,495
2020	$114,711	$91,011	$642,284	$23,700
2019	$109,562	$90,740	$618,798	$18,822
2018	$134,755	$83,221	$600,162	$51,534

CLEVELAND HUNGARIAN HERITAGE SOCIETY