CLEVELAND HUNGARIAN DEVELOPMENT PANEL

EIN: 341745318 501(c)(3) International Affairs

CLEVELAND, OH

Total Revenue
$36,638
Total Expenses
$37,472
Total Assets
$953,008
Net Assets
$953,008
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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
1994
Legal Domicile
OH
Principal Officer
ELIZABETH PAPP TAYLOR
Tax Period
2023-01-01 to 2023-12-31

CLEVELAND HUNGARIAN DEVELOPMENT PANEL, founded in 1994, is a micro nonprofit in the International Affairs sector that reported $37K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $953K represent 312 months of operating reserves.

Mission

TO PROVIDE ASSISTANCE AND THE EXCHANGE OF IDEAS FOR HUNGARIAN PROJECTS IN THE AREAS OF COMMERCE, EDUCATION, HEALTH AND HUMAN SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,620
Program Service Revenue $0
Investment Income $25,018
Other Revenue $0
TOTAL REVENUE $36,638

Expense Breakdown

Grants Paid $33,674
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $33,674
Other Expenses $3,798
TOTAL EXPENSES $37,472

Year-over-Year Comparison

2023 2022 Change
Revenue $36,638 $31,292 +0.2%
Expenses $37,472 $75,663 -0.5%
Net Income $-834 $-44,371 -1.0%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS G SMITH TREASURER 5.00
Officer
$0 $0 $0
ELIZABETH PAPP TAYLOR PRESIDENT 5.00
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 $36,638 $37,472 $953,008 $-834
2022 $31,292 $75,663 $880,070 $-44,371
2021 $64,246 $48,628 $1,161,468 $15,618
2020 $5,877 $38,753 $1,062,977 $-32,876
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