POLISH AMERICAN ASSOCIATION (EIN 362240816) - 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

1922

Legal Domicile

Principal Officer

EVA PROKOP

Phone

7732828206

Tax Period

2024-07-01 to 2025-06-30

POLISH AMERICAN ASSOCIATION, founded in 1922, is a community nonprofit in the Human Services sector that reported $4.3M in total revenue in fiscal year 2017. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

ROOTED IN POLISH HERITAGE FOR OVER A CENTURY, PAA ADVANCES TODAY'S DIVERSE IMMIGRANT COMMUNITIES.

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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 $5,403,046

Program Service Revenue $1,089,658

Investment Income $274

Other Revenue $37,781

TOTAL REVENUE $6,530,759

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,937,407

Fundraising Expenses $83,441

Program Expenses $5,960,454

Other Expenses $1,489,684

TOTAL EXPENSES $6,427,091

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,530,759	$6,400,681	+0.0%
Expenses	$6,427,091	$6,348,989	+0.0%
Net Income	$103,668	$51,692	+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

Governance

Voting Members

Independent Members

Employees

158

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

$270,768

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE RAKOWSKI	CHAIRMAN	10.00	Officer Director	$0	$0	$0
DANIEL G PIKARSKI	VICE CHAIRMAN	10.00	Officer Director	$0	$0	$0
TOM LATUSZEK	TREASURER	10.00	Officer Director	$0	$0	$0
GREGORY KOJAK	DIRECTOR	5.00	Director	$0	$0	$0
STANLEY W JOZEFIAK	DIRECTOR	5.00	Director	$0	$0	$0
PATRICIA CARTER	DIRECTOR OF FINANCE	40.00	Officer	$104,895	$9,016	$113,911
EVA PROKOP	EXECUTIVE DIRECTOR	40.00	Officer	$156,857	$0	$156,857

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	$6,530,759	$6,427,091	$2,675,230	$103,668
2024	$6,400,681	$6,348,989	$2,418,242	$51,692
2023	$5,923,615	$5,763,880	$2,396,851	$159,735
2022	$4,071,421	$4,232,315	$1,991,502	$-160,894
2021	$4,164,069	$4,216,936	$1,984,586	$-52,867
2020	$3,952,652	$4,119,741	$2,884,460	$-167,089
2019	$4,064,273	$4,137,520	$1,702,308	$-73,247
2018	$4,336,846	$4,231,577	$1,914,547	$105,269

POLISH AMERICAN ASSOCIATION