Polish National Alliance Educational Fund

EIN: 363622302 501(c)(3) Education

Chicago, IL

Total Revenue
$96,855
Total Expenses
$169,241
Total Assets
$2,703,156
Net Assets
$2,703,156
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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
IL
Principal Officer
Wesley Musial
Phone
7732860500
Tax Period
2024-01-01 to 2024-12-31

Polish National Alliance Educational Fund, founded in 1985, is a micro nonprofit in the Education sector that reported $97K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $169K exceeded revenue, resulting in a 75% operating deficit.

Mission

Provide scholarships to students for higher education

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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 $2,099
Program Service Revenue $0
Investment Income $94,756
Other Revenue $0
TOTAL REVENUE $96,855

Expense Breakdown

Grants Paid $142,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $142,250
Other Expenses $26,991
TOTAL EXPENSES $169,241

Year-over-Year Comparison

2024 2023 Change
Revenue $96,855 $66,474 +0.5%
Expenses $169,241 $142,501 +0.2%
Net Income $-72,386 $-76,027 0.0%
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
4
Independent Members
4
Employees
N/A
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
4
$768,535
Total Directors
3
$741,405
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Frank J Spula Vice Chairman 1.00
Officer Director
$0 $28,164 $317,216
Alicja Kuklinska Secretary 1.00
Officer Director
$0 $30,329 $216,806
Anthony Nowak Przygodzki Treasurer 1.00
Officer Director
$0 $32,455 $207,383
Wesley Musial Chairman 5.00
Officer
$0 $0 $27,130
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 $96,855 $169,241 $2,703,156 $-72,386
2023 $66,474 $142,501 $2,510,099 $-76,027
2022 $12,602 $161,680 $2,239,537 $-149,078
2021 $67,286 $184,092 $2,922,886 $-116,806
2020 $58,697 $169,295 $2,611,786 $-110,598
2019 $269,791 $179,890 $2,442,500 $89,901
2018 $112,916 $225,366 $2,079,346 $-112,450
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