EUROPEAN AMERICAN ASSOCIATION

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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

1991

Legal Domicile

Principal Officer

JOHN HERMAN

Phone

7733425868

Tax Period

2024-01-01 to 2024-12-31

EUROPEAN AMERICAN ASSOCIATION, founded in 1991, is a mid-sized nonprofit in the Housing & Shelter sector that reported $19.8M in total revenue in fiscal year 2024. The organization ran a surplus of $3.0M, a strong 15% operating margin.

Mission

OUR MISSION IS TO PROVIDE PROGRAMS THAT WILL ASSIST THOSE IN NEED WHILE ENCOURAGING AN INDENPENDENT VISION, PROMOTING NEIGHBORHOOD PRIDE THROUGH RENOVATION AND COMMUNITY INVOLVEMENT AND OFFERING ENCOURAGMENT FOR ALL THOSE IN THE COMMUNITY THROUGH POSITIVE PRESENCE. WE STRIVE TO MAINTAIN A CONSISTENT STANDARD OF EXCELLENCE IN SERVING ALL LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES OF ANY AGE, NATIONALITY, ANY GENDER BY ASSISTING WITH THEIR IMMEDIATE REQUIREMENTS, ENCOURAGING SELF-HELP WHEN POSSIBLE AND OFFERING MORAL SUPPORT WHEN NEEDED.

Program Service Accomplishments

Program 1

Expenses: $15,526,598 Revenue: $18,772,486

IN-HOME SERVICE - ILLINOIS DEPARTMENT ON AGING COMMUNITY CARE PROGRAM, CAREGIVERS PROVIDED TO THE ELDERLY AND HOMEBOUND

Program 2

Expenses: $23,122 Revenue: $24,980

COMMUNITY DEVELOPMENT, CEDA ENERGY PROGRAM, SENIOR HOME REPAIR, FOOD PANTRY, COMMUNITY GARDENS, AND OTHER MISC PROGRAM ACTIVITIES

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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 $10,640

Program Service Revenue $18,797,466

Investment Income $962,411

Other Revenue $55,591

TOTAL REVENUE $19,826,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,038,824

Fundraising Expenses $12,034

Program Expenses $15,549,720

Other Expenses $766,785

TOTAL EXPENSES $16,805,609

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,826,108	$18,700,929	+0.1%
Expenses	$16,805,609	$16,248,315	+0.0%
Net Income	$3,020,499	$2,452,614	+0.2%

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

701

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

$196,201

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HERMAN	EXECUTIVE DI	40.00	Officer	$186,754	$9,447	$196,201
IONEL GHEORGHIU	MANAGING DIR	40.00	Highest	$167,053	$1,441	$168,494
CARMEN DENIS	PAST PRESIDE	2.50	Officer Director	$0	$0	$0
NATHALIE KOIVOGUI	TREASURER	2.50	Officer Director	$0	$0	$0
PETE SCHMUGGE	SECRETARY	2.50	Officer Director	$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
2025	No data	No data	No data	No data
2024	$19,826,108	$16,805,609	$26,050,891	$3,020,499
2023	$18,700,929	$16,248,315	$22,588,862	$2,452,614
2022	$15,839,766	$13,968,008	$20,547,286	$1,871,758
2021	$14,984,488	$13,826,375	$18,209,689	$1,158,113
2020	$14,416,669	$13,212,797	$17,174,669	$1,203,872
2019	$12,887,119	$12,077,674	$16,458,868	$809,445
2019	$12,887,119	$12,077,674	$16,362,687	$809,445
2018	$11,935,522	$11,330,840	$15,594,955	$604,682