ROMANIAN AMERICAN COMMUNITY CENTER

EIN: 364438215 501(c)(3) Human Services

CHICAGO, IL

Total Revenue
$13,032,245
Total Expenses
$9,832,889
Total Assets
$9,793,025
Net Assets
$8,470,889
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IL
Principal Officer
STEFAN OLARU
Phone
3129077800
Tax Period
2024-01-01 to 2024-12-31

ROMANIAN AMERICAN COMMUNITY CENTER, founded in 2001, is a mid-sized nonprofit in the Human Services sector that reported $13.0M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 25% operating margin.

Mission

ROMANIAN AMERICAN COMMUNITY CENTER DEVELOPS AND DEMONSTRATES INNOVATIVE, FLEXIBLE COMMUNITY-BASED PROGRAMS TO CARE FOR ELDERLY PEOPLE IN ORDER TO OPTIMIZE THEIR QUALITY OF LIFE AND OPTIMIZE THE ALLOCATION OF COMMUNITY RESOURCES.

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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 $5,099,062
Program Service Revenue $7,856,248
Investment Income $54,848
Other Revenue $22,087
TOTAL REVENUE $13,032,245

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,852,876
Fundraising Expenses $0
Program Expenses $9,594,032
Other Expenses $980,013
TOTAL EXPENSES $9,832,889

Year-over-Year Comparison

2024 2023 Change
Revenue $13,032,245 $10,799,239 +0.2%
Expenses $9,832,889 $8,982,454 +0.1%
Net Income $3,199,356 $1,816,785 +0.8%
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
5
Independent Members
2
Employees
533
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
2
$357,695
Total Directors
4
$357,695
Key Employees
1
$267,400
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEFAN OLARU EXECUTIVE DI 40.00
Officer Director
$293,700 $0 $293,700
MIRELA BIANCA CODREANU KEY EMPLOYEE 40.00
Key Emp
$267,400 $0 $267,400
VIOREL MORARU TREASURER 40.00
Officer Director
$63,995 $0 $63,995
JOHN JANIEC DIRECTOR 2.00
Director
$0 $0 $0
STANCA O LILI DIRECTOR 2.00
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
2024 $13,032,245 $9,832,889 $9,793,025 $3,199,356
2023 $10,799,239 $8,982,454 $6,285,220 $1,816,785
2022 $9,809,794 $8,177,277 $4,493,513 $1,632,517
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