CHICAGO, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BALZEKAS MUSEUM OF LITHUANIAN CULTURE, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $791K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $154K, a strong 19% operating margin.
THE BALZEKAS MUSEUM OF LITHUANIAN CULTURE IS DEDICATED TO THE PRESERVATION AND PERPETUATION OF LITHUANIAN CULTURE. THROUGH OUR EXHIBITS, CLASSES, SEMINARS, PROJECTS, AND INTERCULTURAL PROGRAMS WE CELEBRATE THE ACHIEVEMENTS OF LITHUANIAN AMERICANS, THE LITHUANIAN NATION, AND LITHUANIAN COMMUNITIES WORLDWIDE.
WE CELEBRATE THE UNIQUE CONTRIBUTIONS LITHUANIANS HAVE MADE IN WORLD HISTORY AND THE ARTS BY OPERATING A MUSEUM ON THE SOUTHWEST SIDE OF CHICAGO. WE MAINTAIN A LIBRARY, CURATE HISTORICAL AND CULTURAL...
WE CELEBRATE THE UNIQUE CONTRIBUTIONS LITHUANIANS HAVE MADE IN WORLD HISTORY AND THE ARTS BY OPERATING A MUSEUM ON THE SOUTHWEST SIDE OF CHICAGO. WE MAINTAIN A LIBRARY, CURATE HISTORICAL AND CULTURAL EXHIBITS AND EDUCATIONAL PROGRAMMING SUCH AS CLASSES AND WORKSHOPS,CULTURAL EVENTS SUCH AS FILMS AND CONCERTS, PROVIDE GENEALOGICAL RESEARCH, AND SCHOLARLY WORK SUCH AS COLLABORATIONS AND INTERCULTURAL EXCHANGES. OUR MUSEUM HOUSES THE LARGEST COLLECTION OF LITHUANIAN CULTURAL ARTIFACTS OUTSIDE OF LITHUANIA. DURING 2023, WE CONTINUED TO RECOVER FROM THE CONTRACTION OF THE COVID ERA, AND WE PURCHASED A BUILDING ON MICHIGAN AVENUE IN DOWNTOWN CHICAGO WHICH WE ARE RENOVATING TO BE OUR FIRST SATELLITE LOCATION, OPENING IN 2026. WE MAINTAIN A MEMBERSHIP OF 3000+, MANY OF WHOM LIVE OUTSIDE OF THE CHICAGO AREA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $791,421 | $543,829 | +0.5% |
| Expenses | $637,423 | $491,128 | +0.3% |
| Net Income | $153,998 | $52,701 | +1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SIGITA BALZEKAS | PRESIDENT | 56.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSEPH KATAUSKAS | TREASURER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| STANLEY R BALZEKAS III | VP & SECRETA | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| RITA JANZ | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ELEANOR KATAUSKAS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MARIUS KASNIUNAS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| S VASARIS BALZEKAS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MARIUS KRIAUCIUNAS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $791,421 | $637,423 | $4,953,566 | $153,998 |
| 2022 | $582,430 | $517,789 | $4,673,645 | $64,641 |
| 2022 | $543,829 | $491,128 | $4,707,502 | $52,701 |
| 2021 | $673,611 | $470,866 | $5,060,996 | $202,745 |
| 2020 | $532,475 | $430,999 | $4,667,840 | $101,476 |
Compare BALZEKAS MUSEUM OF LITHUANIAN CULTURE with other nonprofits in Illinois and across the country.