BALZEKAS MUSEUM OF LITHUANIAN CULTURE (EIN 366140176) - 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

1966

Legal Domicile

Principal Officer

SIGITA BALZEKAS

Phone

7735826500

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

THE BALZEKAS MUSEUM OF LITHUANIAN CULTURE IS DEDICATED TO THE PRESERVATION AND PERPETUATION OF LITHUANIAN CULTURE. THROUGH OUR EXHIBITS, CLASSES, PROJECTS, & INTERCULTUAL PROGRAMS, WE CELEBRATE THE ACHIEVEMENTS OF LITHUANIAN AMERICANS, THE LITHUANIAN NATION, AND LITHUANIAN COMMUNITIES WORLDWIDE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $369,878

Program Service Revenue $63,798

Investment Income $327,063

Other Revenue $30,682

TOTAL REVENUE $791,421

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,952

Fundraising Expenses $3,886

Program Expenses $577,936

Other Expenses $387,471

TOTAL EXPENSES $637,423

Year-over-Year Comparison

	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%

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

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

Total Directors

Key Employees

Highest Compensated

reported

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

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
2023	$791,421	$637,423	$4,953,566	$153,998
2022	$543,829	$491,128	$4,707,502	$52,701
2022	$582,430	$517,789	$4,673,645	$64,641
2021	$673,611	$470,866	$5,060,996	$202,745
2020	$532,475	$430,999	$4,667,840	$101,476

BALZEKAS MUSEUM OF LITHUANIAN CULTURE