FRIENDS OF THE UKRAINIAN BANDURISTS CHORUS INC

EIN: 381574297 501(c)(3) Arts, Culture & Humanities

Livonia, MI

Total Revenue
$196,061
Total Expenses
$204,753
Total Assets
$230,326
Net Assets
$212,193
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
MI
Principal Officer
Anatoli Murha
Phone
7346586452
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF THE UKRAINIAN BANDURISTS CHORUS INC, founded in 1953, is a small nonprofit in the Arts, Culture & Humanities sector that reported $196K in total revenue in fiscal year 2024.

Mission

To educate, preserve and cultivate the bandura art form.

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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 $105,821
Program Service Revenue $86,899
Investment Income $3,866
Other Revenue $-525
TOTAL REVENUE $196,061

Expense Breakdown

Grants Paid $11,400
Salaries & Benefits $0
Fundraising Expenses $2,161
Program Expenses $201,237
Other Expenses $193,353
TOTAL EXPENSES $204,753

Year-over-Year Comparison

2024 2023 Change
Revenue $196,061 $196,678 0.0%
Expenses $204,753 $214,903 0.0%
Net Income $-8,692 $-18,225 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
6

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anatoli Murha Treasurer 15
Officer
$0 $0 $0
Boyan Makarenko Secretary 1
Officer
$0 $0 $0
Victor Lishchyna 2cd Vice-President 1
Officer
$0 $0 $0
Andriy Hladyshevsky President 15
Officer
$0 $0 $0
Stephen Szyszka 1st Vice-President 1
Officer
$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 $196,061 $204,753 $230,326 $-8,692
2022 $320,142 $328,579 $247,353 $-8,437
2020 $176,194 $117,383 $520,084 $58,811
2019 $441,840 $385,224 $461,018 $56,616
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