FRIENDS OF THE UKRAINIAN BANDURIST… - Form 990 Financial Data

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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

1953

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $201,237 Revenue: $86,899

The art of the bandura has been preserved and promoted by concert tours, educational workshops and an extensive discography/video collection.

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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 $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

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

N/A

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
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

FRIENDS OF THE UKRAINIAN BANDURISTS CHORUS INC