HRVATSKI DOM ASSOCIATION

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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

1919

Legal Domicile

Principal Officer

MICHAEL KENDALL

Phone

6514511453

Tax Period

2023-09-01 to 2024-08-31

HRVATSKI DOM ASSOCIATION, founded in 1919, is a small nonprofit that reported $198K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $240K exceeded revenue, resulting in a 21% operating deficit.

Mission

CROATIAN HERITAGE ORGANIZATION

Program Service Accomplishments

Program 1

THE ORGANIZATION ALSO SPONSORS SENIOR AND YOUTH ACTIVITIES IN THE COMMUNITY AND AREA SCHOOLS INCLUDING DONATIONS TO KAPOSIA DAYS, INVER GROVE HEIGHTS FOUNDATIONS, DAKOTA AREA RESOURCES AND...

THE ORGANIZATION ALSO SPONSORS SENIOR AND YOUTH ACTIVITIES IN THE COMMUNITY AND AREA SCHOOLS INCLUDING DONATIONS TO KAPOSIA DAYS, INVER GROVE HEIGHTS FOUNDATIONS, DAKOTA AREA RESOURCES AND TRANSPORTATIONS AND VARIOUS YOUTH SPORTS ORGANIZATIONS WITHIN THE LOCAL AREA.

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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 $800

Program Service Revenue $12,014

Investment Income $198

Other Revenue $184,810

TOTAL REVENUE $197,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,300

Fundraising Expenses $0

Other Expenses $165,383

TOTAL EXPENSES $239,683

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,822	$238,292	-0.2%
Expenses	$239,683	$292,006	-0.2%
Net Income	$-41,861	$-53,714	-0.2%

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
MICHAEL KENDALL	TREASURER	012.00	Officer Director	$0	$0	$0
ANTHONY BILJAN	PRESIDENT	002.50	Officer Director	$0	$0	$0
JOSEPH PALLA	BOARD	002.50	Director	$0	$0	$0
LISA DOMBEK	BOARD	001.25	Director	$0	$0	$0
TIMOTHY BILJAN	BOARD	001.25	Director	$0	$0	$0
MICHAEL BAUMANN	BOARD	001.25	Director Highest	$0	$0	$0
EUNICE DASOVICH	SEC., GAMB MGR.	020.00	Officer Key Emp	$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
2025	No data	No data	No data	No data
2024	$197,822	$239,683	$265,346	$-41,861
2023	$238,292	$292,006	$307,207	$-53,714
2022	$248,560	$272,285	$360,921	$-23,725
2021	$192,549	$211,450	$384,442	$-18,901
2020	$201,766	$268,243	$403,343	$-66,477
2019	$380,567	$362,644	$503,170	$17,923