UKRAINIAN ASSOCIATION OF WASHINGTON STATE (EIN 453545697) - 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

1971

Legal Domicile

Principal Officer

Liliya Kovalenko

Phone

2064128485

Tax Period

2025-01-01 to 2025-12-31

UKRAINIAN ASSOCIATION OF WASHINGTON STATE, founded in 1971, is a small nonprofit in the Arts, Culture & Humanities sector that reported $103K in total revenue in fiscal year 2025. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $253K exceeded revenue, resulting in a 146% operating deficit.

Mission

THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING THE MAKING OF CHARITABLE DONATIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS

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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 (2025)

Revenue Breakdown

Contributions & Grants $60,233

Program Service Revenue $33,855

Investment Income $8,771

Other Revenue $0

TOTAL REVENUE $102,859

Expense Breakdown

Grants Paid $205,880

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $245,707

Other Expenses $46,951

TOTAL EXPENSES $252,831

Year-over-Year Comparison

	2025	2024	Change
Revenue	$102,859	$271,094	-0.6%
Expenses	$252,831	$264,808	0.0%
Net Income	$-149,972	$6,286	-24.9%

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

N/A

Volunteers

100

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

$1,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Solomea Khtey	Board Member	6	Director	$0	$1,100	$1,100
Liliya Kovalenko	President	4	Officer Director	$0	$0	$0
Oleksandr Senyuk	Treasurer	4	Officer Director	$0	$0	$0
Kateryna Seniuk	Secretary	2	Officer Director	$0	$0	$0
Iryna Novachuk	Board Member	2	Director	$0	$0	$0
Natasha Kocharov	Board Member	2	Director	$0	$0	$0
Vladyslav Bobrovnyk	Board Member	1	Director	$0	$0	$0
Oksana Pierce	Board Member	0.5	Director	$0	$0	$0
Tetiana Matsiuk	Board Member	0.5	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
2025	$102,859	$252,831	$343,808	$-149,972
2024	$271,094	$264,808	$514,606	$6,286
2024	No data	No data	No data	No data
2023	$2,053,436	$1,888,620	$508,320	$164,816
2022	$842,545	$624,108	$343,489	$218,437

UKRAINIAN ASSOCIATION OF WASHINGTON STATE