Hungarian Cultural Society Inc

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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

2012

Legal Domicile

Principal Officer

ZOLTAN MATA

Phone

6312739532

Tax Period

2022-01-01 to 2022-12-31

Hungarian Cultural Society Inc, founded in 2012, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $6K in total revenue in fiscal year 2022.

Mission

THE ORGANIZATIONS MISSION IS OF EDUCATIONG THE PUBLIC, ESPECIALLY CHILDREN THROUGH THE DISSEMINATION OF INFORMATION ABOUT hUNGARIAN TRADITIONS , CUSTOMS AND LANGUAGE TO ENHANCE THEIR KNOWLEDGE AND UNDERSTANDING OF THIS RICH HERITAGE.

Program Service Accomplishments

Program 1

Revenue: $22,230

DEDICATED TO ENHANCE KNOWLEDGE AND APPRECIATION OF HUNGARIAN CULTURE, THE CORPORATION ORGANIZES AND SUPPORTS EVENTS THAT CELEBRATE HUNGARY'S PAST PRESENT AND FUTURE WITH THE ULTIMATE GOAL OF BRINGING ATTENTION TO THE GREAT ACHIEVMENTS IN HUNGARIAN CULTURE WHILE ENCOURAGING COLLABORATIONS BETWEEN HUNGARIANS AND AMERICANS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,300

Program Service Revenue $0

Investment Income $0

Other Revenue $-10,523

TOTAL REVENUE $-6,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-6,223	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	N/A	N/A

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

N/A

Employees

N/A

Volunteers

N/A

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
ZOLTAN MATA	President	5.00	Director	$0	$0	$0
ILDIKO VASS	Treasurer	1.00	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
2024	No data	No data	No data	No data
2022	$-6,223	No data	$242,966	No data
2021	$5,000	$24,945	$249,821	$-19,945