HUNGARY FOUNDATION

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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

AMBASSADOR APRIL H FOLEY

Phone

2026276810

Tax Period

2024-01-01 to 2024-12-31

HUNGARY FOUNDATION, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $464K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 117% operating deficit.

Mission

TO STRENGTHEN THE UNDERSTANDING AND COOPERATION BETWEEN HUNGARY AND THE UNITED STATES OF AMERICA.

Program Service Accomplishments

Program 1

Expenses: $41,310

LEADERSHIP TRAINING: TO PROVIDE THE NEXT GENERATION OF HUNGARIAN LEADERS WITH PROFESSIONAL NETWORKING, INTERNSHIP, AND FELLOWSHIP OPPORTUNITIES IN THE UNITED STATES OF AMERICA.

Program 2

Expenses: $701,751

EDUCATION AND RESEARCH: TO PROMOTE HUNGARIAN-U.S. RELATIONS BY GENERATING INTERNSHIPS, SCHOLARSHIPS, AND ACADEMIC EXCHANGE PROGRAMS.

Program 3

Expenses: $10,739

CULTURE AND ART: TO PRESERVE AND PROMOTE AND APPRECIATION OF HUNGARIAN CULTURE, ART, AND SCIENCE IN THE U.S. BY RAISING THE PUBLIC AWARENESS OF HUNGARIAN HISTORY, ARTS, CULTURE, AND ACADEMIC...

CULTURE AND ART: TO PRESERVE AND PROMOTE AND APPRECIATION OF HUNGARIAN CULTURE, ART, AND SCIENCE IN THE U.S. BY RAISING THE PUBLIC AWARENESS OF HUNGARIAN HISTORY, ARTS, CULTURE, AND ACADEMIC ACHIEVEMENTS ACROSS THE UNITED STATES OF AMERICA.

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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 $3,381

Program Service Revenue $0

Investment Income $460,806

Other Revenue $0

TOTAL REVENUE $464,187

Expense Breakdown

Grants Paid $348,786

Salaries & Benefits $202,341

Fundraising Expenses $0

Program Expenses $778,830

Other Expenses $457,718

TOTAL EXPENSES $1,008,845

Year-over-Year Comparison

	2024	2023	Change
Revenue	$464,187	$605,838	-0.2%
Expenses	$1,008,845	$991,740	+0.0%
Net Income	$-544,658	$-385,902	+0.4%

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

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

$92,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA SMITH LACEY	EXECUTIVE DI	40.00	Officer	$92,000	$0	$92,000
AMBASSADOR APRIL H FOLEY	CHAIR	1.00	Officer Director	$0	$0	$0
HON TAMAS FELLEGI	TRUSTEE	1.00	Director	$0	$0	$0
HON GEORGE PATAKI	TRUSTEE	1.00	Director	$0	$0	$0
EDITH K LAUER	TRUSTEE	1.00	Director	$0	$0	$0
AMB KURT VOLKER	TRUSTEE	1.00	Director	$0	$0	$0
JANOS MARTONYI	TRUSTEE	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
2025	No data	No data	No data	No data
2024	$464,187	$1,008,845	$22,129,746	$-544,658
2023	$605,838	$991,740	$19,985,628	$-385,902
2022	$462,418	$1,177,639	$17,609,861	$-715,221
2021	$473,824	$1,242,196	$22,519,032	$-768,372
2020	$589,156	$865,976	$20,929,803	$-276,820
2019	$1,710,469	$824,239	$18,776,028	$886,230
2018	$619,894	$821,357	$15,343,792	$-201,463