MAGYAR FOUNDATION OF NORTH AMERICA

EIN: 471002151

ARLINGTON, VA

Total Revenue
$705
Total Expenses
$114,874
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
DC
Principal Officer
DAVID SATTERFIELD
Phone
7035497705
Tax Period
2019-01-01 to 2019-12-31

MAGYAR FOUNDATION OF NORTH AMERICA, founded in 2014, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2018. Revenue surged 410% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE HUNGARIAN CULTURE IN NORTH AMERICA AND TO ENGAGE HUNGARIAN AMERICANS IN HUNGARIAN-FOCUSED ACTIVITIES AND EVENTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $662
Program Service Revenue $0
Investment Income $43
Other Revenue $0
TOTAL REVENUE $705

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $88,338
Other Expenses $114,874
TOTAL EXPENSES $114,874

Year-over-Year Comparison

2019 2018 Change
Revenue $705 $2,427,889 -1.0%
Expenses $114,874 $2,376,860 -1.0%
Net Income $-114,169 $51,029 -3.2%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JO ANNE BARNHART DIRECTOR/PRESIDENT 20.00
Officer Director
$0 $0 $0
CRAIG ENGLE DIRECTOR 1.00
Director
$0 $0 $0
CHARLES KILBOURNE DIRECTOR 1.00
Director
$0 $0 $0
DAVID SATTERFIELD TREASURER 3.50
Officer
$0 $0 $0
CANDICE GREAUX SECRETARY 35.00
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
2019 $705 $114,874 No data $-114,169
2018 $2,427,889 $2,376,860 $114,169 $51,029
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