KYIV SCHOOL OF ECONOMICS (EIN 522264611) - 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

2000

Legal Domicile

Principal Officer

SERHII IVANIUTA

Tax Period

2023-01-01 to 2023-12-31

KYIV SCHOOL OF ECONOMICS, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $52.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $18.9M, a strong 36% operating margin.

Mission

Kyiv School of Economics forges links between economics, academics and government deicision makers to strengthen and develop sound economic policy in Ukraine and all areas of FSU. Provide Citize of Ukraine chartitable aid and assistance to overcome ravages of war in Ukraine.

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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 $50,189,381

Program Service Revenue $1,261,514

Investment Income $547,653

Other Revenue $827,302

TOTAL REVENUE $52,825,850

Expense Breakdown

Grants Paid $26,741,008

Salaries & Benefits $4,350,193

Fundraising Expenses $2,816,401

Program Expenses $30,714,836

Other Expenses $2,879,369

TOTAL EXPENSES $33,970,570

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,825,850	$46,917,078	+0.1%
Expenses	$33,970,570	$32,760,995	+0.0%
Net Income	$18,855,280	$14,156,083	+0.3%

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

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

$1,772

Total Directors

Key Employees

$111,946

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SVITLANA DENYSENKO	DIRECTOR OF CF	40.00	Key Emp	$45,210	$0	$45,210
ROMAN BASALYHA	Director of Subsidiary	40.00	Key Emp	$33,743	$0	$33,743
TYMOFII BRIK	RECTOR	40.00	Key Emp	$28,287	$0	$28,287
MICHAEL SHNEIDER	CEO	40.00	Highest	$22,540	$0	$22,540
SVITLANA SKOROKHOD	CFO	40.00	Key Emp	$4,706	$0	$4,706
TYMOFIY MYLOVANOV	PRESIDENT	40.00	Officer	$1,772	$0	$1,772
ALEX LISSITSA	DIRECTOR	2.00	Director	$0	$0	$0
JOHN HERBST	DIRECTOR	2.00	Director	$0	$0	$0
VOLODYMYR POPERESHNIUK	DIRECTOR	2.00	Director	$0	$0	$0
OLEKSANDR ZHOLUD	DIRECTOR	2.00	Director	$0	$0	$0
SVYATOSLAV VAKARCHUK	DIRECTOR	2.00	Director	$0	$0	$0
TORBJRN BECKER	DIRECTOR	2.00	Director	$0	$0	$0
ROGER MYERSON	DIRECTOR	2.00	Director	$0	$0	$0
PETER CHERNYSHOV	DIRECTOR	2.00	Director	$0	$0	$0
ANNA NAGURNEY	CO-CHAIR	2.00	Officer Director	$0	$0	$0
OLEKSANDR KRAVCHENKO	CO-CHAIR	2.00	Officer Director	$0	$0	$0
MAKAR PASENIUK	CO-CHAIR	2.00	Officer Director	$0	$0	$0
TOMAS FIALA	DIRECTOR	2.00	Officer Director	$0	$0	$0
OLENA BILAN	CO-CHAIR	2.00	Officer Director	$0	$0	$0
SERHII IVANIUTA	CFO	0.00	Officer	$0	$0	$0
NATALIA SHAPOVAL	EXECUTIVE VICE PRESIDENT	40.00	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
2024	No data	No data	No data	No data
2023	$52,825,850	$33,970,570	$34,118,658	$18,855,280
2022	$46,917,078	$32,760,995	$15,443,517	$14,156,083
2021	$4,507,691	$4,095,848	$2,958,400	$411,843
2020	$2,329,334	$2,593,819	$464,833	$-264,485
2019	$2,473,970	$2,921,790	$614,595	$-447,820
2018	$1,710,774	$1,806,229	$695,586	$-95,455

KYIV SCHOOL OF ECONOMICS