Hungarian-American Cultural Associ… - Form 990 Financial Data

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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

1984

Legal Domicile

Phone

9419252099

Tax Period

2019-01-01 to 2019-12-31

Hungarian-American Cultural Association Inc, founded in 1984, is a small nonprofit that reported $508K in total revenue in fiscal year 2019. The organization ran a surplus of $502K, a strong 99% operating margin.

Mission

Financial assistance provided to schools and orphanages with scholarships and other educational programs.

Program Service Accomplishments

Program 1

Expenses: $2,000

Provided scholarships to Hungarian children in America.

Program 2

Expenses: $910

Provided funds to charitable organizations in Sarasota, Florida.

Program 3

Provided scholarships to schools in Hungary and Hungarian schools in Slovakia, Ukraine, Romania and Serbia.

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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 (2019)

Revenue Breakdown

Contributions & Grants $505,506

Program Service Revenue $0

Investment Income $2,662

Other Revenue $0

TOTAL REVENUE $508,168

Expense Breakdown

Grants Paid $2,910

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,910

Other Expenses $2,822

TOTAL EXPENSES $5,732

Year-over-Year Comparison

	2019	2018	Change
Revenue	$508,168	N/A	N/A
Expenses	$5,732	N/A	N/A
Net Income	$502,436	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	Role	Reportable Comp	Other Comp	Total
Dr George A Krajcsik	President	Director	$0	$0	$0
Gabriel Pataky	Treasurer	Director	$0	$0	$0
Magdolna Pataky	Vice President	Director	$0	$0	$0
Erika Borsos	Director	Director	$0	$0	$0
Dr Leslie Domonkos	Director	Director	$0	$0	$0
Dr Leslie Szirmai	Director	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
2019	$508,168	$5,732	$506,098	$502,436

Hungarian-American Cultural Association Inc