CROATIAN SCHOLARSHIP FUND (EIN 680231056) - 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

1989

Legal Domicile

Principal Officer

Barbara Jagiello

Phone

5303928467

Tax Period

2025-01-01 to 2025-12-31

CROATIAN SCHOLARSHIP FUND, founded in 1989, is a small nonprofit that reported $366K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $452K exceeded revenue, resulting in a 23% operating deficit.

Mission

The primary purpose of the Croatian Scholarship Fund is to develop leaders for Croatia's future by providing financial assistance to highly qualified students of Croatian origin, living in Croatia or Bosnia and Herzegovina, so that they may (continued on top of Form 990 page 2)

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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 (2025)

Revenue Breakdown

Contributions & Grants $194,855

Program Service Revenue $0

Investment Income $176,833

Other Revenue $-5,488

TOTAL REVENUE $366,200

Expense Breakdown

Grants Paid $428,162

Salaries & Benefits $0

Fundraising Expenses $12,547

Program Expenses $429,580

Other Expenses $23,777

TOTAL EXPENSES $451,939

Year-over-Year Comparison

	2025	2024	Change
Revenue	$366,200	$387,615	-0.1%
Expenses	$451,939	$385,680	+0.2%
Net Income	$-85,739	$1,935	-45.3%

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

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
Barbara Jagiello	President	22.00	Officer Director	$0	$0	$0
Bill Cumbelich	Vice President	2.00	Officer Director	$0	$0	$0
Vera Duplan	Treasurer	20.00	Officer Director	$0	$0	$0
Serge Barbir	Secretary	5.00	Officer Director	$0	$0	$0
Liz Buljan	Member at Large	4.00	Director	$0	$0	$0
Chip Kumparak	Member at Large	2.00	Director	$0	$0	$0
Marijana Pavic	Student Liaison	22.00	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	$366,200	$451,939	$5,966,607	$-85,739
2024	$387,615	$385,680	$5,524,820	$1,935
2023	$613,603	$2,168,309	$5,272,107	$-1,554,706
2022	$273,731	$387,135	$6,535,492	$-113,404
2021	$5,683,496	$486,998	$7,092,603	$5,196,498
2020	$246,370	$182,136	$1,877,688	$64,234
2019	$207,130	$192,730	$1,720,309	$14,400
2018	$258,568	$173,713	$1,589,386	$84,855

CROATIAN SCHOLARSHIP FUND