BULGARIA INNOVATION HUB INC (EIN 833952884) - 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

2019

Legal Domicile

Principal Officer

PAVALINA YANAKIEVA

Phone

6505763951

Tax Period

2023-01-01 to 2023-12-31

BULGARIA INNOVATION HUB INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $267K in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum.

Mission

DRIVING INNOVATION, GROWTH, AND HUMAN DEVELOPMENT THROUGH KNOWLEDGE EXCHANGE AND CROSS-CULTURAL COLLABORATION.

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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 $212,312

Program Service Revenue $54,691

Investment Income $0

Other Revenue $0

TOTAL REVENUE $267,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,919

Fundraising Expenses $46,750

Program Expenses $203,604

Other Expenses $104,159

TOTAL EXPENSES $288,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$267,003	$150,662	+0.8%
Expenses	$288,078	$438,378	-0.3%
Net Income	$-21,075	$-287,716	-0.9%

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

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

$151,350

Total Directors

$151,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAVLINA YANAKIEVA	EXECUTIVE DIRECTOR	40	Officer Director	$151,350	$0	$151,350
BOGOMIL BALKANSKY	PRESIDENT	3	Officer Director	$0	$0	$0
VASSIL TERZIEV	SECRETARY	3	Officer Director	$0	$0	$0
IVAN DIMOV	TREASURER	3	Officer 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
2024	No data	No data	No data	No data
2023	$267,003	$288,078	$24,301	$-21,075
2022	$150,662	$287,716	$44,474	$-137,054
2021	$319,668	$198,188	$181,647	$121,480

BULGARIA INNOVATION HUB INC