BOSNIAN AMERICAN ASSOCIATION INC

EIN: 834516880 501(c)(3) Arts, Culture & Humanities

BOWLING GREEN, KY

Total Revenue
$54,356
Total Expenses
$43,158
Total Assets
$30,935
Net Assets
$30,935
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Principal Officer
IGOR KUVAC
Tax Period
2023-01-01 to 2023-12-31

BOSNIAN AMERICAN ASSOCIATION INC, founded in 2019, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $54K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $11K, a strong 21% operating margin.

Mission

THE MISSION OF THE BOSNIAN-AMERICAN ASSOCIATION OF BOWLING GREEN IS TO PROMOTE AND FOSTER BOSNIAN-AMERICAN HERITAGE AND ACTIVISM AND COLLABORATE WITH COMMUNITY STAKEHOLDERS OF THE BOSNIAN-AMERICAN COMMUNITY IN BOWLING GREEN, KENTUCKY, AND THE UNITED STATES IN AN EFFORT TO ESTABLISH BETTER RELATIONSHIPS AND CREATE AND INCLUSIVE ENVIRONMENT FOR BOSNIAN-AMERICANS. SECOND, THE MISSION OF THE BOSNIAN-AMERICAN ASSOCIATION IS TO ENGAGE IN COMMUNITY EFFORTS TO GIVE BACK TO THE BOWLING GREEN COMMUNITY AND BOSNIANS ABROAD.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $29,546
Program Service Revenue $24,810
Investment Income $0
Other Revenue $0
TOTAL REVENUE $54,356

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $43,158
Other Expenses $43,158
TOTAL EXPENSES $43,158

Year-over-Year Comparison

2023 2022 Change
Revenue $54,356 $140,138 -0.6%
Expenses $43,158 $146,118 -0.7%
Net Income $11,198 $-5,980 -2.9%
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

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Governance

Voting Members
10
Independent Members
10
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMEL ATIC DIRECTOR N/A
Director
$0 $0 $0
IRMA GOLUBOVIC DIRECTOR N/A
Director
$0 $0 $0
ASMIRA HUSIC PRESIDENT N/A
Officer Director
$0 $0 $0
IGOR KUVAC VICE PRESIDE N/A
Officer Director
$0 $0 $0
MIRELA OSMANOVIC DIRECTOR N/A
Director
$0 $0 $0
ADNAN SALIHOVIC TREASURER N/A
Officer Director
$0 $0 $0
MEHMED SALIHOVIC DIRECTOR N/A
Director
$0 $0 $0
SANELA SALIHOVIC SECRETARY N/A
Officer Director
$0 $0 $0
SEDIN SALIHOVIC DIRECTOR N/A
Director
$0 $0 $0
MIRSAD ZUKIC DIRECTOR N/A
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 $54,356 $43,158 $30,935 $11,198
2019 $135,221 $110,556 $24,665 $24,665
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