BULGARIAN VOLLEYBALL ACADEMY NFP

EIN: 843621475 501(c)(3) Recreation & Sports

Schaumburg, IL

Total Revenue
$153,091
Total Expenses
$161,193
Total Assets
$16,680
Net Assets
$16,680
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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
IL
Tax Period
2023-01-01 to 2023-12-31

BULGARIAN VOLLEYBALL ACADEMY NFP, founded in 2019, is a small nonprofit in the Recreation & Sports sector that reported $153K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

PROVIDING SPORT / ATHLETIC ACTIVITIES

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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 $3,038
Program Service Revenue $150,053
Investment Income $0
Other Revenue $0
TOTAL REVENUE $153,091

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,809
Fundraising Expenses $0
Program Expenses $161,193
Other Expenses $87,384
TOTAL EXPENSES $161,193

Year-over-Year Comparison

2023 2022 Change
Revenue $153,091 $132,338 +0.2%
Expenses $161,193 $116,012 +0.4%
Net Income $-8,102 $16,326 -1.5%
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
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SIMEON MLADENOV VICE PRESIDENT 7.00
Officer
$0 $0 $0
STOYAN SLAVOV VICE PRESIDENT 5.00
Officer
$0 $0 $0
BOYAN PETEV PRESIDENT 15.00
Officer
$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 No data No data No data No data
2024 No data No data No data No data
2023 $153,091 $161,193 $16,680 $-8,102
2022 $132,338 $116,012 $24,783 $16,326
2021 $75,978 $69,423 $8,457 $6,555
2020 $25,189 $24,655 $218 $534
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