THE FRIENDS OF MOLDOVA

EIN: 843889521 501(c)(3) International Affairs

HASLETT, MI

Total Revenue
$76,644
Total Expenses
$95,461
Total Assets
$78,256
Net Assets
$77,874
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MI
Principal Officer
BARTOSZ GAWARECKI
Phone
8778295500
Tax Period
2023-01-01 to 2023-12-31

THE FRIENDS OF MOLDOVA, founded in 2019, is a micro nonprofit in the International Affairs sector that reported $77K in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $95K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO EDUCATE AND PROVIDE MATERIAL SUPPORT FOR MOLDOVAN YOUTH FOR CIVIL ENGAGEMENT AND ENTREPRENEURSHIP AND TO PRESENT OPPORTUNITIES FOR YOUNG MOLDOVANS TO BUILD THEIR LIFE SKILLS THROUGH WORKSHOPS, TRAINING, ACCESS TO PROFESSIONAL MATERIALS, AND FINANCIAL SUPPORT. SINCE LATE FEBRUARY 2022, THE ORGANIZATION HAS SUPPORTED UKRAINIAN REFUGEES IN MOLDOVA WITH FOOD AND HYGIENE PRODUCTS. THE ORGANIZATION HAS ALSO PROVIDED TRANSPORTATION AND DEVELOPED A SMALL GROUP OF UKRAINIAN VOLUNTEERS AT THE DISTRIBUTION CENTER.

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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 $76,047
Program Service Revenue $0
Investment Income $597
Other Revenue $0
TOTAL REVENUE $76,644

Expense Breakdown

Grants Paid $79,460
Salaries & Benefits $0
Fundraising Expenses $842
Program Expenses $80,394
Other Expenses $16,001
TOTAL EXPENSES $95,461

Year-over-Year Comparison

2023 2022 Change
Revenue $76,644 $1,056,028 -0.9%
Expenses $95,461 $963,300 -0.9%
Net Income $-18,817 $92,728 -1.2%
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

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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
4
Independent Members
4
Employees
N/A
Volunteers
12

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
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARTOSZ GAWARECKI PRESIDENT 32.00
Officer Director
$0 $0 $0
SEAN GROSSNICKLE TREASURER 10.00
Officer Director
$0 $0 $0
COURTNEY JACKSON DIRECTOR 32.00
Director
$0 $0 $0
KAIKHOSROW SOROUSHIAN SECRETARY 10.00
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
2023 $76,644 $95,461 $78,256 $-18,817
2022 $1,056,028 $963,300 $96,811 $92,728
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