Volia Fund

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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

Principal Officer

Alex Balkan

Phone

4255031183

Tax Period

2024-08-01 to 2025-07-31

Volia Fund is a community nonprofit in the Public Safety sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 8% surplus.

Mission

Our mission is to provide a partnership platform fostering deep tech projects in defense, research, manufacturing, and education fields that protect and boost well-being in Ukraine.

Program Service Accomplishments

Program 1

Expenses: $1,167,325

Humanitarian Aid including drone detection systems, evacuation, medical aid, power supply, communications, prosthetics and medical technology, and wearable.

Program 2

Expenses: $129,405

Research and development.

Program 3

Expenses: $7,500

Education and Training for defenders, children, and veterans.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,444,718

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,444,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $12,345

Program Expenses $1,304,230

Other Expenses $1,330,266

TOTAL EXPENSES $1,330,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,444,718	$830,545	+0.7%
Expenses	$1,330,266	N/A	N/A
Net Income	$114,452	$830,545	-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

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
Tetiana Novokhatska	President	10.00	Officer Director	$0	$0	$0
Anastasia Stepanova	Board Member	3.00	Director	$0	$0	$0
Yuliia Matvieieva	Board Member	3.00	Director	$0	$0	$0
Alex Balkan	Treasurer	5.00	Officer Director	$0	$0	$0
Natalia Dutko	Secretary	5.00	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
2025	$1,444,718	$1,330,266	$130,236	$114,452
2024	$830,545	$830,817	$15,784	$-272