BULGARIAN ARTS AND CULTURAL EXCHANGE

EIN: 933111879 501(c)(3) Arts, Culture & Humanities

Kildeer, IL

Total Revenue
$279,091
Total Expenses
$236,991
Total Assets
$263,638
Net Assets
$26,647
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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
2023
Legal Domicile
IL
Principal Officer
Ivelina Angelov
Phone
7084156985
Tax Period
2024-01-01 to 2024-12-31

BULGARIAN ARTS AND CULTURAL EXCHANGE, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $279K in total revenue in fiscal year 2024. The organization ran a surplus of $42K, a strong 15% operating margin.

Mission

to enrich the community through vibrant engagement and meaningful connections by celebrating and preserving the Bulgarian national heritage through diverse range of artistic and cultural initiatives. Organizing community events ( festivals, concerts, theatre plays, community gatherings, educational seminars)

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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 (2024)

Revenue Breakdown

Contributions & Grants $279,091
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $279,091

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $236,991
TOTAL EXPENSES $236,991

Year-over-Year Comparison

2024 2023 Change
Revenue $279,091 N/A N/A
Expenses $236,991 N/A N/A
Net Income $42,100 $0 N/A
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
3
Employees
N/A
Volunteers
20

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
IVELINA ANGELOV PRESIDENT 5
Officer
$0 $0 $0
VALENTIN ZOGRAFOV 5
Officer
$0 $0 $0
NICK ANGELOV TREASURER AND SECRETARY 20
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
2024 $279,091 $236,991 $263,638 $42,100
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