BULGARIAN-AMERICAN CULTURAL EDUCAT… - Form 990 Financial Data

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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

Principal Officer

Nadejda Meshkova

Tax Period

2023-01-01 to 2023-12-31

BULGARIAN-AMERICAN CULTURAL EDUCATIONAL SOCIETY OF CALIFORNIA, founded in 2019, is a small nonprofit in the Human Services sector that reported $185K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 72% operating margin.

Mission

TO PRESERVE AND PROMOTE BULGARIAN CULTURE AND TRADITION AMONG AMERICAN CITIZENS OF BULGARIAN DESCENT AND TO PROVIDE RELIEF TO THE POOR OR DISTRESSED.

Program Service Accomplishments

Program 1

Expenses: $13,623

TO PRESERVE AND PROMOTE BULGARIAN CULTURE AND TRADITION AMONG AMERICAN CITIZENS OF BULGARIAN DESCENT AND TO PROVIDE RELIEF TO THE POOR OR DISTRESSED.Significant Program Services for 2023 include:1...

TO PRESERVE AND PROMOTE BULGARIAN CULTURE AND TRADITION AMONG AMERICAN CITIZENS OF BULGARIAN DESCENT AND TO PROVIDE RELIEF TO THE POOR OR DISTRESSED.Significant Program Services for 2023 include:1. Bulgarian Festival2. BG dance choreography classes with Prof. Dr. Andonov3. Fall Event Live Music by Bulgarika4. Supporting BG school - traditional martenitzi workshop5. Supporting BG films and plays : Screening of Phi 1.619, Lets Kill Matilda

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,768

Other Revenue $182,737

TOTAL REVENUE $184,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,623

Other Expenses $51,427

TOTAL EXPENSES $51,427

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,505	$153,243	+0.2%
Expenses	$51,427	$55,125	-0.1%
Net Income	$133,078	$98,118	+0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Alajov	President	4.00	Officer Director	$0	$0	$0
Nadejda Meshkova	CFO	4.00	Officer Director	$0	$0	$0
Vladimir Strinski	Secretary	4.00	Officer Director	$0	$0	$0
Vessie Kazachka	Director	2.00	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	$184,505	$51,427	$1,347,394	$133,078
2022	$153,243	$55,125	$1,212,141	$98,118
2021	$-20,972	$45,373	$1,116,224	$-66,345
2020	$63,757	$140,510	$1,185,011	$-76,753

BULGARIAN-AMERICAN CULTURAL EDUCATIONAL SOCIETY OF CALIFORNIA