Romanian-american Foundation

Nonprofit profile at a glance

EIN
932369284
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Montclair, NJ, USA
Phone
9735099509
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$170,796,519
Expenses
$7,779,441
Assets
$175,123,528
Liabilities
$2,007,760

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • ROXANA VITAN (PRESIDENT)

Highest reported compensation

  • ROXANA VITAN (PRESIDENT): $104,756 total reported compensation
  • BOGDAN GIURGINCA (TREASURER & CFO): $71,457 total reported compensation
  • SUZANA DOBRE (VP, STRATEGY & PROGRAMS): $13,968 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To strengthen and promote conditions for a sustainable market economy and a democratic society that provides access to opportunity for all segments of the romanian society.

What it reported doing in 2024

In order to assist in building and maintaining a market economy and democratic society in romania, the foundation contributes to developing entrepreneurship, improving education, promoting the spirit of philanthropy in romania and fostering innovation.

Operating model

Revenue model
Affiliate-supported. 91% of the money available for current operations came from contributions from related organizations.
Distribution model
Grant intermediary. The nonprofit sent 86% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 32
  • Transparency & Controls: 95
  • Accountability: 91
  • Sustainability: 93
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 7.1%; rating input score 7
  • Program expense ratio: 82.9%; rating input score 83
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 6 of 8 controls in place; rating input score 75
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Pass
    • Conducts field audits: Pass
    • May suspend future funding: Fail
    • Requires financial reports: Pass
    • Conducts site visits: Pass
    • Requires grant agreements: Pass
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 48th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 95.4%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 22.51; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 95; 95th percentile among comparable filings
  • Officer compensation ratio: 2.4%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 194.6% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 194.8% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 7.1% of revenue deployed · 82.9% of spending went to programs
  • Governance: 13 of 13 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $6.4M in reported program spending
  • Leadership: top reported pay $105K · 19 people listed
  • Highest-paid contractors: 4 contractors listed · $1.1M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and related organizations
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 7/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Transparency & Controls: Foreign activity oversight: 2 of 8 not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.