The American Slovenian Polka Foundation

Nonprofit profile at a glance

EIN
341588664
IRS 990-EZ coverage
2011–2024
Forms available
Form 990-EZ 2024
Location
Euclid, OH, USA
Phone
2162613263
Rating
93
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Official website

Reported finances

Revenue
$63,648
Expenses
$66,836
Assets
$321,467
Liabilities
$208

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

Leadership & pay

15 people listed

Executive titles in this filing

  • JOHN MUHVIC (PRESIDENT)
  • JOE VALENCIC (VICE PRESIDENT)

People named in this filing

  • DENNIS BUCAR (TRUSTEE)
  • DEBBIE RIETZE (TRUSTEE)
  • TONY FORTUNA (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The American Slovenian Polka Foundation is dedicated to the preservaton and promotion of Cleveland style polka music, the happiest sound around.

What it reported doing in 2024

National cleveland-style polka hall of fame - maintain museum facility to accumulate/exchange artifacts; document evolution of slovenian folk music; audibly preserve this music

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 47
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -5%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 4.81; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 13.6%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: -13.3% per year; rating input score 0; 23rd percentile among comparable filings
  • Revenue growth: -1.2% per year; rating input score 0; 46th percentile among comparable filings
  • Asset growth: 5.8% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $68K in reported program spending
  • Leadership: top reported pay $0 · 15 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 7 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.