Partnership for Economics Education and Research (EIN 030598838) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

Tamara Sulukhia

Phone

7346228015

Tax Period

2024-07-01 to 2025-06-30

Partnership for Economics Education and Research, founded in 2006, is a small nonprofit in the Social Science sector that reported $979K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $871K left a modest 11% surplus.

Mission

To foster economic education and research in the Republic of Georgia, Armenia, Azerbaijan and neighboring countries, in accordance with the highest academic standards of the international economics profession.

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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 $529,425

Program Service Revenue $245,638

Investment Income $28,450

Other Revenue $175,309

TOTAL REVENUE $978,822

Expense Breakdown

Grants Paid $82,695

Salaries & Benefits $506,741

Fundraising Expenses $31,953

Program Expenses $599,066

Other Expenses $281,362

TOTAL EXPENSES $870,798

Year-over-Year Comparison

	2024	2023	Change
Revenue	$978,822	$1,071,622	-0.1%
Expenses	$870,798	$972,656	-0.1%
Net Income	$108,024	$98,966	+0.1%

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

$123,773

Total Directors

$59,348

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tamara Sulukhia	President and Executive Director	040.00	Officer	$0	$84,222	$84,222
Giorgi Papava	Director, Lead Economist	040.00	Director	$0	$52,699	$52,699
Teona Khaindrava	Board Secretary, Deputy Director for Operations HR	040.00	Officer	$0	$21,261	$21,261
Salome Pirtskhalava	Head of Finance	040.00	Officer	$0	$18,290	$18,290
Nikoloz Pkhakadze	Director, Resident Faculty member	040.00	Director	$0	$3,399	$3,399
Randall Filer	Director	001.00	Director	$3,250	$0	$3,250
Paul Wachtel	Director	001.00	Director	$0	$0	$0
Nerses Yeritsyan	Director	001.00	Director	$0	$0	$0
Jean-Frederic Paulsen	Board Chair and Treasurer	001.00	Officer Director	$0	$0	$0
Severin Meister	Director	001.00	Director	$0	$0	$0
Koba Gvenetadze	Director	001.00	Director	$0	$0	$0
Anders Olofsgard	Director	001.00	Director	$0	$0	$0
Jaba Samushia	Director	001.00	Director	$0	$0	$0
Nika Megutnishvili	Director	001.00	Director	$0	$0	$0
Giorgi Sharvashidze	Director	001.00	Director	$0	$0	$0
Ruslan Alikhanov	Director	001.00	Director	$0	$0	$0
Tinatin Akhvlediani	Director	001.00	Director	$0	$0	$0
Jochen Zimmermann	Director	001.00	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
2025	$978,822	$870,798	$4,378,830	$108,024
2024	$1,071,622	$972,656	$3,884,167	$98,966
2023	$948,508	$945,902	$1,993,206	$2,606
2022	$2,012,260	$1,015,103	$1,615,456	$997,157
2021	$1,233,853	$1,194,066	$871,068	$39,787
2021	$1,233,853	$1,194,066	$871,068	$39,787
2020	$1,195,199	$1,179,038	$1,619,334	$16,161
2020	$1,209,289	$1,179,038	$1,577,346	$30,251
2019	$1,062,022	$1,385,767	$492,455	$-323,745
2018	$972,360	$1,629,104	$857,262	$-656,744

Partnership for Economics Education and Research