CYPRUS AMERICAN ARCHAEOLOGICAL RES… - 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

1979

Legal Domicile

Principal Officer

NANCY SERWINT

Phone

7037898231

Tax Period

2023-07-01 to 2024-06-30

CYPRUS AMERICAN ARCHAEOLOGICAL RESEARCH INSTITUTE, founded in 1979, is a small nonprofit in the Arts, Culture & Humanities sector that reported $325K in total revenue in fiscal year 2023. Expenses of $394K exceeded revenue, resulting in a 21% operating deficit.

Mission

CAARI PROMOTES THE STUDY AND KNOWLEDGE OF CYPRIOT ARCHAEOLOGY AND RELATED DISCIPLINES. CAARI IS THE ONLY FOREIGN INSTITUTION OFFERING INTERNATIONAL AND CYPRIOT SCHOLARS COMPREHENSIVE RESEARCH FACILITIES AND SUPPORT IN ARCHAEOLOGY AND RELATED FIELDS.

Program Service Accomplishments

Program 1

Expenses: $263,748 Revenue: $48,102

CAARI'S PROGRAMS BRING TOGETHER VISITING FOREIGN SCHOLARS, THE CYPRIOT ARCHAEOLOGICAL COMMUNITY AND THE INTERESTED PUBLIC. EVENTS FOR BOTH SCHOLARLY AUDIENCES AND NON-SPECIALISTS TAKE PLACE...

CAARI'S PROGRAMS BRING TOGETHER VISITING FOREIGN SCHOLARS, THE CYPRIOT ARCHAEOLOGICAL COMMUNITY AND THE INTERESTED PUBLIC. EVENTS FOR BOTH SCHOLARLY AUDIENCES AND NON-SPECIALISTS TAKE PLACE THROUGHOUT THE ACADEMIC YEAR AS WELL AS THE SUMMER EXCAVATION SEASON.

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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 $174,048

Program Service Revenue $48,102

Investment Income $102,779

Other Revenue $0

TOTAL REVENUE $324,929

Expense Breakdown

Grants Paid $30,344

Salaries & Benefits $151,976

Fundraising Expenses $7,516

Program Expenses $263,748

Other Expenses $211,483

TOTAL EXPENSES $393,803

Year-over-Year Comparison

	2023	2022	Change
Revenue	$324,929	$325,875	0.0%
Expenses	$393,803	$369,332	+0.1%
Net Income	$-68,874	$-43,457	+0.6%

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

$78,856

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY SERWINT	CO-PRESIDENT	5.00	Officer Director	$0	$0	$0
R SCOTT MOORE	CO-PRESIDENT	5.00	Officer Director	$0	$0	$0
ANNEMARIE WEYL CARR	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
LAURA SWANTEK	SECRETARY	5.00	Officer Director	$0	$0	$0
WILLIAM S ANDREAS	TREASURER, IT OFFICER, & CLERK	5.00	Officer Director	$0	$0	$0
ZUZANA CHOVANEC	CHAIR, DEVELOPMENT COMMITTEE	5.00	Director	$0	$0	$0
MICHAL ARTZY	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM CARAHER	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS CHRISTODOULOU	TRUSTEE	1.00	Director	$0	$0	$0
WALTER CRIST	TRUSTEE	1.00	Director	$0	$0	$0
ACHILLEAS DEMETRIADES	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN FISHER	TRUSTEE	1.00	Director	$0	$0	$0
KATHRYN GROSSMAN	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE JOHNSTON	TRUSTEE	1.00	Director	$0	$0	$0
IOANNA KAKOULLI	TRUSTEE	1.00	Director	$0	$0	$0
CATHERINE KEARNS	TRUSTEE	1.00	Director	$0	$0	$0
YOUNG RICHARD KIM	TRUSTEE	1.00	Director	$0	$0	$0
MARIA KYRIAKOU	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS LANDVATTER	TRUSTEE	1.00	Director	$0	$0	$0
STURT MANNING	TRUSTEE	1.00	Director	$0	$0	$0
MANTHOS MAVROMMATIS	TRUSTEE	1.00	Director	$0	$0	$0
KEITH PETERSON	TRUSTEE	1.00	Director	$0	$0	$0
IAN RANDALL	TRUSTEE	1.00	Director	$0	$0	$0
CAROLINE SAUVAGE	TRUSTEE	1.00	Director	$0	$0	$0
ALAN H SIMMONS	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW SPIGELMAN	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES STEWART	TRUSTEE	1.00	Director	$0	$0	$0
LINDY CREWE	EXECUTIVE DIRECTOR	40.00	Officer	$65,224	$13,632	$78,856

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	No data	No data	No data	No data
2024	$324,929	$393,803	$4,093,074	$-68,874
2023	$325,875	$369,332	$4,001,309	$-43,457
2022	$318,594	$364,891	$3,913,699	$-46,297
2021	$1,745,031	$354,914	$4,616,940	$1,390,117
2020	$370,031	$309,205	$3,002,127	$60,826
2019	$347,459	$346,504	$2,992,381	$955
2018	$419,639	$317,876	$3,043,483	$101,763

CYPRUS AMERICAN ARCHAEOLOGICAL RESEARCH INSTITUTE