ASSAD ABOOD FOUNDATION INC

EIN: 136121959 501(c)(3) Philanthropy & Grantmaking

CLEVELAND, OH

Total Revenue
$261,658
Total Expenses
$232,429
Total Assets
$778,768
Net Assets
$778,768
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
NY
Principal Officer
NASSIB ABBOUD
Phone
2165619200
Tax Period
2024-06-01 to 2025-05-31

ASSAD ABOOD FOUNDATION INC, founded in 1949, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $262K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $232K left a modest 11% surplus.

Mission

THE ASSAD ABOOD FOUNDATION, INC. IS AN ORGANIZATION COMMITTED TO PROVIDING FINANCIAL SUPPORT TO THE ASSAD ABOOD PUBLIC SCHOOL IN AITANEET, LEBANON.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $108,878
Program Service Revenue $110,125
Investment Income $42,655
Other Revenue $0
TOTAL REVENUE $261,658

Expense Breakdown

Grants Paid $0
Salaries & Benefits $138,233
Fundraising Expenses $0
Program Expenses $219,896
Other Expenses $94,196
TOTAL EXPENSES $232,429

Year-over-Year Comparison

2024 2023 Change
Revenue $261,658 $238,058 +0.1%
Expenses $232,429 $190,221 +0.2%
Net Income $29,229 $47,837 -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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

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
3
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NASSIB ABBOUD PRESIDENT & CEO 5.00
Officer Director
$0 $0 $0
TONY DAHER MD VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
KEITH ABOOD TREASURER 5.00
Officer Director
$0 $0 $0
TANIA NEMER SECRETARY 1.00
Director
$0 $0 $0
MAURICE ABOOD DIRECTOR 1.00
Director
$0 $0 $0
ROGER ABOOD DIRECTOR 1.00
Director
$0 $0 $0
MADELEINE ISKANDER DIRECTOR 1.00
Director
$0 $0 $0
AJ MAGHES DIRECTOR 1.00
Director
$0 $0 $0
LISA MLYNEK MD DIRECTOR 1.00
Director
$0 $0 $0
CARL NAHRA DIRECTOR 1.00
Director
$0 $0 $0
CHARLES NAJM DIRECTOR 1.00
Director
$0 $0 $0
AMY SERGO DIRECTOR 1.00
Director
$0 $0 $0
BOB RASSIE DIRECTOR 1.00
Director
$0 $0 $0
FREDDIE HANNA DIRECTOR 1.00
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 $261,658 $232,429 $778,768 $29,229
2024 $238,058 $190,221 $708,054 $47,837
2023 $128,366 $73,560 $555,634 $54,806
2022 $204,220 $195,961 $563,972 $8,259
2021 $240,486 $290,459 $640,333 $-49,973
2020 $231,262 $286,104 $521,778 $-54,842
2019 $401,392 $483,973 $513,776 $-82,581
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