WORLD LINKS ASSOCIATION INC

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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

2001

Legal Domicile

Principal Officer

TIMUR SOUSLIN

Phone

5703448890

Tax Period

2023-01-01 to 2023-12-31

WORLD LINKS ASSOCIATION INC, founded in 2001, is a small nonprofit in the Human Services sector that reported $353K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $494K exceeded revenue, resulting in a 40% operating deficit.

Mission

PROVIDES INTERCOUNTRY ADOPTION SERVICES TO AMERICAN FAMILIES AND HUMANITARIAN AID TO CHILDREN IN NEED.

Program Service Accomplishments

Program 1

Expenses: $435,476 Revenue: $269,245

PROVIDES INTERCOUNTRY ADOPTION SERVICES TO AMERICAN FAMILIES AND HUMANITARIAN AID TO CHILDREN IN NEED.

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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 $83,386

Program Service Revenue $269,245

Investment Income $154

Other Revenue $0

TOTAL REVENUE $352,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $365,136

Fundraising Expenses $6,419

Program Expenses $435,476

Other Expenses $129,053

TOTAL EXPENSES $494,189

Year-over-Year Comparison

	2023	2022	Change
Revenue	$352,785	$465,285	-0.2%
Expenses	$494,189	$466,615	+0.1%
Net Income	$-141,404	$-1,330	+105.3%

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

Volunteers

N/A

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

Total Directors

$181,825

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA J BILARDI	CHAIRMAN OF THE BOARD	2.00	Director	$0	$0	$0
JAMES WOROBEY	TREASURER	2.00	Director	$0	$0	$0
MARJORIE DESANTO BARLOW ESQUIRE	VICE CHAIRMAN	2.00	Director	$0	$0	$0
TATIANA SUSLIN	SECRETARY	40.00	Director	$100,903	$0	$100,903
TIMUR SOUSLIN	EXECUTIVE DIRECTOR	40.00	Director	$80,922	$0	$80,922

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
2024	No data	No data	No data	No data
2023	$352,785	$494,189	$95,336	$-141,404
2022	$465,285	$466,615	$189,511	$-1,330
2021	$501,833	$441,109	$180,778	$60,724
2020	$238,489	$414,635	$180,263	$-176,146