AIT NORTH AMERICA INC (EIN 274477954) - 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

2010

Legal Domicile

Principal Officer

NORA BOJAR

Phone

2036062591

Tax Period

2024-01-01 to 2024-12-31

AIT NORTH AMERICA INC, founded in 2010, is a community nonprofit in the International Affairs sector that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

AIT NORTH AMERICA, INC. ENCOURAGES AN INTERNATIONAL EXCHANGE BETWEEN AMERICAN AND HUNGARIAN STUDENTS STUDYING COMPUTER SCIENCE, SOFTWARE ENGINEERING AND ENTREPRENEURSHIP. AIT SEEKS TO ENHANCE AMERICAN PROGRAMS IN THESE AREAS BY EXPOSING AMERICAN STUDENTS TO HUNGARIAN PROGRAMS WITH DEEP- ROOTED TRADITIONS OF EXCELLENCE. AIT HOPES THAT AMERICAN STUDENTS' EXPOSURE TO THESE PROGRAMS WILL BENEFIT THE HUNGARIAN COMMUNITY BOTH DOMESTICALLY AND ABROAD.

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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 $0

Program Service Revenue $2,580,066

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,580,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,017

Fundraising Expenses $0

Program Expenses $2,444,966

Other Expenses $2,471,710

TOTAL EXPENSES $2,510,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,580,066	$2,283,640	+0.1%
Expenses	$2,510,727	$2,200,561	+0.1%
Net Income	$69,339	$83,079	-0.2%

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

$36,000

Total Directors

$36,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORA BOJAR	PRESIDENT	20.00	Officer Director	$36,000	$0	$36,000
ROBERT HALASZ	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
RICHARD CORN	DIRECTOR	2.00	Director	$0	$0	$0
NEIL GRABOIS	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	$2,580,066	$2,510,727	$917,507	$69,339
2023	$2,283,640	$2,200,561	$634,257	$83,079
2022	$1,682,848	$1,819,846	$600,030	$-136,998
2021	$721,655	$1,076,094	$461,888	$-354,439
2020	$1,370,475	$1,403,012	$557,975	$-32,537
2019	$2,288,170	$2,229,708	$1,347,548	$58,462
2018	$2,334,295	$2,225,323	$1,145,001	$108,972

AIT NORTH AMERICA INC