ACADEMY OF INTERNATIONAL BUSINESS

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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

2015

Legal Domicile

Principal Officer

TUNGA KIYAK

Phone

5174321452

Tax Period

2023-01-01 to 2023-12-31

ACADEMY OF INTERNATIONAL BUSINESS, founded in 2015, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $348K, a strong 21% operating margin.

Mission

WE CREATE, NURTURE, AND EMPOWER A GLOBAL COMMUNITY OF SCHOLARS FOCUSED ON CREATING, ADVANCING, AND DISSEMINATING KNOWLEDGE IN INTERNATIONAL BUSINESS RESEARCH, EDUCATION, POLICY, AND PRACTICE.

Program Service Accomplishments

Program 1

Expenses: $672,048 Revenue: $493,269

THE ACADEMY OF INTERNATIONAL BUSINESS HELD ITS ANNUAL CONFERENCE IN WARSAW, POLAND, HOSTING MORE THAN 1000 MEMBERS. AS THE PREMIER GLOBAL COMMUNITY OF INTERNATIONAL BUSINESS SCHOLARS, AIB USED THIS EVENT AS AN OPPORTUNITY TO INNOVATE THE WAYS RESEARCHERS CONNECT, SHARE KNOWLEDGE, AND EXPAND THEIR SKILLSETS. VISIT THE AIB 2023 ONLINE WEBPAGE FOR MORE INFORMATION. ALL PROGRAM DETAILS WITH INFORMATION ON PROGRAM, SCHOLARSHIPS, AWARDS, PHOTOS, AND MORE CAN BE FOUND AT: HTTPS://WWW.AIB.WORLD/EVENTS/2023/. DOCTORAL STUDENTS RECEIVED TRAVEL SCHOLARSHIPS TOTALING (PROCESSED AS COMPLIMENTARY CONFERENCE FEES AND MEMBERSHIPS AND DIRECT LODGING CHARGES) TO ATTEND THE 2023 AIB ANNUAL CONFERENCE IN WARSAW, POLAND. SCHOLARSHIPS ARE GIVEN TO ENCOURAGE NEW PHD STUDENTS TO ENTER AND THE FIELD OF INTERNATIONAL BUSINESS. VISIT HTTPS://WWW.AIB.WORLD/EVENTS/2023/ATTEND/DOCTORAL-STUDENT-STIPENDS/ MORE INFORMATION.PRESENTED SCHOLARSHIP AWARDS TO DOCTORAL STUDENTS AND FACULTY WORLDWIDE IN RECOGNITION OF SUPERIOR ACHIEVEMENT AND SCHOLARSHIP IN FRONTIER RESEARCH IN THE FIELD OF INTERNATIONAL BUSINESS. SEE HTTPS://WWW.AIB.WORLD/NEWS/CONGRATULATIONS-TO-OUR-AIB-2023-WARSAW-AWARD-WINNERS/ FOR MORE INFORMATION.

Program 2

Expenses: $164,546 Revenue: $574,248

PRODUCED THE JOURNAL OF INTERNATIONAL BUSINESS STUDIES (JIBS). THE JOURNAL IS DISTRIBUTED TO AND BENEFITS ALL MEMBERS. THE JOURNAL IS PUBLISHED 9 TIMES PER YEAR. VISIT...

PRODUCED THE JOURNAL OF INTERNATIONAL BUSINESS STUDIES (JIBS). THE JOURNAL IS DISTRIBUTED TO AND BENEFITS ALL MEMBERS. THE JOURNAL IS PUBLISHED 9 TIMES PER YEAR. VISIT: HTTPS://WWW.AIB.WORLD/PUBLICATIONS/JOURNAL-OF INTERNATIONAL-BUSINESS-STUDIES/. PRODUCED THE JOURNAL OF INTERNATIONAL BUSINESS POLICY (JIBP). THE JOURNAL IS DISTRIBUTED TO AND BENEFITS ALL MEMBERS. THE JOURNAL IS PUBLISHED 4 TIMES PER YEAR. FOR MORE DETAILED INFORMATION VISIT: HTTPS://WWW.AIB.WORLD/PUBLICATIONS/JOURNAL-OF-INTERNATIONAL-BUSINESS-POLICY/.

Program 3

Expenses: $15,525 Revenue: $383,809

PUBLISHED THE AIB NEWSLETTER ON A BI-WEEKLY BASIS. NEWSLETTER IS DISTRIBUTED TO ALL MEMBERS AND INCLUDES INFORMATION ABOUT ONGOING RESEARCH PROJECTS, MEMBER OPPORTUNITIES, NEW PUBLICATIONS, AND OTHER DEVELOPMENTS. FOR AIB NEWSLETTER VISIT: HTTPS://WWW.AIB.WORLD/PUBLICATIONS/AIB-NEWSLETTER/. ORGANIZED 18 ONLINE WEBINARS AND WORKSHOPS. DISCUSSED LATEST RESEARCH FINDINGS. PROVIDED PROFESSIONAL DEVELOPMENT OPPORTUNITIES. DISCUSSED BEST PRACTICES AND NEW TECHNIQUES AND SKILLS IN PEDAGOGY. FOR INFORMATION ON AIB WEBINARS, PLEASE VISIT HTTPS://WWW.AIB.WORLD/EVENTS/ STARTED FRONTLINE IB, A PODCAST SERIES FEATURING INTERVIEWS WITH TOP SCHOLARS IN INTERNATIONAL BUSINESS. FOR MORE INFORMATION, PLEASE VISIT HTTPS://WWW.AIB.WORLD/COMMUNITY/FRONTLINE-IB/

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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 $131,865

Program Service Revenue $1,451,046

Investment Income $56,279

Other Revenue $280

TOTAL REVENUE $1,639,470

Expense Breakdown

Grants Paid $59,414

Salaries & Benefits $151,333

Fundraising Expenses $0

Program Expenses $852,119

Other Expenses $1,080,492

TOTAL EXPENSES $1,291,239

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,639,470	$1,202,539	+0.4%
Expenses	$1,291,239	$1,289,846	+0.0%
Net Income	$348,231	$-87,307	-5.0%

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

120

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

$151,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA TEREZA LEME FLEURY	PAST PRESIDENT 22-23	10.00	Officer Director	$0	$0	$0
PETER LEISCH	PRESIDENT 23-24	5.00	Officer Director	$0	$0	$0
GARY KNIGHT	PRESIDENT ELECT 23-24	5.00	Officer Director	$0	$0	$0
ANDREW DELIOS	VP PROGRAM 20-23	1.00	Officer Director	$0	$0	$0
KAZ ASAKAWA	VP PROGRAM 21-24	10.00	Officer Director	$0	$0	$0
CATHERINE WELCH	VP PROGRAM ELECT 22-25	10.00	Officer Director	$0	$0	$0
SRILATA ZAHEER	VP PROGRAM 23-26	5.00	Officer Director	$0	$0	$0
DANA MINBAEVA	VP ADMIN 20-23	5.00	Officer Director	$0	$0	$0
VAS TARAS	VP ADMIN 22-25	5.00	Officer Director	$0	$0	$0
MATT RASKOVIC	VP ADMIN 23-24	5.00	Officer Director	$0	$0	$0
LIENA KANO	VP ADMIN 23-26	1.00	Officer Director	$0	$0	$0
TUNGA KIYAK	EXECUTIVE DIRECTOR	35.00	Officer	$110,615	$30,718	$141,333
IREM KIYAK	TREASURER (1/23-8/23)	20.00	Officer	$10,000	$0	$10,000
BERNICE DAVENPORT	TREASURER (8/23-12/23)	30.00	Officer	$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
2024	No data	No data	No data	No data
2023	$1,639,470	$1,291,239	$3,818,278	$348,231
2022	$1,202,539	$1,289,846	$3,249,309	$-87,307
2021	$934,894	$676,224	$3,770,449	$258,670
2020	$1,010,344	$630,951	$3,443,658	$379,393
2019	$1,449,819	$1,377,738	$2,966,280	$72,081
2018	$1,145,738	$1,193,842	$2,801,909	$-48,104
2017	$1,147,485	$1,108,307	$2,889,487	$39,178
2016	$1,198,721	$1,161,381	$2,838,856	$37,340