ASSYRIAN UNIVERSAL ALLIANCE FOUNDA… - 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

1978

Legal Domicile

Principal Officer

TIGLAT ISSABEY

Phone

7735469112

Tax Period

2024-01-01 to 2024-12-31

ASSYRIAN UNIVERSAL ALLIANCE FOUNDATION, founded in 1978, is a mid-sized nonprofit in the International Affairs sector that reported $59.5M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $56.3M left a modest 5% surplus.

Mission

THE FOUNDATION PROVIDES ASSISTANCE TO ASSYRIAN AND NON-ASSYRIAN ELDERS IN THE COMMUNITY AND WORKS TO PRESERVE ASSYRIAN CULTURE AND HISTORY.

Program Service Accomplishments

Program 1

Expenses: $49,127,977 Revenue: $58,014,195

A PROGRAM PRIMARILY FUNDED BY THE ILLINOIS DEPARTMENT ON AGING (IDOA) WHICH ASSISTS THE ELDERLY, DISABLED, AND SICK PEOPLE AT HOME. UNDER THIS PROGRAM THE ELDERLY ARE ABLE TO STAY AT HOME WITH FAMILY AND RECEIVE A HELPING HAND TO PROVIDE THE NEEDED SERVICES. THIS WAY THEY WILL NOT BE SEPARATED FROM FAMILY AND LOVED ONES, AND BE HAPPY WITHOUT BEING A FINANCIAL BURDEN. THROUGH THIS PROGRAM, THE FOUNDATION SERVICES OVER 2000 CLIENTS FROM DIVERSE ETHNIC GROUPS. THESE ELDERLY CLIENTS ARE BEING HELPED BY TRAINED CAREGIVERS EMPLOYED BY THE FOUNDATION.

Program 2

Expenses: $1,732,500 Revenue: $160,935

CULTURAL EDUCATION: THE FOUNDATION HAS ESTABLISHED AN ASHURBANIPAL LIBRARY WHICH COLLECTS BOOKS AND PUBLICATIONS IN THE ASSYRIAN LANGUAGE OR ABOUT ASSYRIAN HISTORY, LANGUAGE AND LITERATURE IN...

CULTURAL EDUCATION: THE FOUNDATION HAS ESTABLISHED AN ASHURBANIPAL LIBRARY WHICH COLLECTS BOOKS AND PUBLICATIONS IN THE ASSYRIAN LANGUAGE OR ABOUT ASSYRIAN HISTORY, LANGUAGE AND LITERATURE IN LANGUAGES OTHER THAN ASSYRIAN. THIS LIBRARY IS ALSO AN ARCHIVE CENTER TO COLLECT AND PRESERVE THE DOCUMENTS AND PICTURES ABOUT ASSYRIAN PEOPLE WORLDWIDE. THE ASHURBANIPAL LIBRARY ALSO FUNDS PRODUCTION OF DOCUMENTARY FILMS ABOUT ASSYRIAN HISTORY AND LIFESTYLE IN THE MIDDLE EASTERN COUNTRIES AND ELSEWHERE, AND HELPED TO PRODUCE A SET OF CDS/MP3'S AND A BOOK OF NOTES OF THE RELIGIOUS LITURGY USED BY THE ASSYRIAN CHURCH OF THE EAST. THE FOUNDATION OFFERS MUSIC AND ART LESSONS AS PART OF ITS CULTURAL EDUCATION PROGRAM. A RADIO PROGRAM PRODUCED BY THE FOUNDATION REACHES NOT ONLY THE COMMUNITY IN CHICAGO, BUT IS BROADCAST VIA THE INTERNET.

Program 3

Expenses: $240,178 Revenue: $33

SCHOLARSHIPS: THE FOUNDATION OFFERS FINANCIAL ASSISTANCE TO ASSYRIAN STUDENTS TO PURSUE THEIR HIGHEST EDUCATION.

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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 $2,082

Program Service Revenue $58,020,210

Investment Income $1,328,821

Other Revenue $154,953

TOTAL REVENUE $59,506,066

Expense Breakdown

Grants Paid $395,326

Salaries & Benefits $52,746,357

Fundraising Expenses $0

Program Expenses $51,190,655

Other Expenses $3,204,817

TOTAL EXPENSES $56,346,500

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,506,066	$51,825,069	+0.1%
Expenses	$56,346,500	$48,423,766	+0.2%
Net Income	$3,159,566	$3,401,303	-0.1%

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

2516

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

$802,387

Total Directors

$632,429

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIGLAT ISSABEY	PRESIDENT	50.00	Officer Director	$422,592	$28,407	$450,999
LARRY DAKOF	CCO & TREASURER	50.00	Officer	$236,319	$31,236	$267,555
JOSEPH BADALPOUR	BOARD CHAIRMAN	30.00	Officer Director	$73,600	$10,233	$83,833
EDMOND EBRAHIMI	BOARD MEMBER	50.00	Director	$77,756	$19,841	$97,597
HELEN BADAWI	BOARD MEMBER	10.00	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
2024	$59,506,066	$56,346,500	$53,434,916	$3,159,566
2023	$51,825,069	$48,423,766	$46,144,886	$3,401,303
2022	$41,084,458	$39,442,911	$41,142,012	$1,641,547
2021	$33,906,552	$31,851,145	$44,342,323	$2,055,407
2020	$27,722,779	$25,196,032	$41,900,440	$2,526,747
2019	$22,175,743	$21,665,197	$36,267,573	$510,546
2018	$23,114,784	$21,741,637	$34,316,894	$1,373,147

ASSYRIAN UNIVERSAL ALLIANCE FOUNDATION