PROJECT AGAPE INC

EIN: 371978687 501(c)(3) International Affairs

GARNER, NC

Total Revenue
$215,639
Total Expenses
$258,887
Total Assets
$60,623
Net Assets
$60,623
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NC
Principal Officer
ALLAN R VAN METER
Phone
3364035703
Tax Period
2025-01-01 to 2025-12-31

PROJECT AGAPE INC, founded in 2021, is a small nonprofit in the International Affairs sector that reported $216K in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. Expenses of $259K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO ESTABLISH AND MAINTAIN A MISSION PROJECT IN ARMENIA TO PROVIDE A PARTNERSHIP MINISTRY WITH THE ARMENIAN APOSTOLIC CHURCH TO PROVIDE HUMANITARIAN AID IN ARMENIA AND OTHER REGIONS OF THE CAUCASUS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $215,639
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $215,639

Expense Breakdown

Grants Paid $253,642
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $253,642
Other Expenses $5,245
TOTAL EXPENSES $258,887

Year-over-Year Comparison

2025 2024 Change
Revenue $215,639 $238,319 -0.1%
Expenses $258,887 $172,136 +0.5%
Net Income $-43,248 $66,183 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
100

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
2
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLAN R VAN METER CHAIRPERSON 3.00
Officer
$0 $0 $0
WILLIAM J CONROY TREASURER 3.00
Officer
$0 $0 $0
TERRY WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
JANE LEECHFORD BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM A HADDOCK JR BOARD MEMBER 1.00
Director
$0 $0 $0
SANDRA G WALDRON BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN MATEER BOARD MEMBER 2.00
Director
$0 $0 $0
CECIL DONAHUE BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS J LEPORE BOARD MEMBER 2.00
Director
$0 $0 $0
WILLIAM SABISTON BOARD MEMBER 1.00
Director
$0 $0 $0
HARRY MOORACHIAN BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA ERLANDSON BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER FORSMAN BOARD MEMBER 1.00
Director
$0 $0 $0
RHONDA GRANT JORDAN BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL DUNHAM BOARD MEMBER 1.00
Director
$0 $0 $0
WANDA WATTS BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA ELLIOTT BOARD MEMBER 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 $215,639 $258,887 $60,623 $-43,248
2024 No data No data No data No data
2023 $253,501 $218,052 $37,688 $35,449
2022 $199,593 $197,354 $2,239 $2,239
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare PROJECT AGAPE INC with other nonprofits in North Carolina and across the country.