GARNER, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
PROJECT AGAPE FOCUSES ON ASSISTING DISPLACED FAMILIES FROM THE OCCUPIED REPUBLIC OF ARTSAKH (ALSO KNOWN AS NAGORNO-KARABAKH). DURING 2025 FUNDS PROVIDED FOR: THE ANNUAL OPERATING BUDGET AND CONSTRUCTION OF A NEW WAREHOUSE AT THE PROJECT AGAPE CENTER IN VAYK, ARMENIA, VOCATIONAL TRAINING AND RELATED SUPPLIES (SEWING MACHINES), EMERGENCY/HUMANITARIAN ASSISTANCE (COMFORTERS, CATTLE PROJECT, FINANCIAL ASSISTANCE).
ANNUAL OPERATING BUDGET: FUNDS ARE PROVIDED EACH YEAR TO MAINTAIN A STAFF, OFFICES, VOCATIONAL SCHOOL, WAREHOUSE AND VEHICLES NECESSARY TO SUPPORT THE ORGANIZATION'S MISSION IN ARMENIA. IN 2025...
ANNUAL OPERATING BUDGET: FUNDS ARE PROVIDED EACH YEAR TO MAINTAIN A STAFF, OFFICES, VOCATIONAL SCHOOL, WAREHOUSE AND VEHICLES NECESSARY TO SUPPORT THE ORGANIZATION'S MISSION IN ARMENIA. IN 2025 SALARIES, PAYROLL TAXES AND EMPLOYEE BENEFITS OF 92,361 WERE PROVIDED FOR A STAFF OF (12) PEOPLE. ALL OTHER EXPENSES OF 70,920 PROVIDED FOR THE RENT, UTILITIES AND SUPPLIES FOR AN OFFICE IN YEREVAN AND THE PROJECT AGAPE CENTER IN VAYK, AS WELL AS FUEL, MAINTENANCE AND RELATED EXPENSES FOR (3) VEHICLES.
VOCATIONAL TRAINING: DURING 2025 FORTY (40) INDIVIDUALS SUCCESSFULLY COMPLETED VOCATIONAL TRAINING PROGRAMS. UPON GRADUATION, PARTICIPANTS RECEIVED THE NECESSARY SUPPLIES AND EQUIPMENT TO BEGIN SMALL...
VOCATIONAL TRAINING: DURING 2025 FORTY (40) INDIVIDUALS SUCCESSFULLY COMPLETED VOCATIONAL TRAINING PROGRAMS. UPON GRADUATION, PARTICIPANTS RECEIVED THE NECESSARY SUPPLIES AND EQUIPMENT TO BEGIN SMALL BUSINESS ACTIVITIES IN THEIR LOCAL COMMUNITY TO SUSTAINABLY SUPPORT THEMSEVES AND THEIR FAMILIES. CURRICULUMS INCLUDED NAIL CARE, SEWING, INFORMATION TECHNOLOGY, COMMUNICATIONS AND TEACHING ENGLISH AS A FOREIGN LANGUAGE (TEFL).
WAREHOUSE GRANT: FUNDS USED TO CONSTRUCT A NEW WAREHOUSE AT THE PROJECT AGAPE CENTER IN VAYK, ARMENIA TO REPLACE A LEASED WAREHOUSE, WHOSE LEASE WAS UNEXPECTEDLY CANCELED. THE NEW ON-SITE WAREHOUSE...
WAREHOUSE GRANT: FUNDS USED TO CONSTRUCT A NEW WAREHOUSE AT THE PROJECT AGAPE CENTER IN VAYK, ARMENIA TO REPLACE A LEASED WAREHOUSE, WHOSE LEASE WAS UNEXPECTEDLY CANCELED. THE NEW ON-SITE WAREHOUSE WILL PROVIDE A SECURE AND ORGANIZED STORAGE AND DISTRIBUTION CENTER FOR DONATED CLOTHING, BEDDING, HYGIENE AND SCHOOL SUPPLIES, AS WELL AS HOUSEHOLD GOODS AND SEASONAL ASSISTANCE ITEMS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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