THE AMERICAN UNIVERSITY OF IRAQ FO… - 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

2013

Legal Domicile

Principal Officer

NEWMAN T HALVORSON JR

Phone

2146087080

Tax Period

2024-10-01 to 2025-09-30

THE AMERICAN UNIVERSITY OF IRAQ FOUNDATION INC, founded in 2013, is a small nonprofit in the Education sector that reported $441K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $505K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROMOTE HIGHER EDUCATION IN IRAQ BASED ON THE AMERICAN LIBERAL ARTS MODEL.

Program Service Accomplishments

Program 1

Expenses: $445,000

DURING FY25 AUIF MADE CONTRIBUTIONS TO THE KASHKUL CENTER, CENTER FOR GENDER AND DEVELOPMENT STUDIES, ARCHAEOLOGY AND CULTURAL HERITAGE CENTER, AND STUDENT SCHOLARSHIPS, ALL LOCATED WITHIN THE...

DURING FY25 AUIF MADE CONTRIBUTIONS TO THE KASHKUL CENTER, CENTER FOR GENDER AND DEVELOPMENT STUDIES, ARCHAEOLOGY AND CULTURAL HERITAGE CENTER, AND STUDENT SCHOLARSHIPS, ALL LOCATED WITHIN THE AMERICAN UNIVERSITY OF IRAQ SULAIMANI.

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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 $410,116

Program Service Revenue $0

Investment Income $31,082

Other Revenue $0

TOTAL REVENUE $441,198

Expense Breakdown

Grants Paid $445,000

Salaries & Benefits $44,464

Fundraising Expenses $1,078

Program Expenses $445,000

Other Expenses $15,246

TOTAL EXPENSES $504,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$441,198	$595,742	-0.3%
Expenses	$504,710	$324,573	+0.6%
Net Income	$-63,512	$271,169	-1.2%

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

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

$41,304

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEWMAN HALVORSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
GAYLEN HANSEN	TREASURER	3.00	Officer Director	$0	$0	$0
ANDREA SALIBA	VP & SECRETARY	3.00	Officer Director	$0	$0	$0
FRANCIS BLAKE	MEMBER	1.00	Director	$0	$0	$0
ERIC BROWN	MEMBER	1.00	Director	$0	$0	$0
JAKE CUSACK	MEMBER	1.00	Director	$0	$0	$0
MARIE LABROSSE	MEMBER	1.00	Director	$0	$0	$0
CLOVIS MAALOUFF	MEMBER	1.00	Director	$0	$0	$0
JP SCHNAPPER-CASTERAS	MEMBER	1.00	Director	$0	$0	$0
KATE ALLEN	MEMBER	1.00	Director	$0	$0	$0
JASON GALUI	MEMBER	1.00	Director	$0	$0	$0
SAFWAN AL-AMIN	MEMBER	1.00	Director	$0	$0	$0
RACHEL GRESK	EXECUTIVE DIRECTOR	20.00	Officer	$41,304	$0	$41,304

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	$441,198	$504,710	$1,325,915	$-63,512
2024	$595,742	$324,573	$1,533,177	$271,169
2023	$439,879	$470,213	$1,150,875	$-30,334
2022	$1,031,164	$607,203	$1,183,224	$423,961
2021	$501,735	$391,511	$743,445	$110,224
2020	$218,985	$171,749	$624,058	$47,236
2019	$426,950	$341,508	$573,972	$85,442
2018	$369,163	$254,908	$487,151	$114,255

THE AMERICAN UNIVERSITY OF IRAQ FOUNDATION INC