MOUNT ARARAT DISCOVERY FOUNDATION

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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

Paul Chou

Phone

9193490898

Tax Period

2023-01-01 to 2023-12-31

MOUNT ARARAT DISCOVERY FOUNDATION, founded in 2015, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $15K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $14K, a strong 95% operating margin.

Mission

To seek out,scientifically test,document and preserve artifacts originating near and from Mount Ararat, Turkey

Program Service Accomplishments

Program 1

Expenses: $7,138 Revenue: $15,000

With the support of Andrews University, Mount Ararat Discovery Foundation cohosted a conference with Parachute Company in Tbilisi, Georgia for a conference with the past partners since 2015 and...

With the support of Andrews University, Mount Ararat Discovery Foundation cohosted a conference with Parachute Company in Tbilisi, Georgia for a conference with the past partners since 2015 and negotiated with Turkish Government officials in Istanbul Turkey for a future plan to have an exhibit in Charlotte, NC to show the future cooperation between Turkey and the US.MADF continued to pave the strategic climbto the Mt. Ararat for the discovery of the wood structure.

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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 $15,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $15,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,138

Other Expenses $808

TOTAL EXPENSES $808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,000	$293,200	-0.9%
Expenses	$808	$358,182	-1.0%
Net Income	$14,192	$-64,982	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Chou	Chairman of the Board	N/A	Officer Director	$0	$0	$0
Mary Kennally	Secretary	N/A	Officer Director	$0	$0	$0
Mollie Faison	Board Member	N/A	Director	$0	$0	$0
Shirley Chu	Treasurer	N/A	Officer	$0	$0	$0
Philip Williams	Advisor	N/A		$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
2023	$15,000	$808	$281,894	$14,192
2023	$15,000	$7,946	$281,894	$7,054
2022	$293,200	$358,182	$278,140	$-64,982
2021	$58,934	$29,942	$332,684	$28,992
2020	$100,000	$12,060	$253,626	$87,940