MOUNT ARARAT DISCOVERY FOUNDATION

EIN: 475291080 501(c)(3) Arts, Culture & Humanities

RALEIGH, NC

Total Revenue
$15,000
Total Expenses
$808
Total Assets
$281,894
Net Assets
$1,827
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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
NC
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

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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%)

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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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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