ALBANIAN AMERICAN NATIONAL ORGANIZ… - 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

1955

Legal Domicile

Principal Officer

Richard Rafail

Tax Period

2023-08-01 to 2024-07-31

ALBANIAN AMERICAN NATIONAL ORGANIZATION SCHOLARSHIP FUND INC, founded in 1955, is a small nonprofit that reported $261K in total revenue in fiscal year 2023. Revenue surged 3190% from the prior year, signaling strong growth momentum. The organization ran a surplus of $236K, a strong 90% operating margin.

Mission

Provide scholarships to college students with Albanian decent

Program Service Accomplishments

Program 1

Expenses: $25,389 Revenue: $261,248

The Organization provides college scholarships to students of Albanian decent. Ten scholarships were awarded this fiscal year.

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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 $253,515

Program Service Revenue $0

Investment Income $7,732

Other Revenue $0

TOTAL REVENUE $261,247

Expense Breakdown

Grants Paid $23,900

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,389

Other Expenses $1,489

TOTAL EXPENSES $25,389

Year-over-Year Comparison

	2023	2022	Change
Revenue	$261,247	$7,941	+31.9%
Expenses	$25,389	$20,375	+0.2%
Net Income	$235,858	$-12,434	-20.0%

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

N/A

Employees

N/A

Volunteers

N/A

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 Apostol	Board of Governor Albany	1	Director	$0	$0	$0
Eva Telli	Board of Governor Chicago	1	Director	$0	$0	$0
Julia Black	Board of Governor Detroit	1	Director	$0	$0	$0
Dodona Robocci	Board of Governor Naples	1	Director	$0	$0	$0
Metat Idrizi	Board of Governor Clearwater	1	Director	$0	$0	$0
Phil Foundos	Board of Governor New York	1	Director	$0	$0	$0
Nilda Salavachi	Board of Governor Philadelphia	1	Director	$0	$0	$0
Jana Foundos	President	1	Officer	$0	$0	$0
Iris Maluka	Vice President	1	Officer	$0	$0	$0
Mia Orlow	Secretary	1	Officer	$0	$0	$0
Richard Rafail	Treasurer	3	Officer	$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	No data	No data	No data	No data
2024	$261,247	$25,389	$664,866	$235,858

ALBANIAN AMERICAN NATIONAL ORGANIZATION SCHOLARSHIP FUND INC