MILKY WAY EDUCATIONAL AND CULTURAL… - 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

2016

Legal Domicile

Phone

5712908423

Tax Period

2024-01-01 to 2024-12-31

MILKY WAY EDUCATIONAL AND CULTURAL ASSOCIATION, founded in 2016, is a small nonprofit in the Human Services sector that reported $104K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

Gather, coordinate, and engage activities to promote and preserve culture, language, customs and traditions of Azerbaijani speaking populations living in the USA. Provide community, cultural and educational services, conduct humanitarian activities, provide assistance and help Azerbaijani new comers living and integrating in the USA.

Program Service Accomplishments

Program 1

MILKY WAY EDUCATIONAL AND CULTURAL ASSOCIATION, INCs purpose is to gather, coordinate, and engage activities to promote and preserve culture, language, customs and traditions of Azerbaijani speaking populations living in United States of America. The organization will provide community, cultural and educational services, conduct humanitarian activities, provide assistance and help Azerbaijani new comers living and integrating in the US. MILKY WAY EDUCATIONAL AND CULTURAL ASSOCIATION, INC. will also introduce American culture to Azerbaijani new comers.

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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 $104,016

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $104,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $102,920

TOTAL EXPENSES $102,920

Year-over-Year Comparison

	2024	2023	Change
Revenue	$104,016	$80,323	+0.3%
Expenses	$102,920	$123,555	-0.2%
Net Income	$1,096	$-43,232	-1.0%

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

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
Alaskar Nahmadov	President	10	Key Emp	$0	$0	$0
Ibrahim Niyazov	VP	10	Director	$0	$0	$0
Ramiz Mammadli	Director	10	Director	$0	$0	$0
Elshan Rasulov	Director	10	Director	$0	$0	$0
Nadir Shafiyev	Director	10	Director	$0	$0	$0
Azar Muradov	Director	10	Director	$0	$0	$0
Niyazi Vazirov	Director	10	Director	$0	$0	$0
Ali Sadigov	Director	10	Director	$0	$0	$0
Bahruz Gadirov	Director	10	Director	$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	$104,016	$102,920	$36,613	$1,096
2023	$80,323	$123,555	$41,674	$-43,232
2022	$119,945	$99,786	$90,018	$20,159
2021	$77,992	$60,310	$79,859	$17,682
2020	$77,930	$39,671	$62,177	$38,259
2019	$67,743	$64,481	$12,818	$3,262
2018	$55,425	$45,869	$9,556	$9,556

MILKY WAY EDUCATIONAL AND CULTURAL ASSOCIATION