ASSYRIAN ARTS INSTITUTE (EIN 814638366) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

NORA B LACEY

Phone

9167705497

Tax Period

2023-12-01 to 2024-11-30

ASSYRIAN ARTS INSTITUTE, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $195K in total revenue in fiscal year 2023. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $106K, a strong 54% operating margin.

Mission

ASSYRIAN ARTS INSTITUTE PRESERVES, PRESENTS, AND PROMOTES THE CULTURAL WEALTH OF ASSYRIAN ARTISTS GLOBALLY. USING INNOVATIVE TECHNOLOGY, AAI IS BUILDING PHYSICAL AND VIRTUAL EXHIBITS WHERE BOTH HISTORIC AND CONTEMPORARY ASSYRIAN ARTS AND TRADITIONS ARE DISPLAYED, STUDIED AND CELEBRATED BY ALL.

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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 $187,082

Program Service Revenue $7,609

Investment Income $0

Other Revenue $0

TOTAL REVENUE $194,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,289

Other Expenses $88,960

TOTAL EXPENSES $88,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$194,691	$79,127	+1.5%
Expenses	$88,960	$146,135	-0.4%
Net Income	$105,731	$-67,008	-2.6%

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
SARAH J AGHASSI	LEGAL COUNSEL	1.00	Director	$0	$0	$0
NORA BETYOUSEF LACEY	PRESIDENT/FOUNDER	20.00	Officer	$0	$0	$0
PATRICIA SPLINTER	CHAIRMAN OF THE BOARD	1.00	Officer	$0	$0	$0
ROSHEL L AGHASSI	SECRETARY	1.00	Officer	$0	$0	$0
DR JUDITH M HERMIS	TREASURER	1.00	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
2024	$194,691	$88,960	$142,572	$105,731
2023	$79,127	$146,135	$36,841	$-67,008
2022	$167,000	$141,806	$103,849	$25,194
2021	$59,103	$22,564	$78,655	$36,539
2020	$95,930	$97,637	$42,116	$-1,707
2019	$151,331	$143,733	$43,823	$7,598
2018	$107,974	$93,261	$36,225	$14,713

ASSYRIAN ARTS INSTITUTE