ALBANIAN AMERICAN ASSOCIATION OF S… - 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

2022

Legal Domicile

Principal Officer

NASER NIKOVIC

Phone

3475527665

Tax Period

2023-01-01 to 2023-12-31

ALBANIAN AMERICAN ASSOCIATION OF STATEN ISLAND INC, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $47K in total revenue in fiscal year 2023.

Mission

THE ALBANIAN AMERICAN ASSOCIATION OF STATEN ISLAND INC. WAS ORGANIZED TO PRESERVE AND PROMOTE THE CULTURE, HISTORY, LANGUAGE AND ACHIEVEMENTS OF THE ALBANIAN COMMUNITY IN THE UNITED STATES AND ACROSSS THE WORLD, INCLUDING MONTENEGRO. IT PRIMARY PURPOSE IS TO HELP AND ACT AS AN AMBASSADOR FOR THE THE ALBANIAN COMMUNITY IN THE U.S. AND EUROPE.

Program Service Accomplishments

Program 1

ORGANIZE COMMUNITY EVENTS FOR THE ALBANIAN AMERICAN PEOPLE

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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 $46,992

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $46,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $46,452

TOTAL EXPENSES $46,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,992	N/A	N/A
Expenses	$46,452	N/A	N/A
Net Income	$540	N/A	N/A

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
N/A	TREASURER / DIRECTOR	008.00	Officer Director	$0	$0	$0
N/A	PRESIDENT / DIRECTOR	008.00	Officer Director	$0	$0	$0
N/A	ICE PRESIDENT/DIRECTOR	008.00	Officer 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
2024	No data	No data	No data	No data
2023	$46,992	$46,452	$540	$540

ALBANIAN AMERICAN ASSOCIATION OF STATEN ISLAND INC