ARMENIAN CULTURAL ASSOCIATION OF A… - 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

1969

Legal Domicile

Principal Officer

STEVE MESROBIAN

Phone

5085247631

Tax Period

2024-01-01 to 2024-12-31

ARMENIAN CULTURAL ASSOCIATION OF AMERICA INC, founded in 1969, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $1.6M left a modest 8% surplus.

Mission

CHARITABLE AND EDUCATIONAL PURPOSES DIRECTED TO THE PRESERVATION AND CONTINUATION OF THE ARMENIAN CULTURAL AND HISTORICAL HERITAGE.

Program Service Accomplishments

Program 1

Expenses: $855,834 Revenue: $1,013,888

GENERAL ACTIVITIES TO PROMOTE SOCIAL AND CULTURAL SERVICE TO PEOPLE OF ARMENIAN ORIGIN.

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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 $248,847

Program Service Revenue $1,013,888

Investment Income $380,454

Other Revenue $97,426

TOTAL REVENUE $1,740,615

Expense Breakdown

Grants Paid $241,376

Salaries & Benefits $209,765

Fundraising Expenses $409,639

Program Expenses $855,834

Other Expenses $1,155,700

TOTAL EXPENSES $1,606,841

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,740,615	$2,164,231	-0.2%
Expenses	$1,606,841	$2,458,804	-0.3%
Net Income	$133,774	$-294,573	-1.5%

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

Volunteers

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
SEVAG SHIROZIAN	DIRECTOR	2.00	Director	$0	$0	$0
ANI TCHAGHLASIAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
GEORGE AGHJAYAN	CLERK	2.00	Officer Director	$0	$0	$0
STEVE MESROBIAN	TREASURER	2.00	Officer Director	$0	$0	$0
GEORGI OSHAGAN	DIRECTOR	2.00	Director	$0	$0	$0
MARAL ABRAHAMIAN	DIRECTOR	2.00	Director	$0	$0	$0
HARRY GLORIKIAN	VICE PRESIDENT	2.00	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	$1,740,615	$1,606,841	$6,852,363	$133,774
2023	No data	No data	No data	No data
2023	$1,330,275	$1,392,667	$7,510,363	$-62,392
2022	$1,646,950	$1,821,406	$6,384,438	$-174,456
2022	$1,635,702	$1,658,968	$6,930,493	$-23,266
2021	$1,086,411	$1,002,468	$7,595,379	$83,943
2021	$966,040	$897,751	$6,900,478	$68,289
2020	$2,855,825	$1,056,922	$15,568,282	$1,798,903
2020	$2,382,070	$1,054,586	$12,056,277	$1,327,484
2019	$10,144,965	$1,145,187	$14,150,031	$8,999,778
2019	$10,470,317	$1,132,411	$14,139,054	$9,337,906
2018	$662,366	$899,442	$4,803,922	$-237,076

ARMENIAN CULTURAL ASSOCIATION OF AMERICA INC