NEW YORK ARMENIAN HOME INC

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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

1949

Legal Domicile

Principal Officer

NEIRI AMIRIAN

Phone

9175795857

Tax Period

2021-01-01 to 2021-12-31

NEW YORK ARMENIAN HOME INC, founded in 1949, is a micro nonprofit in the Human Services sector that reported $92K in total revenue in fiscal year 2021. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $49.7M exceeded revenue, resulting in a 53943% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE A CARING, ORGANIZED, WELL-MAINTAINED, FULL-SERVICE RESIDENTIAL FACILITY FOR SENIORS, WHO, REGARDLESS OF FINANCIAL STATUS, BY CHOICE OR OTHERWISE, CANNOT OR DO NOT, WISH TO LIVE ALONE.

Program Service Accomplishments

Program 1

IN 2018, THE ORGANIZATION SOLD ITS PROPERTY UTILIZED TO CARRY OUT ITS EXEMPT PURPOSE AND WILL BE USING PROCEEDS TO BUILD ANOTHER ADULT CARE FACILITY. THE ORGANIZATION IS CURRENTLY IN THE PLANNING...

IN 2018, THE ORGANIZATION SOLD ITS PROPERTY UTILIZED TO CARRY OUT ITS EXEMPT PURPOSE AND WILL BE USING PROCEEDS TO BUILD ANOTHER ADULT CARE FACILITY. THE ORGANIZATION IS CURRENTLY IN THE PLANNING STAGE OF CONSTRUCTION AND WILL BE CARRYING OUT ITS MISSION WHEN THE BUILDING IS COMPLETED.

Program 2

Expenses: $49,098,772

THE ORGANIZATION CONTRIBUTED TO THE FOUNDATION OF THE NEW YORK ARMENIAN HOME INC AND ARMENIAN HOME OF NEW YORK , INC IN FURTHERANCE OF ITS MISSION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $91,924

Other Revenue $0

TOTAL REVENUE $91,924

Expense Breakdown

Grants Paid $49,098,772

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,098,772

Other Expenses $579,865

TOTAL EXPENSES $49,678,637

Year-over-Year Comparison

	2021	2020	Change
Revenue	$91,924	$494,572	-0.8%
Expenses	$49,678,637	$425,754	+115.7%
Net Income	$-49,586,713	$68,818	-721.5%

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

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
NEIRI AMIRIAN	CHAIRPERSON	15.00	Director	$0	$0	$0
CRAIG KALLEM	VICE CHAIRMAN	10.00	Director	$0	$0	$0
ARMEN CAPRIELIAN	TREASURER	4.00	Director	$0	$0	$0
AROUSIAG MARKARIAN	SECRETARY	3.00	Director	$0	$0	$0
MARDIROS ANATASIAN	BOARD MEMBERS	1.00	Director	$0	$0	$0
ALAN ARIFIAN	BOARD MEMBERS	1.00	Director	$0	$0	$0
AGGIE ELLIAN	BOARD MEMBERS	1.00	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
2021	$91,924	$49,678,637	$920,237	$-49,586,713
2020	$494,572	$425,754	$50,518,327	$68,818
2019	$923,331	$226,604	$50,408,496	$696,727
2018	$48,064,161	$980,860	$49,510,239	$47,083,301
2018	$47,664,161	$979,362	$49,803,791	$46,684,799