CHILDREN OF ARMENIA FUND INC DBA CHILDREN OF ARMENIA FUND COAF (EIN 113579187) - 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

2000

Legal Domicile

Principal Officer

GARO H ARMEN PHD

Phone

2129948234

Tax Period

2023-01-01 to 2023-12-31

CHILDREN OF ARMENIA FUND INC DBA CHILDREN OF ARMENIA FUND COAF, founded in 2000, is a mid-sized nonprofit in the International Affairs sector that reported $14.4M in total revenue in fiscal year 2023. Revenue surged 165% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.0M, a strong 49% operating margin.

Mission

COAFs goal is to empower the younger generation of Armenians living in the country's impoverished and neglected rural villages.While COAF's work is all-encompassing, the emphasis is on education. The organizations work combines infrastructure projects schools, medical clinics, health posts, community centers, athletic facilities with world class educational, socioeconomic, health care, and community programs. The objective is to enable young Armenians to define and build their own future with guidance provided by COAF.

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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 $14,430,612

Program Service Revenue $0

Investment Income $19,857

Other Revenue $-52,608

TOTAL REVENUE $14,397,861

Expense Breakdown

Grants Paid $6,652,774

Salaries & Benefits $552,798

Fundraising Expenses $163,301

Program Expenses $6,943,577

Other Expenses $173,891

TOTAL EXPENSES $7,379,463

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,397,861	$5,432,074	+1.7%
Expenses	$7,379,463	$8,356,264	-0.1%
Net Income	$7,018,398	$-2,924,190	-3.4%

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

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
GARO H ARMEN PHD	Chairman	5.00	Officer Director	$0	$0	$0
DR ALICE SARAYDARIAN	SECRETARY/TREAS	4.00	Officer Director	$0	$0	$0
JOHN SARAYDARIAN	Director	1.00	Director	$0	$0	$0
JACQUELINE VARTANIAN	Director	1.00	Director	$0	$0	$0
NATASHA AVANESSIANS	Director	1.00	Director	$0	$0	$0
KHALIL BARRAGE	Director	1.00	Director	$0	$0	$0
GREGORY EKIZIAN	Director	1.00	Director	$0	$0	$0
DEBBIE OHANIAN	Director	1.00	Director	$0	$0	$0
MARY PENDERGAST	Director	1.00	Director	$0	$0	$0
SHAKE NAHAPETIAN	Director	1.00	Director	$0	$0	$0
VAHE NAHAPETIAN	Director	1.00	Director	$0	$0	$0
VAHE DOMBALAGIAN	Director	1.00	Director	$0	$0	$0
HASMIK DOMBALAGIAN	Director	1.00	Director	$0	$0	$0
PETER BALANKIAN	Director	1.00	Director	$0	$0	$0
DIRON JEBEJIAN	AUD. CHAIR/PRES	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
2024	No data	No data	No data	No data
2023	$14,397,861	$7,379,463	$16,440,882	$7,018,398
2022	$5,432,074	$8,356,264	$10,215,331	$-2,924,190
2021	$10,208,755	$5,392,272	$13,884,655	$4,816,483
2020	$7,433,572	$4,830,528	$9,333,007	$2,603,044
2019	$5,743,952	$3,436,653	$6,867,856	$2,307,299
2018	$4,899,318	$4,016,401	$4,478,409	$882,917

CHILDREN OF ARMENIA FUND INC DBA CHILDREN OF ARMENIA FUND COAF