NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ARMENIAN GENERAL BENEVOLENT UNION, founded in 1959, is a mid-sized nonprofit that reported $38.1M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $9.9M, a strong 26% operating margin.
ENSURING THE PROSPERITY AND WELL-BEING OF ALL ARMENIANS.
EDUCATIONAL - A LIFETIME OF GROWTH AND DISCOVERY - AGBU TAKES A 360 APPROACH TO EDUCATION, INCLUDING TRADITIONAL AND INNOVATIVE LEARNING PLATFORMS AND PROGRAMS. WE PARTNER WITH REPUTABLE WORLD CLASS...
EDUCATIONAL - A LIFETIME OF GROWTH AND DISCOVERY - AGBU TAKES A 360 APPROACH TO EDUCATION, INCLUDING TRADITIONAL AND INNOVATIVE LEARNING PLATFORMS AND PROGRAMS. WE PARTNER WITH REPUTABLE WORLD CLASS LEARNING INSTITUTIONS TO ELEVATE AND EXPAND THE REACH OF ARMENIAN STUDIES. IN ADDITION, WE STRIVE TO EXPOSE THE WORLD TO THE UNIQUE ATTRIBUTES OF THE ARMENIAN NATION AND ITS CONTRIBUTIONS TO THE CIVILIZED WORLD SINCE ANCIENT TIMES. BY EMBRACING DIVERSE PERSPECTIVES, AGBU IS A GATEWAY TO RICH EDUCATIONAL EXPERIENCES FOR LEARNERS AT EACH STAGE OF LIFE.
CULTURAL-ENRICHING THE MULTIFACETED ARMENIAN EXPERIENCE ARMENIAN CULTURE THRIVES ACROSS THE WORLD AS A KEY MARKER OF OUR UNIQUE NATIONAL IDENTITY. MUSIC AND THE ARTS, LITERATURE AND ARCHITECTURE, AS...
CULTURAL-ENRICHING THE MULTIFACETED ARMENIAN EXPERIENCE ARMENIAN CULTURE THRIVES ACROSS THE WORLD AS A KEY MARKER OF OUR UNIQUE NATIONAL IDENTITY. MUSIC AND THE ARTS, LITERATURE AND ARCHITECTURE, AS WELL AS ANCIENT, FOLK AND RELIGIOUS TRADITIONS HELP DRIVE THE AGBU MISSION TO UPLIFT ARMENIAN LIVES THROUGH CREATIVE EXPRESSION. OVER THE DECADES, AGBU HAS LAUNCHED AN ARRAY OF CULTURAL INITIATIVES THAT CONNECT ARMENIANS IN EVERY GENERATION ACROSS THE WORLD. WE ALSO ENCOURAGE RISING TALENTS TO EXPLORE THEIR POTENTIALS, AND WE PARTNER WITH WORLD-CLASS INSTITUTIONS TO SHARE OUR GIFTS WITH GLOBAL AUDIENCES.
SOCIO-ECONOMIC DEVELOPMENT - BUILDING A SUSTAINABLE HOMELAND IN THE REPUBLIC OF ARMENIA, THE STAKES FOR SOCIO-ECONOMIC PROGRESS ARE FOREMOST TO ENSURE A LIVING MANIFESTATION OF OUR COLLECTIVE...
SOCIO-ECONOMIC DEVELOPMENT - BUILDING A SUSTAINABLE HOMELAND IN THE REPUBLIC OF ARMENIA, THE STAKES FOR SOCIO-ECONOMIC PROGRESS ARE FOREMOST TO ENSURE A LIVING MANIFESTATION OF OUR COLLECTIVE IDENTITY WITHIN THE BOUNDARIES OF A LAND THAT IS AT ONCE A SOVEREIGN NATION STATE AND AN ANCESTRAL HOMELAND. AGBU WORKS TO STRENGTHEN THE COUNTRY BY PROVIDING INFRASTRUCTURES AND RESOURCES TO CARVE A PATH TO UPWARD MOBILITY. THESE NATION-BUILDING STRATEGIES ARE ESSENTIAL TO FUELING THE ECONOMIC GROWTH CRITICAL TO LONG-TERM NATIONAL VIABILITY. WITH OUR SAFETY NETS FOR THE MOST VULNERABLE, OUR STEPPING STONES FOR JOB SEEKERS AND AMBITIOUS ENTREPRENEURS, AND OUR BRIDGES THAT CONNECT KEY INDUSTRIES TO WORLD MARKETS, AGBU'S COMMITMENT TO HELPING ARMENIA IS REFLECTED IN WELL-DESIGNED STRATEGIC PROGRAMS AND PROJECTS AIMED AT STEADY ECONOMIC GROWTH AND SUSTAINABILITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $38,112,370 | $42,419,928 | -0.1% |
| Expenses | $28,253,731 | $29,326,954 | 0.0% |
| Net Income | $9,858,639 | $13,092,974 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARK GITLEN | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$259,385 | $41,117 | $300,502 |
| NATALIE GABRIELIAN | DIRECTOR OF CHAPTERS & CENTRAL BOARD ADMINISTRATIO | 40.00 |
Highest
|
$164,157 | $19,993 | $184,150 |
| KAREN ALINE PAPAZIAN | DIRECTOR- OUTREACH & DEVEL | 40.00 |
Highest
|
$162,372 | $18,160 | $180,532 |
| NAHEED ELYASI | DIRECTOR OF MARKETING | 40.00 |
Highest
|
$150,113 | $17,599 | $167,712 |
| KATHRYN V MANUELIAN | DIRECTOR OF COMMUNICATIONS | 40.00 |
Highest
|
$157,967 | $8,154 | $166,121 |
| GOHAR STOMBOLYAN | DIRECTOR WEST REGION | 40.00 |
Highest
|
$133,602 | $25,934 | $159,536 |
| BERGE SETRAKIAN | PRESIDENT | 20.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSEPH OUGHOURLIAN | VICE PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| NAZARETH FESTEKJIAN | TREASURER | 20.00 |
Officer
Director
|
$0 | $0 | $0 |
| YERVANT DEMIRJIAN | ASSISTANT TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| SARKIS JEBEJIAN | SECRETARY | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| ARDA NAZERIAN HARATUNIAN | ASSISTANT SECRETARY | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANI MANOUKIAN | MEMBER | 30.00 |
Director
|
$0 | $0 | $0 |
| ARI LIBARIKIAN | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| ARNAUD ATTAMIAN | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| CAMILIO AZZOUZ | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| ERIC ESRAILIAN | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| HAIG ARIYAN | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| LENA SARKISSIAN | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| LEVON NAZARIAN | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| LORI MUNCHERIAN | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| NADIA GORTZUNIAN | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| VAHE GABRACHE | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| VARTKES KNADJIAN | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| VASKEN YACOUBIAN | MEMBER | 30.00 |
Director
|
$0 | $0 | $0 |
| YEGHICHE MANOUKIAN | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| YERVANT ZORIAN | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $38,112,370 | $28,253,731 | $310,428,110 | $9,858,639 |
| 2022 | $38,755,110 | $28,642,760 | $297,525,915 | $10,112,350 |
| 2022 | $42,419,928 | $29,326,954 | $285,357,425 | $13,092,974 |
| 2021 | $43,918,491 | $21,803,804 | $296,944,132 | $22,114,687 |
| 2020 | $35,422,397 | $32,284,688 | $268,532,214 | $3,137,709 |
| 2019 | $25,518,329 | $28,041,182 | $260,335,515 | $-2,522,853 |
| 2018 | $25,711,862 | $23,858,667 | $238,128,421 | $1,853,195 |
| 2018 | $29,206,871 | $23,853,680 | $238,487,402 | $5,353,191 |
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