ARMENIAN GENERAL BENEVOLENT UNION (EIN 135600421) - 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

1959

Legal Domicile

Principal Officer

YERVANT DEMIRJIAN

Phone

2123196383

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

ENSURING THE PROSPERITY AND WELL-BEING OF ALL ARMENIANS.

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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 $26,704,621

Program Service Revenue $1,041,737

Investment Income $10,261,603

Other Revenue $104,409

TOTAL REVENUE $38,112,370

Expense Breakdown

Grants Paid $13,738,014

Salaries & Benefits $5,834,117

Fundraising Expenses $1,447,614

Program Expenses $23,434,585

Other Expenses $8,681,600

TOTAL EXPENSES $28,253,731

Year-over-Year Comparison

	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%

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

102

Volunteers

1521

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

$300,502

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

ARMENIAN GENERAL BENEVOLENT UNION