ARMENIAN HERITAGE TRIBUTE AND GENO… - 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

2004

Legal Domicile

Principal Officer

KAREN DEDERYAN

Phone

7818942029

Tax Period

2024-01-01 to 2024-12-31

ARMENIAN HERITAGE TRIBUTE AND GENOCIDE M, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $256K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $102K, a strong 40% operating margin.

Mission

THE ORGANIZATION IS ORGANIZED TO SUPPORT THE DEVELOPMENT, CONSTRUCTION, FUNDING AND MAINTENANCE OF AN ARMENIAN HERITAGE TRIBUTE AND GENOCIDE MEMORIAL (THE "MEMORIAL") WHICH RECOGNIZES AND CELEBRATES THE HERITAGE AND SPECIFIC HISTORIC EVENTS OF THE ARMENIAN PEOPLE INCLUDING BUT NOT LIMITED TO THE ARMENIAN GENOCIDE OF 1915, AND THE PRESENCE, VITALITY AND CONTRIBUTIONS OF THE ARMENIAN COMMUNITY WITHIN THE COMMONWEALTH OF MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $108,551

EXPENDITURES ARE FOR THE ONGOING MAINTENANCE OF THE MEMORIAL PARK ON THE GREENWAY IN BOSTON, MA. THE PARK OFFERS HOPE AND REFUGE FOR IMMIGRANTS LOOKING TO BEGIN NEW LIVES.

Program 2

Expenses: $12,679

MISCELLANEOUS PROGRAMS

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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 $110,908

Program Service Revenue $0

Investment Income $110,641

Other Revenue $34,152

TOTAL REVENUE $255,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,249

Program Expenses $121,230

Other Expenses $153,238

TOTAL EXPENSES $153,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,701	$495,402	-0.5%
Expenses	$153,238	$181,546	-0.2%
Net Income	$102,463	$313,856	-0.7%

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

100

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
KAREN DEDERYAN	TREASURER	1.00	Officer Director	$0	$0	$0
LUCY HOOSIAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES KALUSTIAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ARA ARAKELIAN	DIRECTOR	1.00	Director	$0	$0	$0
ARAM ARKUN	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE BAGDASARIAN	VICE PRESIDENT / DIRECTOR	1.00	Officer Director	$0	$0	$0
ANTHONY BARSAMIAN	DIRECTOR	1.00	Director	$0	$0	$0
LENA CHOULJIAN	DIRECTOR	1.00	Director	$0	$0	$0
STEPAN DULGARIAN JR	DIRECTOR	1.00	Director	$0	$0	$0
ARA GHAZARIANS	DIRECTOR	1.00	Director	$0	$0	$0
ARTO KURKJIAN	DIRECTOR	1.00	Director	$0	$0	$0
EVA MEDZORIAN	DIRECTOR	1.00	Director	$0	$0	$0
WALTER NAHABEDIAN	VICE PRESIDENT / DIRECTOR	1.00	Officer Director	$0	$0	$0
MANUEL PARSEGHIAN	DIRECTOR	1.00	Director	$0	$0	$0
STEPAN PILIGIAN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SAHAGIAN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SAHAGIAN	DIRECTOR	1.00	Director	$0	$0	$0
SILVA SEDRAKIAN	DIRECTOR	1.00	Director	$0	$0	$0
SIRAN TAMAKIAN	DIRECTOR	1.00	Director	$0	$0	$0
FR AVED TERZIAN	DIRECTOR	1.00	Director	$0	$0	$0
KASPAR TOROSIAN	DIRECTOR	1.00	Director	$0	$0	$0
MARAL DERTOROSIAN	DIRECTOR	1.00	Director	$0	$0	$0
RONALD SAHATJIAN	DIRECTOR	1.00	Director	$0	$0	$0
KEN SAMUELIAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN AHARONIAN	INVESTMENTS COMMITTEE CHAIR / DIRECTOR	1.00	Director	$0	$0	$0
ARA BALIKIAN	DIRECTOR	1.00	Director	$0	$0	$0
NANCY GANJIAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DEMIRCHIAN	DIRECTOR	1.00	Director	$0	$0	$0
ZAREH ZURABYAN	AT LARGE / DIRECTOR	1.00	Director	$0	$0	$0
SOSSY YOGURTIAN	DIRECTOR	1.00	Director	$0	$0	$0
GREG AFARIAN	DIRECTOR	1.00	Director	$0	$0	$0
MILKA BEDIKIAN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD KANARIAN	DIRECTOR	1.00	Director	$0	$0	$0
FR KHACHTUR KESABLYAN	DIRECTOR	1.00	Director	$0	$0	$0
JOAN DREVINS	DIRECTOR	1.00	Director	$0	$0	$0
WENDY SEGREST	DIRECTOR	1.00	Director	$0	$0	$0
JIRAIR BALAYAN	DIRECTOR	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	$255,701	$153,238	$5,010,432	$102,463
2023	$495,402	$181,546	$4,572,423	$313,856
2022	$1,073,029	$177,210	$4,152,611	$895,819
2021	$214,487	$153,849	$3,853,004	$60,638
2020	$149,955	$137,063	$3,561,026	$12,892
2019	$707,043	$165,239	$3,381,053	$541,804

ARMENIAN HERITAGE TRIBUTE AND GENOCIDE M