New York, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Armenian Church Endowment Fund Inc, founded in 2005, is a mid-sized nonprofit in the Religion sector that reported $11.6M in total revenue in fiscal year 2024. Revenue surged 167% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.4M, a strong 64% operating margin.
The mission of the Armenian Church Endowment Fund ("ACEF") is to provide financial support to the Diocese, parishes, and related entities of the Armenian Apostolic Church through oversight of pooled investments under our management. ACEF's professional investment management services, with a long-term horizon and diversified asset allocation, are designed to provide financial sustainability that allows our endowed institutions, our Armenian culture, and our spirituality to thrive for generations to come.
ACEF has achieved its goal of distributing 4.5% of assets to beneficiaries each year for the last 22 consecutive years. These monies have been a stable source of funding, helping communities build or...
ACEF has achieved its goal of distributing 4.5% of assets to beneficiaries each year for the last 22 consecutive years. These monies have been a stable source of funding, helping communities build or repair churches, meet their operating expenses, fund educational programs promoting Armenia's rich history and heritage, and support many other important initiatives. ACEF is proud to work with its investors to help ensure the future of the Armenian Church.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $11,642,810 | $4,363,783 | +1.7% |
| Expenses | $4,227,436 | $3,976,412 | +0.1% |
| Net Income | $7,415,374 | $387,371 | +18.1% |
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 |
|---|---|---|---|---|---|---|
| Lisa A Kazanjian | Executive Director | 32.0 |
Officer
|
$65,115 | $0 | $65,115 |
| Bishop Mesrop Parsamyan | PRESIDENT | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Gregory Zorthian | Chair | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Kirk S Hachigian | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Bryan Stepanian | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Gregory Melconian | Treasurer | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Robert E Cannuscio | Secretary | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Melanie Dadourian | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Eric Baroyan | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Kirk Kazazian | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| Richard Papalian | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Marie A Vanerian | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| Elizabeth Shaghalian Vranka | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| Gregory J Amerkanian | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $11,642,810 | $4,227,436 | $151,681,375 | $7,415,374 |
| 2023 | $4,363,783 | $3,976,412 | $146,847,942 | $387,371 |
| 2022 | $-5,279,564 | $3,734,499 | $135,682,703 | $-9,014,063 |
| 2021 | $15,006,380 | $3,671,348 | $160,041,186 | $11,335,032 |
| 2020 | $190,058 | $3,477,120 | $127,433,963 | $-3,287,062 |
| 2019 | $3,159,593 | $3,455,622 | $115,502,470 | $-296,029 |
| 2018 | $7,412,837 | $3,439,100 | $99,446,738 | $3,973,737 |
Compare Armenian Church Endowment Fund Inc with other nonprofits in New York and across the country.