SOCIETY FOR ORPHANED ARMENIAN RELIEF

EIN: 204095458 501(c)(3) Philanthropy & Grantmaking

RADNOR, PA

Total Revenue
$1,630,710
Total Expenses
$1,493,148
Total Assets
$1,281,573
Net Assets
$1,273,428
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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
2009
Legal Domicile
PA
Tax Period
2023-01-01 to 2023-12-31

SOCIETY FOR ORPHANED ARMENIAN RELIEF, founded in 2009, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.6M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 8% surplus.

Mission

The Society for Orphaned Armenian Relief (SOAR) is a 501(c)(3) nonprofit organization dedicated to providing humanitarian relief to orphaned Armenian children and adults. Working with a loyal donor base and a trusted network of partners, SOAR distributes clothing, educational supplies, medicine, and other essential resources to orphaned Armenians throughout the world.

Program Service Accomplishments

Program 1
Expenses: $1,301,692

The Society for Orphaned Armenian Relief (SOAR) provides humanitarian relief to orphaned Armenian children and adults with disabilities throughout the world. Working with a trusted network of...

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The Society for Orphaned Armenian Relief (SOAR) provides humanitarian relief to orphaned Armenian children and adults with disabilities throughout the world. Working with a trusted network of in-country partners and a cadre of global volunteers, SOAR strives to provide this institutionalized population with the same educational and social opportunities as their non-institutionalized counterparts while simultaneously facilitating family empowerment, deinstitutionalization, and reunification.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,577,422
Program Service Revenue $0
Investment Income $29,146
Other Revenue $24,142
TOTAL REVENUE $1,630,710

Expense Breakdown

Grants Paid $1,022,748
Salaries & Benefits $257,014
Fundraising Expenses $0
Program Expenses $1,301,692
Other Expenses $213,386
TOTAL EXPENSES $1,493,148

Year-over-Year Comparison

2023 2022 Change
Revenue $1,630,710 $1,701,844 0.0%
Expenses $1,493,148 $1,688,120 -0.1%
Net Income $137,562 $13,724 +9.0%
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

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Governance

Voting Members
10
Independent Members
11
Employees
2
Volunteers
N/A

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
4
$150,000
Total Directors
10
$150,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
George S Yacoubian JR Executive Chair 0.00
Officer Director
$150,000 $0 $150,000
Raffi K Jehanian Vice Chairman 0.00
Officer Director
$0 $0 $0
Hagop Keshishian Treasurer 0.00
Officer Director
$0 $0 $0
Denise Sisian Secretary 0.00
Officer Director
$0 $0 $0
tanya Bardakjian Executive Board 0.00
Director
$0 $0 $0
Asadur Minasian Executive Board 0.00
Director
$0 $0 $0
Tamar Arminak Executive Board 0.00
Director
$0 $0 $0
Chuck Hajinian Executive Board 0.00
Director
$0 $0 $0
Lucie Kzelian Executive Board 0.00
Director
$0 $0 $0
Sarah Selverian Executive Board 0.00
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 $1,630,710 $1,493,148 $1,281,573 $137,562
2022 $1,701,844 $1,688,120 $1,139,250 $13,724
2021 $1,354,479 $1,435,980 $1,194,131 $-81,501
2021 $1,877,574 $1,435,980 $1,717,226 $441,594
2020 $1,682,735 $868,663 $1,406,361 $814,072
2019 $1,582,215 $1,602,695 $603,664 $-20,480
2018 $1,423,299 $1,401,077 $492,033 $22,222
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